Malabar Gold & Diamonds to enter New Zealand
Malabar Gold & Diamonds is set to expand its retail presence in New Zealand by opening three showrooms.
In the initial phase, the company will invest NZD 75 million to establish its presence in the region. The move is aligned with the Comprehensive Economic Partnership Agreement (CEPA) signed between the United Arab Emirates and New Zealand, which fosters increased trade and economic collaboration between the two nations, a press release said.
Expanding retail presence
With the entirety of Malabar Gold & Diamonds’ international operations based out of the Malabar International Hub in the UAE, the signing of CEPA between the UAE and New Zealand will enable the brand to further streamline their business operation, as it relates to expanding their retail presence into the 14th global country of operation.
“As a globally recognised jewellery retailer managing its international operations from the UAE, the CEPA between the UAE and New Zealand significantly bolsters the company’s efforts to enter this new market,” said MP Ahammed, Chairman of Malabar Group.
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