Tribune News Network
Doha
Malabar Gold & Diamonds, the sixth largest jewellery retailer globally with an extensive retail network of more than 310 outlets across 10 countries from India and the GCC to the Far East and the USA, has unveiled their brand-new global base of international operations, the Malabar International Hub (M-IH) at Dubai Gold Souq in Deira, Dubai.
M-IH was inaugurated by Abdulla bin Touq Al Marri, Cabinet member and UAE Minister of Economy on March 22, in the presence of chairman and directors of the group, as well as government officials, distinguished guests, well-wishers, and management team members of Malabar Gold & Diamonds.
Celebrating its 30th year anniversary, the opening of M-IH marks a momentous landmark for Malabar Gold & Diamonds, which began their international operations in 2008 from the UAE.
The 28,000 sq ft LEED Gold Certified hub, which is located in the heart of Dubai’s gold district has been designed to be the epicentre of the brand’s current and future business aspirations. Spread across 4 floors, it houses all functions, from a global centralised supply chain to all enabling and supporting functions for existing operations in GCC, USA, Singapore, Malaysia; and lays the foundation for the growth aspirations of the group to continue its ambitious expansion plans into countries such as the UK, Australia, Canada, Turkey, Bangladesh, New Zealand and many more.
All supporting and enabling functionalities of the company’s international operations, which was previously decentralised and carried out in each country of operation, has now been brought under a single roof to further streamline the process and increase the overall efficiency of the company’s management.
Chairman of Malabar Group, MP Ahammed commented, “With the establishment of M-IH in Dubai, Malabar Gold & Diamonds has taken one step closer to our dream of being the biggest jewellery retailer in the world. The new facility is all set to be the stepping stone of our Vision 2030 goal of scaling up our operations to conquer new markets and strengthen our presence in existing markets. As we celebrate 30 years of providing exemplary jewellery shopping experience to our loyal customers across the world, our dedication towards quality, perfection and service has propelled us to the position of world’s most trusted jewellery retailer. I would like to take this opportunity to express my immense gratitude to our stakeholders – customers, employees, associates, shareholders, and authorities who stood with us through thick and thin and contributed towards propelling the brand to new heights.”
Speaking on the occasion, Shamlal Ahamed, Managing Director-International operations, Malabar Gold & Diamonds said, “The launch of Malabar International Hub is indeed a historic occasion for Malabar Gold & Diamonds.It is also a moment of added pride and joy that this inauguration coincided with our brand’s 30th anniversary.”
“The state-of-the-art facility has been designed considering the needs and requirements of all the various elements that keep our operations afloat, with special consideration given to the comfort of our employees. We earnestly look forward to closely working with the UAE government and other key stakeholders to further our reach in the international jewellery trade and thereby be a key partner in enhancing Dubai’s status as the City of Gold”, said Abdul Salam KP, vice chairman of Malabar Group.
In strict adherence to Malabar Gold & Diamonds’ commitment towards ESG (Environmental, Social & Governance) guidelines, various environmental and sustainable initiatives have been incorporated in the building’s designs and the facility is in the process of getting its LEED GOLD certification.
