Dubai-Mubasher: Emax Electronics, a subsidiary of Landmark Group, is considering AED 250 million investments in UAE and the gulf area until 2017, said CEO Neelesh Bhatnagar.
The CEO noted that 10 stores are expected to be launched across UAE by the end of 2016.
He went on to say a total of 30 to 40 stores will be opened in the coming two years, adding that Emax will continue to focus on the Saudi and Qatari markets in the meantime.
We are seeking to reach store 100 by the end of 2017, in line with the unexpected 28% annual growth in sales, Bhatnagar noted, excluding any impact from oil prices on electronics sales.
