We’ve resilience to overcome the crisis


May 5, 2020 | By Rupkatha B

One of the oldest and busiest trading districts in Dubai, Deira Gold Souk reopened last week, following the directives of the Supreme Committee of Crisis and Disaster Management. The COVID-19 pandemic has challenged the global retail industry, and the gold & jewellery sector isn’t immune. But Tawhid Abdullah, chairman, Dubai Gold & Jewellery Group stresses, “We’ve resilience and experience to overcome the crisis.”

Starting April 26, retailers within Deira Gold Souk began operating at reduced trading hours. Before the opening, Dubai’s Al Ras and Naif areas, Deira Gold Souk and individual stores completed an extensive sterilisation programme following stringent health and safety guidelines, announced by Dubai Economy.

“We express our gratitude to the leaders of this country, government entities, Dubai Police, CID and all the first responders who worked tirelessly to get us to this point. The UAE has led by example and left no stones unturned before easing the COVID-19 restriction and opening shopping malls, markets and commercial outlets. It is our collective effort aimed at successfully implementing the retail protocol mandated by Dubai Economy in a manner that is both safe and effective, as we prepare in stages in the coming months to work towards 100% capacity operations,” Abdullah states.

“As on April 30, we were already 35-40% functional, and by the first week of May it will go up to almost 90%,” he shares. “However, the visitor number is low. We have and will continue undertaking every measure possible to reinstate confidence among consumers to start coming back to Deira Gold Souk. We will continue following health & safety guidelines. We have installed several hand sanitisation stations, those entering the premises are undergoing temperature checks, and they must wear face masks and gloves. We are also following social distancing norms.”

At a time when the financial market is suffering, gold is being looked upon as “safe” investment.

“Gold is a superhero in the commodities market. From the country to Central Bank, traders to customers, there is trust in gold as a safe form of investment. However, this year will be challenging. But Dubai is the ‘City of Gold’, and we will work tirelessly to overcome the crisis and regain our shine,” Abdullah concludes.

 

For all the latest retail news from Middle East, follow us on Twitter and LinkedIn, like us on Facebook and subscribe to our YouTube page.

Comments

comments

Previous Article Next Article

SHARE

YOU MAY ALSO LIKE /


A new branch of Waitrose comes up in Abu Dhabi’s Khalifa City

British grocer Waitrose has opened its newest store in Abu Dhabi’s Khalifa 

Continue Reading

January 25, 2023 | By RetailME Bureau
Its Netherlands Food Week at Al Maya Supermarkets

UAE-based Al Maya Supermarkets has kicked off its ‘Netherlands Food Week’ that 

Continue Reading

January 20, 2023 | By RetailME Bureau
Tesco announces price lock to support consumers amid inflation (PC: Andrew Parsons / Parsons Media)

British grocery retail chain Tesco has announced a price lock on over 

Continue Reading

January 13, 2023 | By RetailME Bureau
Union Coop renews ISO certification

Dubai-based grocery retailer Union Coop has successfully obtained the ISO 22301, an 

Continue Reading

January 12, 2023 | By RetailME Bureau
Spanish supermarket chain Mercadona announces salary increase amid inflation (PC: Mercadona)

Spanish omnichannel supermarket chain Mercadona has announced salary increase amid inflation that 

Continue Reading

January 3, 2023 | By RetailME Bureau
Choithrams partners with Rove Hotels to open 8 new outlets

Grocery retail chain Choithrams will open eight convenience stores across Rove Hotels’ 

Continue Reading

December 30, 2022 | By RetailME Bureau
Géant to open more than 20 stores in the UAE in 2023

Part of regional retail conglomerate GMG, Géant plans to open more than 

Continue Reading

December 23, 2022 | By RetailME Bureau
FMCG online sales growing by 68% in UAE and 58% in KSA

Online share in FMCG sales has been growing all over the world, 

Continue Reading

December 19, 2022 | By RetailME Bureau
Majid Al Futtaim Retail, Standard Chartered launch region’s first Sustainable Supply Chain Finance Programme

Majid Al Futtaim Retail, operator of the Carrefour franchise in the Middle 

Continue Reading

December 15, 2022 | By RetailME Bureau
GMG and Silal partner to support 1,100 UAE farms access local retail market

UAE-based diversified conglomerate GMG and Silal have signed a memorandum of understanding 

Continue Reading

December 12, 2022 | By RetailME Bureau
Lulu Group partners with Amazon expanding grocery offerings to online customers in the UAE

Abu Dhabi based grocery retail chain Lulu Group has partnered with Amazon 

Continue Reading

November 24, 2022 | By RetailME Bureau
Food Tech Valley partners with Tradeling to boost UAE’s food ecosystem

UAE-government-led initiative Food Tech Valley – announced in 2021 by His Highness 

Continue Reading

November 17, 2022 | By RetailME Bureau




f
Download Images RetailME Magazine