Business | Retail

UAE ranks amongst the top 10 importers of Swiss watches

Country imported 488.8m Swiss francs worth in first half of 2012

  • Staff Report
  • Published: 17:17 September 3, 2012
  • Gulf News

Dubai: The UAE ranks amongst the top 10 countries importing Swiss watches, according to a first half 2012 results released by the Federation of the Swiss Watch Industry.

The country imports 488.8 million Swiss Francs worth of for watches alone. The luxury timepiece retail sector within the UAE is currently the only Middle Eastern country to be featured in the Top 10 round up, ahead of Saudi Arabia which was at number 14.

As the leading retailer of luxury timepieces, Ahmed Seddiqi & Sons offer the largest portfolio of Swiss watches including, A. Lange & Söhne, Patek Philippe, Audemars Piguet, and Rolex and remains optimistic about the future of the Middle East’s consumer market. Encouraged by the appetite of patrons and growing consumer interest, Ahmed Seddiqi & Sons opened 8 new retail outlets in the first half of 2012 and currently operate 58 outlets across the UAE.

“The UAE’s consumer market has witnessed a shift in buying patterns similar to the global market, but it is a positive sign that consumers from both the domestic and overseas market are once again interested in luxury Swiss timepieces. We have seen a steadying of demand and returning of consumer confidence and are pleased to be able to offer one of the largest selections of Swiss timepieces in the region,” said Mohammad Abdul Majid Seddiqi, vice-president of Sales & Retail, Ahmed Seddiqi & Sons.

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