MyGroup Holding to invest billions of dirhams in the UAE market this year

MyGroup Holding, under the leadership of President Emil Isgandarov, has announced its strategic plan to invest billions of dirhams in the UAE market in 2025. This investment will expand its business footprint in Dubai, enhancing its presence across key sectors such as retail, services, logistics, energy, construction, and telecommunications.

Strategic areas of development

·         MyGroup’s diverse portfolio will feature several innovative projects, including:

·         MyShops: An innovative retail chain designed to transform the shopping experience for customers

·         MyBarber: A high-end grooming service tailored for Dubai's diverse and cosmopolitan clientele

·         MyLogistics: A specialised logistics company that offers streamlined supply chain solutions within the region

·         MyRefinery: Initiatives aimed at enhancing the UAE’s energy sector infrastructure and promoting sustainability

·         MyConstruction: A committed construction firm that will play a significant role in Dubai's real estate and infrastructure development

·         MyNumber: A unique platform for trading vehicle licence plates throughout the UAE

Isgandarov, an influential Azerbaijani entrepreneur and philanthropist, said that this investment aligns closely with Dubai’s strategic vision for economic diversification and sustainable development. With an anticipated 41,000 new housing units projected in Dubai's real estate market by 2025, MyGroup's initiatives will contribute significantly to this growth.

Recent achievements

MyGroup’s ambitious plans for the future are underpinned by several notable achievements over the past year in the UAE.

1.       Successful launch of the inaugural MyShops outlet at the Outlet Mall, with ongoing plans to open additional locations across the UAE, including a new site near the Grand Mosque in Abu Dhabi, currently being fitted out.

2.       Relocation of MyGroup’s UAE headquarters to Bay Square, aimed at facilitating regional growth.

3.       Introduction of the MYX brand, which specialises in high-quality electronics and mobile accessories offered at competitive prices, with plans for expanded distribution across GCC countries and globally.

4.       Enhancement of corporate team-building initiatives to increase job opportunities and contribute positively to the national economy.

5.       Launch of the MyShops e-commerce website, offering competitive pricing and improved accessibility for consumers.

6.       Establishment of an export division set to boost trade in various products, meeting the growing market demand at competitive prices.

7.       Plans to introduce interest-free credit instalment payments to make shopping more accessible for UAE residents.

These initiatives underscore MyGroup’s commitment to supporting the burgeoning UAE economy and align with its vision to grow in tandem with the nation.

A commitment to international cooperation

Isgandarov is actively engaged in various business forums and initiatives to reinforce trade and economic ties between Azerbaijan and the UAE. As Chairman of the Caspian Energy Club UAE, he is at the forefront of fostering international cooperation and economic partnerships.

MyGroup Holding’s multibillion-dirham investment plan, together with a series of significant achievements and initiatives, highlights the company’s dedication to enhancing Dubai's economic landscape while supporting sustainable development.

To learn more, visit MyGroup.ae