“All current international operations, including those in the USA and the Far East, will be managed from our new Dubai hub from now on,” he said as he thanked the minister - who had played a significant role in the establishment of the UAE-India Cepa - for his presence at the inauguration. The UAE has always supported our growth by offering a highly favourable environment for business advancement,” Shamlal said. “This is indeed a historic occasion for us. Moreover, the country accounts for 8.2 per cent of total global gold exports, ranking third behind Switzerland and the UK in 2021,” said Shamlal. “The UAE is a leading global hub of gold and precious metal trading with its vibrant gold sector accounting for 32 per cent of its total non-oil exports in 2022. He added that the choice of Dubai as the base for its global expansion reflected investor confidence in the UAE’s business environment and the positive impact of legislative reforms. Shamlal Ahamed M.P, managing director, international operations at Malabar Gold & Diamonds, said the elimination of jewellery import duties following the signing of the landmark UAE-India Cepa (Comprehensive Economic Partnership Agreement) has encouraged the group to expand its footprints to new global markets and strengthen retail presence in existing markets such as the USA. “Our commitment to the highest standards of quality, precision and customer service has established our position as one of the leading brand names in the industry in less than 30 years,” said Ahammed.

Kuwait city global hub