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UAE residents among biggest fans of Swiss timepieces
Posted By LMD Fashion Squad On September 5, 2012 @ 11:50 am In Luxe Living,Watches |
Just in case we needed to be reminded, we UAE residents are big fans of collectible watches, according to a new study by the Federation of the Swiss Watch Industry FH that ranks the country as the 10th biggest importer of Swiss timepieces, with a total value of 488.8 million Swiss Francs (~ AED 1.87 billion).
The luxury timepiece retail sector within the UAE is going from strength to strength and is currently the only Middle Eastern country to be featured in the Top 10 round up, ahead of Saudi Arabia at number 14 and Qatar at number 21.
“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,” commented Mr. Mohammed Abdulmagied Seddiqi, VP – Sales & Retail, Ahmed Seddiqi & Sons.
“The results that have been shared by the Federation of the Swiss Watch Industry FH are a testament to the popularity of Swiss watches in the UAE and we look forward to sharing our extensive range of timepieces with customers,” he added.
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