Thursday 6 August 2009

Al Naboodah eyes Asian emerging market pie (Interview)

After half a century of operations in the UAE, the Dubai-based Al Naboodah Commercial Group (ANCG) is now testing waters abroad, its Managing Director Samar Roy told Emirates Business.

The company is looking at emerging markets in Asia, and India particularly, is high on its radar, said Roy, adding that an announcement in this regard could be made in a few months' time.

The company, Roy claimed, has recorded 40 per cent growth over the past several years and it will manage to show the same performance it did in 2008. Its growth trajectory will not recede into negative quarters, he said.

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