UAE - Pure Gold plans Dh500m investment

(MENAFN- Khaleej Times) Pure Gold Group recently announced that the company will invest half a billion Dirhams to expand its UAE operations in the lead up to Dubai Expo 2020. Significant investment of Dh425 million will be made in Pure Gold Jewellers, the Group's core business; and Dh75 million will be invested in La Moda Exclusives, the Group's luxury sunglasses retail chain. Firoz Merchant, chairman, Pure Gold Group said: "We are committed to supporting UAE's growth in the retail sector and social development. We plan to invest a significant amount of capital in the UAE as the nation now prepares to host Dubai 2020 as we believe the historical event will bring more opportunities for the retail business in the UAE with the influx of tourists and overall economic growth."