Malabar Gold & Diamonds, operating out of the Malabar International Hub in the UAE, is expanding its presence in New Zealand with three showrooms.

This comes in the wake of the Comprehensive Economic Partnership Agreement (CEPA) signed recently by both the countries to foster economic growth and develop trade initiatives between them.

As a globally recognised jewellery retailer, Malabar Gold & Diamonds has invested NZ$75 million to showcase its collections in New Zealand, which would be the 14th country where the company’s international presence would be established.

MP Ahammed, Chairman of Malabar Group, said that the CEPA between the UAE and New Zealand significantly bolstered the company’s efforts to enter the new market.

Malabar Group, known for periodically strengthening its ESG goals to remain a socially conscious and responsible organization, contributes 5% of its profit to such initiatives in the country of its operations. Even so, the showrooms in New Zealand would follow ethical standards in line with the company’s goals and principles.

Ahmad Zakkout, New Zealand’s Trade Commissioner to the UAE, highlighted the strong bond between the two nations.

Confirming how CEPA would be instrumental in paving the way for their efforts in New Zealand, Shamlal Ahamed, managing director of International Operations at Malabar Gold & Diamonds, mentioned that the expansion provided a great opportunity to connect with a varied customer base. – editor@nrifocus.com