Home Retail Middle East Landmark to invest Dh500 mln accross GCC and India

Landmark to invest Dh500 mln accross GCC and India

The Dubai-based Landmark Group,  which recently ventured into electronics retailing under Emax brand, will invest more than Dh500 million in setting up 40 electronic retail outlets, or super stores, accross the GCC and India. The group, plans to foray into budget hotels in India. "We have ambitious plans to set up more than 40 Emax electronics retail outlets accross the region in three to five years with an investment of over Dh500 million," Neelesh Bhatnagar, executive director of Landmark Group, told. "Currently we have eight Emax stores across the GCC countries and we are looking at other venues, including a possible entry into the Indian market by 2009." The group, which currently has 11 lifestyle stores, and five home centres, speciality format stores providing complete home solution, will also be investing in budget hotels. It currently operates over 500 stores, concepts and business interests in India and Gulf Cooperation Council (GCC). Landmark Group, having 1 million square feet area under retail space in India, aims at scaling it to 5 million square feet by 2010, which is currently its total retail space spread over 500 stores in GCC and India.

 

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