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Aspire Opens New Dubai Jewelry Factory
Oct 29, 2007 10:45 AM
By Avi Krawitz
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RAPAPORT... Aspire, a collaboration between Germany-based jewelry company Hammer Group and UAE-based jeweler Kareem, has opened a new manufacturing facility in the Dubai Multi Commodities Centre (DMCC.)
Aspire said it would design and manufacture high end jewelry and fashionable watches at the new facility with its staff of approximately 400 people.
The Hammer Group is a multinational jeweler with manufacturing, and a global distribution to some 4,500 retail outlets in 250 cities.
“We are proud to be associated with Kareemo Ltd.,” said Majid Algouneh, chief managing director of Hammer Group. “This partnership will give us the opportunity to bring our worldwide expertise to the Middle East, using Dubai Multi Commodities Centre as our hub for our operations.”
Moaz Barakat, managing director of Kareemo Ltd explained that Aspire DMCC would benefit from a mix of Middle Eastern expertise and European proficiency which would “add to the gold and jewelry industry of Dubai.”
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Tags:
DMCC, Dubai, Jewelry, Manufacturing
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