Dubai: H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, today met with Nicolas Bos, Group Chief Executive Officer of Richemont, a leading luxury goods group. The meeting emphasized the UAE’s dedication to forming strategic partnerships with global enterprises that boost high-value economic sectors. Discussions highlighted Dubai’s business-friendly environment, advanced infrastructure, and global connectivity as essential elements bolstering its appeal as a preferred location for international luxury groups seeking regional expansion.
According to Emirates News Agency, the meeting explored opportunities for enhancing cooperation between Dubai and Richemont. It aimed to leverage the city’s growing luxury goods sector and its emerging status as a global hub for innovation and investment. The luxury goods sector is part of the broad spectrum of industries driving the Dubai Economic Agenda D33, which seeks to elevate Dubai among the world’s top three urban economies and double foreign trade to AED25.6 trillion by 2033.
The meeting was attended by Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs; Helal Almarri, Director-General of the Dubai Department of Economy and Tourism; Hesham Abdulla Al Qassim, Vice Chairman and Managing Director of Emirates NBD Group; and Mohammed Al Zarooni, Executive Chairman of the Dubai Integrated Economic Zones Authority (DIEZ).
Richemont, founded in 1988, is a Switzerland-based luxury goods group with an extensive portfolio of prestigious brands in jewellery, watches, fashion, and accessories, including Cartier, Van Cleef and Arpels, Piaget, Jaeger-LeCoultre, IWC Schaffhausen, Montblanc, Chlo©, and Dunhill. The Group manages over 2,400 monobrand boutiques worldwide and employs a workforce of over 40,000 people across more than 150 locations globally. For the year ending 31 March 2025, Richemont reported annual group sales of £21.4 billion. The company’s Middle East, India, and Africa headquarters are situated in the Dubai Airport Free Zone.
