Dubai PR Network, Online Press Release from Dubai and Middle East
Mall, Retail & Hospitality(Real Estate & Retail)
Filter PR by
7 Billion Sales Recorded by Consumer Cooperatives in the Country for the Year 2018
7 Billion Sales Recorded by Consumer Cooperatives in the Country for the Year 2018

Total Capital for Cooperative Societies in the Country amounted to about AED 2 Billion and 219 Million 

March 04, 2019 - Dubai, UAE:

The Consumer Cooperative Union revealed that the sales of Consumer Cooperatives in the UAE amounted to AED 6 Billion and 843 Million until the end of 2018. The number of shareholders in the cooperatives reached 76, 294, confirming the effectiveness of programs and plans implemented by the cooperatives with the confidence of the shareholders and consumers in products, goods and services offered by the cooperatives. 

This came during a speech by Dr Suhail Al Bastaki, Director of Happiness and Marketing Department, Union Coop, on behalf of the Consumer Cooperative Union on the occasion of the opening ceremony of the 14th Gulf Consumer Protection Day, under the slogan “Towards Secure e-shopping for Consumers.” In addition, the launching of the 24th cooperatives shopping festival.

He said, “The Consumer Cooperatives have been a success in the UAE, thanks to the unlimited support of the wise leadership of H.H. Sheikh Khalifa bin Zayed Al Nahyan the President of the UAE and H.H. Sheikh Mohammed bin Rashid Al Maktoum, the Vice President and Prime Minister of the UAE, and ruler of Dubai. The foundation of the cooperatives was laid down by the late Sheikh Zayed bin Sultan Al Nahyan (May Allah Rest His Soul), the founding father of the United Arab Emirates. 

He added, “The launch of the slogan ‘Towards Secure Electronic Shopping for Consumers’ comes for the third consecutive year, to prioritize the importance of consumer security with the significant and tangible development on the electronic side, in order to keep up with the latest in the retail world.”

2 Billion 219 Million 

He pointed out that the total capital of cooperative societies in the country amounted to about AED 2 billion and 219 million by the end of 2018. He also highlighted that the number of consumer cooperatives in the country is 18 major cooperatives followed by 159 branches, the number of branches will be 182 branches, by constructing more 23 branches, which contributes to the geographical coverage of most densely populated areas in the country, and still maintains a great opportunity for further expansion so that it can make its services accessible to all the consumers in the country. 

Al Bastaki announced, “In conjunction with the ‘Year of Tolerance’, the 14th Gulf Consumer Protection Day and the 24th Cooperatives Shopping Festival, we are planning discounts and deals on 125 commodities at Union Coop. This is to achieve the highest levels of interest and signify the belief of Union Coop in easing the burden off the shoulders of members of society.”

'The Consumer Cooperative Union and consumer cooperatives have contributed directly and conspicuously to maintaining price stability and consumer protection through the production and supply of 595 basic consumer goods under the brand of ‘Co-op’, which have high quality, competitive prices comparable to foreign products, comparatively low prices by 10-30%, and a number of other commodities were imported directly, which helped break the monopoly and provide multiple alternatives to consumers at competitive prices.”

Posted by : Dubai PR Network Editorial Team
Viewed 6753 times
PR Category : Real Estate & Retail
Posted on : Monday, March 4, 2019  9:37:00 AM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of
Previous Story : Ibn Battuta Mall celebrates International Women's Day with f...
Next Story : Dragon Mart to shine bright at Middle East Electricity Exhib...
Email this article Print this article

Share this article with your friends and followers
Back to Section Home

Related Stories

Most Viewed Press Release posted in the last 7 days
Boss Bottled Infinite: Express Your Inner Self [24193-Views]
Chronoswiss adds beauty in blue to Sirius Chronograph Moon Phase collection [15140-Views]
Mouawad Announces New Partnership With the Miss Universe Organization [12450-Views]
Ncef-reverse Eyes – Filorga's New Ground Breaking Eye Care! [8918-Views]
A touch of elegance with Al Asel [8802-Views]
Roberto Cavalli's exclusive new duo of fragrances [8619-Views]
Ferrari 812 GTS: the V12 spider returns [8436-Views]
La Roche-posay Presents an Incomparable Skincare Experience With ‘My Skin Track UV;' the W... [8180-Views]
Tag Heuer Launches First Ever Emerald Green Dial Aquaracer (for Men & Women) in the UAE [7753-Views]
World's First Cartridge-Free Laser Printer Now Available in the UAE [7753-Views]
Tabreed demonstrates commitment to enhancing energy efficiency with ISO 50001 certificatio... [7302-Views]
Sony Middle East and Africa launches the new king of full frame mirrorless cameras – Alpha... [7131-Views]
A Journey of Belief: Caroline Leon goes the extra mile with DHL as she attempts to climb h... [7125-Views]
Corum Golden Bridge Round 39 for elegant lady [7046-Views]
The Ferrari F8 Spider: the evolution of the species [6594-Views]
Introducing Pestle & Mortar [6399-Views]
Introducing the Dyson V11TM Absolute cord-free vacuum [6368-Views]
Tissot Carson Automatic Urban vitality [6185-Views]
Energy Transition is Accelerating Across Countries Worldwide According to 2019 World Energ... [5917-Views]
Glamorous Gilda for elegant lady' [5838-Views]
Pan Emirates Home Furnishing welcomes Autumn with its new collection [5758-Views]
Trade Up Your Old Device For the Next Level Power Galaxy Note10 [5405-Views]
The art of knurling [5130-Views]
Breitling Announces Partnership With Etihad Airways [4990-Views]
Union Coop constructs two commercial centers in Al Badaa (Jumeirah) and Barsha 3 [4850-Views]
RSS Facebook Twitter LinkedDin
Top Sections
Top Stories