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 7576 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
'Tis the Season to Be Glamorous - Beauty Essentials from! [12792-Views]
Holiday Hair-Styling Essentials from VIERRO [12786-Views]
Chloé's Iconic “Carlina” Sunglasses In a Precious New Interpretation [12780-Views]
Luxe Beauty Gifts for your Loved Ones this Festive Season [12609-Views]
Your Holiday Gift Guide for Her [12090-Views]
Homegrown Jewellery Brand Sumaya Bakkar Collections Curated Festive Gift List [11700-Views]
New year, New You with Lunette [10614-Views]
Uncovering the Beauty of Mechanics' [10614-Views]
Weather-proof your hair with HASK [10346-Views]
Free gold coins at Malabar Gold & Diamonds Festival. [9559-Views]
The Real Secret to 10 Years Younger: Argan Face Oil [9150-Views]
Eberhard & Co. and the new “Quadrifoglio Verde” chronograph, dedicated to the prestigious... [9132-Views]
OMEGA Celebrates The New James Bond Watch in New York [8638-Views]
Retrograde Fusion' [7747-Views]
Mouawad and the Miss Universe Organization Unveil the Miss Universe Power of Unity Crown, ... [7570-Views]
Berkan Steakhouse Launches in Dubai [5893-Views]
Cole Haan Makes Its Debut at Sole Dxb 2019 Showcasing Footwear Collaborations [4843-Views]
Dubai Festival City Mall Visitors In for A Jolly Festive Season Like No Other in Dubai [4715-Views]
Dubai Cares' Volunteers bring hope to children in remote village in Senegal [4490-Views]
Emotional and highly dynamic: the design of the MINI John Cooper Works GP. [4484-Views]
NYU Abu Dhabi Class of 2017 graduate Alioune Fall named as 2021 Schwarzman Scholar [4441-Views]
Best Menswear Items [4233-Views]
Love Your Skin Better with Sukin® Skincare [4227-Views]
Customs World inks MoU with Indonesia to roll out World Logistics Passport [4191-Views]
Statement Cardigans [4118-Views]
RSS Facebook Twitter LinkedDin
Top Sections
Top Stories