The Business of…2010’s best companies
Business has been bad in 2010, but not for all. Kipp looks at the year’s business success stories, from Dubai’s online retail scene to pretty much anything in Qatar.
December 28, 2010 12:34 by shafeer
With expansion plans that can only be described as aggressive, 2010 was a great year for the growing Landmark group. This October the group announced the future acquisition of three companies in deals worth a total of $1 billion that will be completed in the coming year, and a $150 million (Dh550.8 million) expansion across the Middle East to take place in the next three years, according to the National.
The announcement followed a the very public acquisition of the local franchise of the largest privately owned health club group in the world, Fitness First, from Saudi group Alhokair Group. Landmark absorbed all of the 16 Fitness First outlets in Bahrain, Qatar, Jordan, Saudi Arabia and the UAE (which has 11 branches of the franchise), according to Emirates 24-7. So you could say Landmark is looking pretty fit.
Online food ordering gains traction
Oil plunge slows Gulf deposit growth
The UAE’s 5 new out-of-the-world real estate projects
UAE to offer more jobs in 2015
Central bank chief says UAE benefiting from strong dollar