Dubai-based company eyes ambitious expansion plans in UAE

Dubai-based company eyes ambitious expansion plans in UAE

Gulf Today, Staff Reporter The Dubai-based Aras Group has announced its ambitious plans to pump more investments into the UAE market due to huge demands, higher returns and strong investors’ confidence. Aschraf Mahmud, CEO, Aras Group echoed that his company is looking forward to expand its footprint in the UAE by opening more restaurants across the country soon. Aras Group has recently opened its first franchise of the German restaurant “Haval Grill” located in Dubai, Jumeirah Street. Mahmud further elaborated that he is also planning to launch his second real estate project by the end of this year in the UAE, in addition to a number of other projects in various fields, including tourism and luxury car rental. Aschraf Mahmud. “The company has allocated a budget of Dhs100 million to invest in a number of new projects and by signing a number of investment deals with India and the UAE,” Mahmud added. He mentioned that Dubai is a hub for investors due to supportive and encouraging atmosphere provided by the UAE government to the local and global investors. “The company has launched its first project ‘Aras Residence’ in 2019 under the title "Family," to target a specific segment of clients