Dubai International Chamber helps Senco Gold and Diamonds make its first foray into UAE market

Dubai International Chamber helps Senco Gold and Diamonds make its first foray into UAE market

DUBAI, 3rd July, 2023 (WAM) – Dubai International Chamber, one of the three chambers operating under Dubai Chambers, has successfully assisted Senco Gold and Diamonds in establishing its presence in Dubai. The company is a household name in India, with 139 showrooms and a trusted reputation spanning five decades. Senco boasts an annual turnover of around US$450 million, and the company’s showroom in Dubai will be its first outside of India.

Commenting on the achievement, Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, said, “Senco’s story represents a perfect outcome for all concerned. We are delighted to have helped such a prestigious Indian company – one of the most respected jewellery brands in the entire sub-continent – to take advantage of the opportunities available in Dubai’s thriving gems and jewellery sector. Dubai International Chamber has had a representative office in Mumbai since 2018, and we remain committed to assisting our members to trade with India, as well as helping Indian companies understand all the benefits of setting up business in Dubai.”

Suvankar Sen, MD and CEO, Senco Gold and Diamonds, said, “For our global expansion plan, it could not have been any city other than Dubai, "the city