International Day of Cooperatives 2022: Cooperatives are much more than just ‘retail’ outlets

International Day of Cooperatives 2022: Cooperatives are much more than just ‘retail’ outlets

Dubai, UAE:

On the International Day of Cooperatives, which is celebrated on the first Saturday of July since 1923 by the International Cooperative Alliance, and which this year bears the slogan ‘Cooperatives build a better world’ Dr. Suhail Al Bastaki, Director of Happiness and Marketing Department at the Union Coop, confirmed that cooperatives are not just retail outlets. It has unlimited societal contributions and has become one of the most important contributors to providing community services, pointing out that the International Day of Cooperatives, which falls this year on July 2, helps highlight the role of community cooperatives and what they have accomplished on the ground.

In addition, he indicated that cooperatives have proven to be more than capable of facing and overcoming crises, and this was proved with their ability to withstand and confront the Corona crisis from its beginning until now, by participating in activities that promote economic stability and provide all basic commodities to consumers at competitive and reduced prices, which contributed to enhancing food security and preserving the capital. In addition to strengthening societal moral values and achieving peace for individuals with their food security, noting that this year is an exceptional year for cooperatives as it coincides