Malabar Gold & Diamonds plans to expand into the UAE and the MENA region during 2018.

The India-based company will inaugurate 11 showrooms which will be distributed over six countries on Friday, 12 January, according to a statement.

Another eight showrooms will be opened in the GCC and the total showrooms will be 208 across nine nations.

The showrooms will be in Qatar, Oman, Singapore, Malaysia, India, and the UAE.

“The opening of 11 showrooms in a single day across six countries reflects our strong conviction and confidence in the overall growth of the gold and diamond sector, despite challenging circumstances in certain markets,” Malabar Group chairman MP Ahammed said.

-Mubasher