European Cosmetics Company Sets up Facility at Dubai Airport Freezone

PERFUMES Y DISENO is a European cosmetics and Perfume Company which has invested and setting up a distribution office in the Middle East – PYD Middle East Distribution FZCO. They have initially invested an amount of AED 11 million at Dubai airport Freezone. There is a phenomenal growth in this industry sector; however, the company is trying to take advantage of it. The Managing Director, PYD Middle East Distribution FZCO, Mr. Bashir Tahboub said: “Growth in cosmetics and perfumery business in this market has grown tremendously in the last couple of years up to as much as 10 times in value and we have set up a regional office at Dubai Airport Freezone to take advantage of the fantastic growth and opportunities available in this market.”

He further added: “PERFUMES Y DISENO is a major European cosmetics and Perfumery Company established 25 years ago in Madrid, Spain. The group's turnover last year was AED 552 million (US$ 150 million).” Three brands are represented by the PYD Middle East which are: J. Del Pozo, Roberto Verino and Tous. PYD is further planning to open tie ups with other retail chains in the UAE and over the entire Gulf.

The Director of Marketing at Dubai Airport Freezone, Mr. Ibrahim Ahli welcomed the addition of PYD Middle East at DAFZ, “PYD Middle East is a welcome addition to our growing list of international companies. At Dubai Airport Freezone we have a diverse mix of cosmetics and perfume companies to, electronics and IT, air charter, logistics companies to pharmaceutical all of them taking advantage of the well developed facilities at Dubai Airport Freezone for doing business and its strategic location and position of Dubai as a business hub in the Middle East. Most of our clients are long term tenants and recently, we have seen an increase in the number of international companies increasing their office space in anticipation of a rebound after a severe global economic downturn.”