Dubai, United Arab Emirates, 10 February 2015: INDEX Trading & Investment (ITI), a member of INDEX Holding, signed a cooperation agreement yesterday with ksn Corporation of Japan at the headquarters of the INDEX Holding in the city of Dubai, on the sidelines of their participation in Gulfood Exhibition. The collaboration between INDEX Trading & Investment and ksn Corporation will allow UAE residences more access to high quality Japanese tea, cakes, confectionaries and other frozen goods.
The agreement was signed by Mr. Motonobu Nagai, Chairman of ksn Corporation and Eng. Anas Al Madani, Vice Chairman & CEO of INDEX Holding. This agreement will allow more of Japan's finest food products to be available in the UAE retail outlets. The Japanese food products will include the Wacoro Tea, a premium green tea from Japan with 6 different flavors, a Japanese traditional rice cake (Mochi) in various flavors, and Japanese traditional sweets like the fish shaped black sesame sweets and fish shaped strawberry sweets to name a few.
It is worth mentioning that according to the Dubai Tea Trading Centre (DTTC), the UAE consumes an estimated 7 million kg of tea annually. While according to a report released in 2014 by Dubai Commodities Centre, the UAE is ranked the largest re-exporter of tea globally with over 60 per cent of the world’s market share.
Commenting on the agreement Eng. Anas Al Madani, Vice - Chairman and CEO of INDEX Holding said: “We are excited about this collaboration, as we are always keen to affiliate with qualified international organizations. We strive to expand our business ties outside our region to enrich the UAE market with high quality new products.”
Eng. Anas added: “According to the latest economic international reports, the international UAE's trade with Japan recorded 162 billion dirhams during the period of 10 months in 2014, equivalent to a growth rate of 5.8% per year, of which the food sector trade alone recorded 150 million dirhams for Japan's exports of food to the UAE. As a result, we look forward to this cooperation to expand our reach to Eastern Asia and to acquire a share of this promising market. I sincerely believe this successful cooperation will encourage us to chase more business opportunities that will allow us to better serve our region.”
From his side, Mr. Motonobu Nagai said: "Many Japanese companies are trying to enter the Middle East market; it is our great honor to have this opportunity to work with INDEX Trading & Investment. Our mission is not to just sell products; we also want to spread the Japanese culture to other parts of the world."
INDEX Trading & Investment (ITI) commenced its operations in 1983. ITI provides exclusive partnerships which allow their partners to make strategic and profitable investment in specific sectors, as well as bring business opportunities and returns to their partners.
ksn Corporation was established in Japan in 2013. ksn Corporation is a producer of the WACORO brand which offers Japan's finest food products. WACORO offers the range of selected high quality and healthy Japanese products including green tea, unique confectionaries and cakes, and other food-related items. ksn Corporation is committed to deliver new options for the people and the market of the UAE and other parts of the Middle East countries.
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Suzan Mounzer
Media and PR Executive
Media & Marketing Department
Tel: +971 43624717
Mob: +971 569070443
E-mail: suzan.mounzer@index.ae
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