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Chinioti Furniture
ataleeq@gmail.com / +923007112617
Description of project
• Research report by ITC funded by EU
• Actual
– Bed sets, chairs, tables, showcases, computer tables,
partitions
– Handicrafts
• Animals, showpieces, clocks, chairs, tables
• Augmentation
– Fire resistant
– No woodworm
– Weather protection
Product
Bed Sets
Product
Showcases
Product
Computer Tables
Show Pieces
Product
Chairs
Product
Trolleys
Partitions
Product
Tables
Product
Doors
Market Summary
Dubai is the selected market to start business
operations
• Population
• Economy
• Tourism
• Construction
• GOVT Policies
Market Summary
The estimated value of construction contracts awarded
during 2005 was Dhs.58.8 billion (US$16.0 billion). By the
end of 2006, this figure is expected to have reached
Dhs.114.1 billion (US$31.1 billion) and by the end of
2007, the value is forecast to reach Dhs.120.2 billion
(US$32.8 billion). By emirate of the UAE, estimated
project value is distributed as follows
Market Summary
POPULATIOIN
• The resident population of Dubai increased by
292,000 in 2006 to become 1.422 million14 and
is expected to grow to 2 million by 2010, doubling
to 4 million by 2017.
• Western expatriates, highly-educated workers in
the Nourishing service industries.
• The Richville advisory Group report expects the
population to double to 2.5 million by 2010 with
an additional demand for 480,000 residential
units.
Market Summary
ECONOMY
Gross National Income (GNI) per capita in the UAE
has risen from $19,270 in 2000 to $23,770 in
2005. GDP growth was a positive 5% in the year
2000, rising to 8.5% in 2004. Foreign Direct
Investment in Dubai increased by 100% in the
period 2004-2005 to USD 18 billion.17 Dubai has
continued to expand its trading relationships both
with the West and the East.
Market Summary
TOURISM
• In the early 90s, the number of tourists visiting
Dubai was 30,000, by 2003 this had gone up to 5
million. In 2005 Dubai had 6.2 million visitors
generating over $9 billion in hotel revenues. The
government aims to increase the number of
arrivals to 15 million by 2015.
• Dubai government forecasts that foreign visitors
to the city will rise from 5.4 million in 2004 to 15
million in 2010.
Market Summary
CONSTRUCTION
• $2 billion Dubai International Financial Center, a
huge office complex rumored to include a major
skyscraper
• $2.5 billion expansion of the Dubai International
Airport
• $3 billion Palm Island project
• $1.6 billion Dubai Marina leisure and residential
development
• $1.6 billion Festival City mixed-use development
Market Summary
GOVT POLICIES
Free trade is another important cornerstone of
the Dubai economy. Dubai has eight established
Free Zones within which companies can operate
free from the burden of taxes. There is no
corporation tax. There are also no foreign
exchange controls, quotas or trade barriers. The
Dirham is freely trade-able and pegged to the
USD.
Market Potential
• The biggest tradeshow in Dubai this year will not be
the huge Gitex computer exhibition, but the Index
furniture and interior design show.
• Furniture and interior products imported into the Gulf
rose by six per cent last year and 10% in 2000,' said
organizer Joe Berger of Index Exhibitions. Within the
past 10 years this exhibition has grown six fold.
• There are plans to build 150 more hotels over the
next five to seven years, expanding the number of
hotel rooms from 20,000 in 1990 to 55,000 in 2008.
• Dubai technology and media free zone will employ
around 50,000 staff within two years,
Market Potential
What is immediately obvious from these
figures, is that the vast majority of
construction projects are centered in the
Emirate of Dubai. However, the table and chart
also show that, while projects in Dubai are
expected to tail off in 2007, they are expected to
grow considerably in future.
Field Strengths of Pakistan
• Cultural Handwork
• Low-cost labor with better carving skills
• Durability of products
• An image of Introducer of Asian furniture culture
• High class image
Promotion
• Advertising
– Celebrity testimonial
– Media channels
– Shopping channels
– Billboards
– Business Newspapers
• Public Relations
– Interior Decorators
– Construction Companies
– Leasing Businesses
Promotion
• Sales promotions
– Exhibitions
• Direct Marketing
– Catalogues
– Direct mail
– E-mails
Promotional Budget
Distribution
Total budget 15,000,000.00 PKR
Rewards
By starting business in Dubai a fundamental
reward would be
18,800,000.00
Financial Plan
Promotion %age of budget Total budget
15,000,000.00
Revenue
Inflow Unit Sold per unit price
Bed sets 7 300,000.00
2,100,000.00
Handicrafts (3,750,000.00)
(3,750,000.00)
Showcases 10 1,500,000.00
15,000,000.00
Chairs 20 75,000.00
1,500,000.00
Tables 10 100,000.00
1,000,000.00
Doors 15 1,500,000.00
22,500,000.00
42,850,000.00
Future plans
• Near term