Titan launches in Bahrain

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With a total investment of $30 million, watchmaker Titan, part of the Indian Tata Group, is set to launch its operations in Bahrain. 

This move aligns with the Bahrain Economic Development Board (EDB) agenda of attracting more than $1.1 billion in foreign direct investment from multiple companies across the world.

Titan operates several businesses including Tanishq, India’s fastest-growing fine jewellery brand.

Head of operations at Tanishq, Naresh Nair, said: “Thanks to the level of support and agility of Bahrain’s government, they made it incredibly easy for us to set up our operations in the country. We look forward to bringing our leading brands and products to Bahrain.

“We have earmarked the location of our first store and will be opening three retail outlets over a span of 15 to 18 months.

“At Tanishq, jewellery is not just a product but a manifestation of artistry and our exquisite range of gold and diamond jewellery strikes the perfect balance between traditional charm and contemporary appeal. With designs that capture the beauty and celebration of special occasions, Tanishq aims to be an integral part of every woman’s journey.”

In September, Titan announced plans to open five more stores across Dubai, Sharjah and Abu Dhabi before the end of the year taking its total number of exclusive Titan retail outlets across the UAE to 20 before the end of the year.

Chief of business development at Bahrain EDB, Ali Al Mudaifa, said: “We’re thrilled to see this leading company set up base in Bahrain and benefit from the key advantages that the kingdom uniquely has to offer.”

According to Statista, the jewellery segment in Bahrain is projected to grow by 5.23 per cent between 2023 and 2026 resulting in a market volume of $51.05 million at the end of the period.

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