Future Mattress, based in the United Arab Emirates, has announced its intention to capture 20% market share in the mattress sector in the United Arab Emirates.
This was recently revealed to the media in Dubai by Muhammad Adil Mirza, CEO of Phoenix Medicines and Future Mattress, adding that his company also wants to tap 15% market share in the pillow segment.
Mirza sees huge potential in the UAE market due to huge demands, strong investor confidence and higher returns.
He mentioned that the country presents a favorable business environment for investors and that excellent infrastructure, combined with professional expertise and personalized services, give the UAE an edge over other countries.
“The expansion also coincided with a six-month Expo 2020 Dubai held under the central theme, ‘Connecting Minds, Creating the Future’ and which defied the enormous challenge of the Covid-19 pandemic. , offering a resounding success”.
The Expo 2020 Dubai mega-event brought together investors from around the world on a common platform to discuss new avenues of investment, which has given new impetus to the economic growth of the United Arab Emirates.
Mirza said: “Dubai is one of the fastest growing cities in the world in terms of population, it has world-class infrastructure, booming tourism, strict and transparent regulations and no other city in the world offers so much variety and we are happy to follow the spirit of Dubai and bring the latest technology and design to the city.
“The company’s product line includes Bonnell Spring, Pillow Top, Euro Top, Pocket Spring and Memory Foam Mattress. The company also manufactures medicated mattresses which are helpful for people with back pain.
Asked about operations in the UAE, Mirza clarified that his company has already been operating in the UAE market since January 2021 and plans to expand soon.
“We also want international expansion and are looking for partners in Saudi Arabia, Kuwait, Oman, Bahrain and Qatar,” Mirza concluded.
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