Leading retailers Al Sayegh Brothers, is planning to open six more Electronics For You (e4u) outlets by 2010  according to a top official, a report said.

The company which is part of the Abu Dhabi-based Al Sayegh Group, is investing Dh40 million in this expansion drive, according to a Gulf News report.

'We are promoting a new identity in retailing concept. We are targeting tech-savvy youths in the country. It will be different from the rest and we want customers to be our patrons. It will be multi-branded electronic products,' said Iqbal Hussain, vice-president of Al Sayegh Brothers.

Al Sayegh has already reserved space in a number of upscale malls under development, including Marina Mall, City of Arabia, Zabeel Mall and Sports City.
 
'Sales are growing and people are spending. We see more good days on the way. We are gearing up to handle bigger volumes. The retail industry is expected to grow by about 25 per cent this year. Dubai is the distribution hub for other countries. So the retail industry plays significant role in boosting UAE's economic growth,' Hussain said.

The company posted revenues of Dh240 million for the first half of this year, an increase of more than 30 per cent against last year. For 2008, it forecasts revenues of Dh500 million, a 35 per cent rise over 2007.

Al Sayegh Brothers will unveil the largest exclusive LG brand showroom in the world at the Mall of the Emirates spread over 5,600 square feet in October. It will have an operating cost of about Dh10 million a year, Hussain added.