Blue Ocean Global ventures into manufacturing cookware
DUBAI. The UAE’s Blue Ocean Global Group has started manufacturing the Black + Decker cookware range after years of distributing the brand as well as others in the region. This could even lead to a full-scale plant in the UAE.
“The global cookware market was worth $11.84 billion in 2020, and growing at 6.99 per cent per year,” said Shahzad Ahmed, Chairman and CEO. “If we can acquire a small slice of this business, we could create employment in the UAE.”
For now, Blue Ocean Global is sourcing supplies from third-party manufacturers. “There are only two major players in the cookware category, worth around $600 million in the region and growing at 5 per cent annually” Ahmed said.