Credo to launch rolling product exhibitions
Qatari investment subsidiary presents to interiors markets across the region
Credo, a subsidiary of
Qatar’s Loyalty Business Development & Investment (LBDI), has ambitious
plans to roll out its collection of around 80 Italian brands of lighting and
furniture across the Middle East, with showrooms showcasing the products in
rolling three-month exhibitions.
The firm, which began
in lighting and then moved onto other product areas, is now responsible for
trading everything ranging from lighting to furniture, bathroom accessories and
sanitary ware.
Mohamed AlKhayat, MD
of LBDI, says: “We will have Credo in every country in the Middle East as a
daily exhibition – every three months you will have a new exhibition, and every
day you will have new companies there, so you will attract people to see what
you have that is new.”
“For the furniture,
our showroom is currently showing our commercial brands, say for furnished
apartments - not for the palaces - but after three months we will have
something different.”
Khayyat says the idea
is to create a living, breathing daily exhibition that is continuously changing
and where there is always something new and exciting for the consumer.
Khayyat, adds: “LBDI has been set up to fill gaps in the market, and there was certainly
a gap in furniture, so we started to think about where to start in terms of
projects, retail and wholesale and what we developed was the idea of Credo.”
For now at least, both note the emphasis is
on winning project contracts
rather than on retail, although customers are welcome to visit the showroom and
request to purchase the products.
Commenting on supply,
Mohamed Khayat adds: “We have a huge stock - for everything that we have, and
right now in the showroom we have five companies for furniture, ten for
bathroom accessories and sanitary ware, four for kitchens and two for
decorative lighting.”
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