Taiwanese facial sheet mask manufacturer Timeless Truth has signed a cooperation agreement with INDEX Trading & Investment allowing the distributor to supply its products to major retail outlets across UAE and Dubai. The deal was prompted by the positive response received when Timeless Truth Gulf exhibited its product range at the Dubai Derma 2015 in April.
Commenting on the agreement, Anas Al Madani, Vice Chairman and CEO of INDEX Holding, said: “INDEX Trading & Investment is always keen to introduce top-tier products to the UAE market through its network of international business partners. Today, we are pleased to be Timeless Truth’s exclusive country distributor in the UAE.
“Recent figures released by Euromonitor International indicated that the beauty and personal care industry in the UAE is booming, with overall spending expected to reach US$1.3 billion (Dh4.77 billion) by 2017. Sales of beauty products in UAE benefit from a number of factors, including high disposable income levels in the country, a strong shopping culture, and huge influx of tourists. Therefore, we are confident that these distinctive skin care products will do well in the UAE market.”
Simon Han, Chief Operating Officer of Innovex General Trading, representing Timeless Truth in the region, added: “INDEX Trading & Investment’s deep commitment to the medical industry and innovative health care products is something we look for and respect. This is why we are partnering with them to introduce Taiwan’s most extraordinary products to the UAE market.”