As the Federation of the Swiss Watch Industry FH releases the first quarter Swiss watch import reports for 2011, the figures position the UAE among the top 10 importers of Swiss timepieces. The report shows that the UAE has already reached 175, 500, 000 Swiss Francs in Q1 of 2011, building on the total global figure of 578, 500, 000 in 2010, illustrating an optimistic boost for the local market. Compared to the 2010 numbers, the report indicated a healthy growth in the first Q1 although compared to the 2009 figures, the UAE has achieved a 81.5% growth.
� 2011 Al Bawaba (www.albawaba.com)
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