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AA-Postscript 2.Qxp:Layout 1 MONDAY, JUNE 8, 2015 BUSINESS KUWAIT: Ravallela Carnivalli speaks as General Manager of Peroia Design Co Basil Ashqar looks on. KUWAIT: The leading decor contracting company in Kuwait Peroia Design officials announcing its rep- — Photos by Joseph Shagra resentation of Modou Milan in Kuwait at a press conference yesterday. Peroia Design to represent Modou Milan in Kuwait ‘Kuwait the fastest growing market in GCC for interior design KUWAIT: The leading decor contracting compa- value to any work handled in different engineer- forward to further expansion within the promis- ny in Kuwait - Peroia Design -yesterday ing fields. ing local market to which all indicators point a announced its representation of Modou Milan in “The interior design market in Kuwait - one prospective growth. Proof of this lies within the Modou Milan to reflect Kuwait, by far the most prestigious company in of the most promising markets for the next five heart of the capital, which is considered the engineering and interior design located in Italy, years - presses a major challenge for competi- most attractive regions of the State of Kuwait a blend of Arab-Italian with head offices in both Dubai and Abu Dhabi tors to generate the greatest possible profits, for interior design with a total sales space of and now in Kuwait. with an estimated total area in the market of approximately 24 percent of the total Kuwaiti culture: Carnivalli Modou Milan company is one of the compa- about 3.1 million square meters distributed market. This also confirms the Kuwaiti govern- nies that made a quantum leap in the field of between all kinds of interior design market sec- ment’s direction towards transforming Kuwait By Faten Omar my Italian touch to every project I commit luxurious interior design, as it was able in recent tors such as offices , restaurants, schools, retail into a pivotal important financial center in the to and blend it with the tradition of their years to leave an outstanding imprint in interior stores, clinics, hospitals, sports and health clubs, region by 2030. KUWAIT: Dr Ravallela Carnivalli is an country to make them comfortable,” she design in the UAE. The firm is credited for under- etc ... in total, that space represents a total sales Ashqar concluded by stating that the interior entrepreneur who believed in the UAE’s said. taking most of the prominent projects in the value of nearly 290 million Kuwaiti dinars in the design market is one of the markets that are vision and invested in it. She is an art col- Modou Milan is set to open an office in Emirates, such as the Hilton hotel designs in dominated by technical elements, which gives it lector and the Chief PR Officer of Arab Saudi Arabia, and develop in Qatar. As the Masdar city in Abu Dhabi, as well as branches of the competitive advantage of distinguishing the Fashion Council (AFC). She holds an Managing Partner of her family-owned the Gucci brand, in addition to other projects in marks between different companies, and this is Economics and Business Administration businesses in Italy (Milan), UAE (Dubai the Behar market and Jumeirah Beach what Peroia Design Company seeks in its part- degree from the Statale University of and Abu Dhabi) and now Kuwait, Dr Residence, as well as some of the projects in the nership with a group of international companies. Milan as well as a degree in fashion from Al-Hamra Tower in Kuwait. Managing Partner at Modou Milan, Ravallela Mangoni Institute of Milan. General Manager of Peroia Design Co Basil Carnivalli said: “We believe in Modou Milano In conversation with the Kuwait Times Ashqar commented:”We are delighted to company that our partnership with the Peroia on the sidelines of the conference, announce this partnership that complements Design Co. will bring us the widespread expan- Carnivalli said that she began working in our expertise and services with that of Modou sion we require within the Kuwaiti market. It will the family business 15 years ago. “I started Milan company, with its large presence in the also contribute to strengthening our network by doing very normal things like cooking GCC. With Peroia Design’s pursuit to gain a with a wide range of clients, in light of the a meal for the people at office or making a greater share in the interior design market in expected growth of the enterprise market in the coffee before making it to management. Kuwait, which is the fastest growing in compari- GCC countries to $172 billion during the current In Italy, we believe we have to start from son with its neighboring countries, figures show year 2015.” scratch. Modou Milan is a family-owned that the value of interior design market in the KUWAIT: Basil Ashqar speaks during the Carnivalli also noted that Modou Milan com- company and the strategy was to shift GCC amounted to 7.35 billion dollars, Saudi press conference. pany has managed during the past years to from Milan to expand our business in the Arabia acquires 43 percent, and the UAE to 31 build their own elite reputation through the GCC countries. As a result, it began in KUWAIT: Ravallela Carnivalli during percent. next five years. “ Ashqar added. He explained implementation of projects exceeding customer Dubai about eight years ago,” she said. the interview. Ashqar pointed that Peroia Design has under- that the interior design market within the retail expectations on time and with such quality that “We do have some contracts as well for taken a number of different projects, fore-front- sector in the State of Kuwait accounts for about adheres to that of the seven stars criteria, assur- very prestigious projects like hotels. Carnivalli is the driving force behind ed by Al-Mutawa tourism and travel agencies, in 20 percent of total activity and sales for the ing that all the projects that have been imple- Kuwait has always been a place that I have Modou Milan, a premier Italian addition to a series of affiliated health and cos- coming period. mented vary between private and public sectors considered but as everybody can under- Architecture, Interior Design and procure- metic sector projects, yet most notably its Ashqar also noted that Peroia Designs and works have been executed by the Italian stand, you really cannot find a proper ment company and its joinery/fit-out restaurants projects. Ashqar highlighted the attracts many companies seeking innovative team of Modou Milan at the company’s head partner who is knowledgeable and pas- company, Modo Luxury. keenness of the Peroia Designs to provide added design with international standards, and looks office in the Emirate of Dubai. sionate enough to enter this kind of busi- The companies have a portfolio of ness, and it is very difficult to do so. The exclusive, prestigious and luxurious proj- first time I ventured into Kuwait’s market ects in Europe and all of GCC, namely: was via our office in Dubai when we hotels (currently working on Hilton India govt needs to act on designed restaurants and villas where we Masdar in Abu Dhabi), residential towers, worked either individually or with clients royal palaces, villas, corporate offices, pri- who came to visit us in Milan or Dubai.” vate resorts, commercial projects, luxury “We never really wanted to partner retail and F&B (both private and govern- reforms amid low inflation with any local company in order to devel- mental). op our business, but then I had the Modou Milan is the Design Consultant chance to meet Peroia Design, and we and Project Manager of Gucci (corporate started talking and now we are targeting office in Boulevard Tower, flagship bou- Asiya Capital Investments Report government projects, hotels, and the pri- tiques in HN and Bloomingdale in Dubai vate sector. Peroia Design knows what Mall and Mall of the Emirates); Bice By Camille Accad imports, credit and auto sales, receiv- than other products, a key indication dropped sharply - fueling annual they are doing since they have a lot of International, Meraas Holding, Marka ing a great deal of criticism, including that structural issues have not been inflation. Food prices will also face experience and I believe they will protect Group, Lababidi Holdings in Nigeria, etc. ast week’s developments from RBI Governor Raghuram Rajan. resolved. The Indian economy lacks upside pressure during the same my reputation when I give them my name Dr Carnivalli is a member of the Higher showed an Indian economy in Furthermore, statistical discrepancy adequate infrastructure, such as period, as India’s meteorological and my work,” she explained. Management of Arab Fashion Council Lgood shape with a positive out- has added 1.8 percentage points to roads and product storing facilities, department projects a second year Dr Carnivalli considers the Gulf her (AFC) a Dubai-based, London-registered look. The gross domestic product GDP growth in the first quarter. In causing supply constraints in the of weak rainfall. Finally, the US second home, “I feel really good here, non-profit organization that is: represent- (GDP) figure was released for the first terms of prices, the data is inconsis- food market and adding upward Federal Reserve is expected to hike maybe because I come from a family ing 22 Arab countries’ highest values in quarter of 2015, depicting a strength- tent between the wholesale (WPI) pressure to prices. rates sometime this year. This could which taught me the importance of fashion and style; positioning the Arab ening economy. Real GDP grew at a trigger outflows from emerging mar- knowing other cultures, religions, and tra- world on the international map of the robust rate of 7.5 percent YoY, a pick- kets like India, hurting the Indian ditions.
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