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Cash Converters sets up first UAE shop in Dubai

September 05, 20122:04PM



Cash Converters is opening in Dubai where there is strong demand for buying and selling used or unwanted items. Source: AP

SECOND-HAND goods dealer and loan provider Cash Converters says it has opened a franchised store in Dubai.

It is the company's first store in the United Arab Emirates (UAE).

Cash Converters has about 130 stores in Australia and more than 600 worldwide, according to the company's website.

Its UAE general manager and licensor Fabrice Le Boulenger said there was strong demand for buying and selling used or unwanted items in the market.

Cash Converters, which is listed in both Australia and the United Kingdom, said the store was being opened by Bartergo General Trading LLC, its licensor in the UAE.