A Swiss company announced the cancellation of its project to establish a chocolate museum in the Emirates, which was planned for 2028, citing geopolitical tensions in the Middle East and their negative impact on retail sales directed to travelers, with the decline in passenger numbers at Dubai and Abu Dhabi international airports, while emphasizing that the Gulf remains a strategic market and re-evaluating opportunities when the situation stabilizes.
AI-generated summary
The Swiss company has been negotiating for two years with government agencies in the UAE to expand its 'House of Chocolate' concept globally, which includes a 9-metre-tall chocolate fountain similar to branches in European capitals.
This decision came to reinforce the growing fears of the repercussions of geopolitical tensions in the Middle East region, and their direct impact on the investment environment and tourism movement.
The project, which took about two years to negotiate with government agencies, aimed to expand the company's "Chocolate House" concept globally.
This concept includes distinctive attractions, the most prominent of which is a 9-meter-high chocolate fountain, similar to similar branches that the company recently opened in some European capitals.
The company explained, in a statement issued by its headquarters in Switzerland, that this decline comes “in light of the current geopolitical situation,” as the regional repercussions have begun to negatively affect the sales performance of the retail sector directed to travelers, with a noticeable decline recorded in the number of passengers passing through Dubai and Abu Dhabi International Airports.
This project was scheduled to see the light in the second half of 2028, noting that construction work had not yet begun.
However, the company stressed that the Gulf region remains a very important strategic market for it, indicating that it will continue to monitor developments closely, and will re-evaluate investment opportunities as soon as the situation on the ground stabilizes and economic and tourism indicators improve.
AI outlook — possibilities, not facts
The company will re-evaluate investment opportunities in the UAE as soon as the geopolitical situation stabilizes and economic and tourism indicators improve
Likely · Within months

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