(CNN) -- Mohammed Alshaya owns more high street brands than most fashion addicts could stuff in their closets.

Mohammed Alshaya, CEO of Alshaya's retail division, tells MME he sees a new mindset in the Gulf

Topshop, Coast, NEXT and River Island are just some of the big names he's imported from the United Kingdom to shopping centers in the Middle East.

As chief executive of M.H. Alshaya, he knows what sells: tried and tested Western brands that will appeal to local shoppers.

And his empire is not limited to clothing. In the past month, he's taken Mothercare and The Body Shop to Central Eastern Europe.

With the addition of the Czech Republic, Hungary and Slovakia, M.H. Alshaya now operates in 16 markets including Saudi Arabia, Kuwait, United Arab Emirates, Bahrain, Qatar, Oman, Lebanon, Jordan, Egypt, Cyprus, Turkey, Poland and Russia.

John Defterios spoke with Mohammed Alshaya, and started by asking him for his thoughts on the Gulf Cooperation Council (GCC) plans for a single currency.

(JD): I would imagine as a retail operation you'd be a huge proponent of a single currency within the GCC. Is it realistic within the next 4 to 5 years?

(MA): I think it can be, as long as there is a will of the leaders to get together and decide. It is a huge leap towards efficiency, conciliation, getting closer between the six countries. One single Central Bank that governs and regulates is much better than the current six, I believe.

(JD): Have you ever done any calculations of what impact it would have on your back office operations?

1. Who own lots of high street brands?
2. What company does he work for?
3. What is his title?
4. What does he imports?
5. Where to?
6. And where else?
7. How many countries?
8. Who interviewed him?
9. Who did they say needed a common money?
10. How many nations are in it?
11. How much time will it take them to make it happen?

Provide a numbered list of answers.
1. Mohammed Alshaya
2. Alshaya
3. CEO of retail division
4. Topshop, Coast, NEXT and River Island
5. the Middle East
6. Czech Republic, Hungary and Slovakia
7. 16
8. John Defterios
9. Gulf Cooperation Council
10. six
11. 4 to 5 years