Grand Mart Group soon to enter Saudi market

24/03/2014 07:25 AST

Grand Mart Group, a Qatar-based fast growing retail chain, is making its entry into the Kingdom with the opening of its first outlet in Dammam on April 17. It will open another outlet in Riyadh soon.

At a launch function held at Sheraton Hotel here Thursday, Grand Mart Group Managing Director Ismail Chakarath said that the group has tied up with Al-Amoudi Group as their local partner. He said the Gand Mart Hypermarket in Dammam will be a state-of-art facility, spread across an area of 10,000 sq. ft. The hypermarket will primarily target families with a special focus on expatriates’ requirements. The facility will cover an array of services like foodcourts, children’s play area, exchange and salon. The Hypermarket will have an assortment of more than 45,000 articles on its shelves.

In Riyadh, the Hypermarket will be opened near King Fahd Internationail Stadium. Compared to Dammam outlet, this will be a little smaller outlet with a retail area of around 40,000 sq. ft. with more than 14,000 articles on its shelves catering to the needs of families from different countries and different ethnic groups. The launch ceremony was also attended by Grand Mart Group Chairman Jassim Thamer Iesa Thamer Al-Thani and Al-Amoudi, Group Chairman Abdul Rahman Ahmad Al-Amoudi.

Grand Mart Group is one of the fastest growing groups in the GCC with presence in retail, wholesale, travel and tourism, restaurants, bottled water, bakery products, IT services, refrigeration and air-conditioning solutions, etc.

The retail division of the Grand Mart aims at enabling the end customers to benefit the maximum, from the company’s expertise in distribution of goods and services. The company started retail division in 2005 by opening its first supermarket in Souque Al Faleh called Pinoy Supermarket which was primarily focused on Filipino customers. Soon enough another venture in Al Khor called Sealand Hypermarket was launched, now both of these stores renamed as Grand Mart

Saudi Gazette
Economic and Business News
2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | News Archive
Most Viewed Companies
Ticker Price Volume
SAGRINSURANCE 30.61 1,681,287
SABIC 89.74 5,957,234
ALMARAI 81.24 381,301
STC 66.95 405,630
RIBL 12.54 334,309
TAWUNIYA 82.11 681,149
EEC 30.43 1,971,179
Recent News

Removal of subsidies may impact property market
The removal of fuel and utility subsidies in Bahrain is likely to have a long-term impact on industrial and residential property markets, according to real estate consultancy Cluttons.


Alba appoints new manager
Alba has announced the appointment of Mohammed Khalid as the new manager for customer services and marketing operations.

In his new role, Mr Khalid will oversee customer service operations

KMC to sponsor major Gulf construction expo
The Northern Gulf’s leading annual expo for the GCC’s construction sector, gulfBID 2016, has secured strategic sponsorship from Kuwaiti Manager Contracting (KMC), it was announced yesterday.

Saudi Arabia’s building and construction exports grow by six per cent
The domestic export of construction and building materials and products grew at a constant rate of six per cent per year, reveals a senior official.

Feras Abalkhail, marketing and corporate

UAE Exchange celebrates its 35th anniversary
In a first-of-its-kind initiative, UAE Exchange, the leading global remittance, foreign exchange and payment solutions brand, celebrated its 35th anniversary by felicitating 35 of its oldest valued c

GulfBase GCC Index
Search By
  • Company Symbol
  • Company Name
  • Mutual Fund Name
  • News Content
Send this page to a friend


Looking ahead, what change you are more likely to make in investing in your domestic stock market?