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
Oil Prices Rise Despite Higher U.S. Rig Count
Oil prices edged higher on Monday despite lingering concerns regarding U.S. supply that have kept prices within a narrow trading range despite major producers continuing to curb global supply.