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 19.81 428,388
SECO 16.68 2,770,032
SABIC 79.84 10,142,342
RIBL 14.85 3,313,773
ALKHODARI 18.6 1,044,773
JULPHAR 2.55
STC 60.69 1,117,329
Recent News

Bahrain corporate earnings ‘set to grow 6pc this year’
Bahrain’s corporate earnings growth for the whole of this year is expected to be robust at six per cent, when compared with last year, according to a leading regional investment bank.

I

Corporate governance to be probed at major forum
Bahrain-based General Council for Islamic Banks and Financial Institutions (CIBAFI), a global association of Islamic financial institutions, yesterday announced it is partnering the World Bank to co-

Sharjah Islamic Bank reveals its Online Promotion
As part of its drive to encourage more customers to utilize its online banking services, Sharjah Islamic Bank is set to launch a promotional campaign offering customers chances to win 20 iPad Air 2.<

RAK Free Trade Zone targets new markets to increase investments
RAK Free Trade Zone revealed new plans to attract more investment, especially from Europe, Asia, America and Australia.

The Free Zone announced a rise in the number of registered companies t

Bank Sohar holds Al Mumayaz Saving Scheme 21st weekly draw at Ibra
Continuing with its year-long branch-wide tour, Bank Sohar conducted its most recent Al Mumayaz Savings Scheme Weekly Draw at its Ibra Branch on August 20. Continuing to offer more chances, more winn

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

Poll

Which of the following do you think is the best long-term investment?