As LuLu, Al Othaim and Adnoc announce they are to continue their expansion, we round up news from the region.
Majid Al Futtaim renews MoU for locally grown products
UAE-based Majid Al Futtaim has renewed its Memorandum of Understanding (MoU) with the locally based Ministry of Climate Change and Environment (MOCCAE). The MoU sees Majid Al Futtaim commit to promote and sell locally grown agricultural products in all the Carrefour stores it operates in the UAE. Discussing the MoU Majid Al Futtaim Retail’s Carrefour UAE country manager, Philippe Peguilhan, said: “ We want local farmers to know that if they grow it, we’ll buy it, benefiting not only the environment but our customers as well, who are increasingly keen to lead farm-to-table lifestyles.”
Al Othaim continues expansion in Saudi Arabia…
Al Othaim has opened its 225th store in its home market, a 1,450 sq. m supermarket, in the Al-Qassim region. The retailer said the new store underlined its commitment to continue expanding in the country. In the announcement discussing the store, the retailer said: “The new opening is a clear demonstration of the aggressive expansion strategy that our company adopts to achieve growth in its branch network both domestically and on the international level.”
…As LuLu opens a new store in Qatar
LuLu has added its 10th store in Qatar, a 11,000 sq. m hypermarket, in the Al Hilal area. The retailer said the new store looks to meet the needs of today’s local shoppers with a range and layout focused on their convenience. In addition to the retailer’s standard range it said it had given a special emphasis to speciality food, fruits and vegetables and had dedicated space exclusively to vegan food.
Discussing the opening of the store, a spokesperson said: “Lulu Hypermarkets have always been in the forefront to experiment innovations when it comes to consumer’s choice and health. We have been increasing our range of organic, vegan, free from and other specialty areas over a period with a view to have even more choices of vegetables and plant-based options in our store.”
Adnoc Distribution reports revenue decline in Q2
Adnoc Distribution said revenues declined in Q2, by 5.2% to AED5.5 bn (US$ ). As the company announced the results its acting chief executive Saeed Al Rashdi said it remained committed to ‘the acceleration of our domestic network expansion, particularly in Dubai, and the growth of our non-fuel business to provide a superior experience to our customers’.
In H1 the company said it had added three new stations in the country, taking it to a total of 379 by the end of the period. It said its opening programme kept it on track to open 20 to 30 new stations across the Emirates in 2019, focusing on Dubai. Meanwhile, the company’s convenience store estate reached 262 stores across the UAE, with 12 stores added across the Emirates and 10 added to existing retail outlets in Q2. The company also said it operated 14 Géant Express convenience stores and 12 Oasis Cafés.