footprint, UAE-based Enoc aims to grow its sales of food and beverages and Spinneys Dubai looks to buy more sustainable products, we round up news from the region.
Al Meera forecasts continued growth, despite challenging environment
In an interview with the Gulf Times Al Meera’s chief executive, Guy Sauvage, said that he expects the retailer to maintain continuous growth in Qatar and Oman, despite the drop in oil prices and the knock-on effects that this had across the region. Sauvage recommitted the retailer to opening a further 14 stores in Qatar in the longer term, expanding its presence from the 47 it operates – 42 in Qatar and five in Oman – in December 2015.
Enoc looking to target the on-the-go shopper
UAE-based Emirates National Oil Company (Enoc) has said that it is looking to grow its retail footprint in both its home market and Saudi Arabia, while also aiming to expand its range of food and beverages to target on-the-go shoppers. With its Zoom convenience stores, which are operated on its forecourts, in metro stations and on standalone sites, Enoc is benefiting from shoppers’ changing patterns to buy increasingly smaller basket sizes, more often. The fascia is set to expand in Saudi Arabia, with Enoc looking to operate 15 stores in the country by the end of 2016.
Majid Al Futtaim maintains expansion
UAE-based Majid Al Futtaim (MAF) has made two separate announcements that underline its continued focus on growing its presence in new and existing markets. First, the retailer acquired two stores in Jordan from a competitor, the Samed Group, and, secondly, confirming that its first Carrefour hypermarket will open in Kazakhstan in 2016. The 8,000 sq. m store will open in a new shopping centre and is set to be the first of at least nine hypermarkets that the retailer is aiming to add in the medium term, with it looking to open five in Almaty and at least four in Astana.
Spinneys aiming to sell more sustainably produced products
UAE-based Spinneys has said that it is aiming to source more of its fresh fruit and vegetables from local producers as part of an initiative to increase its buying of more sustainably produced products. Spinneys Dubai’s chief executive, Jannie Holtzhausen, made the announcement as the retailer launched a partnership with Global Gap, a non-profit organisation for good agriculture practises.
Aswaaq to invest strongly in 2016
Following its announcement of record revenue growth, of 15%, in 2015, UAE-based Aswaaq said that it will invest AED110m (US$29.9m) to add three stand-alone supermarkets and a similar number of community malls in Dubai in 2016. In the medium term Aswaaq said that it was aiming to grow its e-commerce operations and expand outside Dubai, while in the longer term it was targeting operating 50 supermarkets in the UAE.