As UAE-based Lulu opens its seventh hypermarket in Bahrain, Spinneys announces its decision to grow further in Egypt and petrol forecourt operator ENOC sets out plans to expand in Saudi Arabia.
Lulu opens new hypermarket in Bahrain
Lulu has opened its seventh hypermarket in Bahrain, located in the recently opened Atrium Mall in Saar. The hypermarket will serve residents of Budaiya, Hamala, Saar and Janabiya and visitors from Saudi Arabia, given its proximity to the King Fahd Causeway that links to the two countries.
The 9,300 sq. m store is equipped with modern technology and offers a range of value-for-money products. There are also promotions offered to celebrate its opening. Lulu hopes to open a “new project in the Muharaq Central Market” by the end of Q2 2019, which will play a role its aim to increase its retail store network to 200 by 2020. At the opening, LuLu’s chairman and managing director, Yusuff Ali M A, said LuLu had invested BHD125m (US$330.5m) in Bahrain on the opening of its seven hypermarkets and one shopping centre.
Yusuff Ali M A, also commented, “The opening of the 156th Lulu hypermarket in the Kingdom of Bahrain and the seventh in the country is a moment of great pride for us. It is a sign of our steady confidence in the bright future of Bahrain and our commitment to be a part of the progress of the Kingdom”.
Spinneys Egypt plans 2019 expansion
Meanwhile, Spinneys Egypt has said it will implement an aggressive store rollout strategy in 2019. Spinneys’s CEO Mohanad Adly said, “Next year, we will be looking at locations not just in Cairo, but across various other cities as well”.
Adly said Spinneys has quadrupled its store network in Egypt between 2014 and 2018. The new Spinneys Shorouk store was the most recent addition, opened on 4 November. The retailer said the new store reflects Spinneys’ “ongoing commitment to the Egyptian market” and has been well-received by residents.
Enoc planning Saudi Arabia expansion
UAE-based, forecourt operator Enoc is aiming to open 45 new forecourts in Saudi Arabia over the next five years. The company already operates 14 in Saudi Arabia and will be looking to grow its presence nationally. In the short term Enoc said it would focus its expansion in Saudi Arabia’s central region, mainly in Riyadh and the Eastern Province.
Over the course of the whole five-year period, Enoc said the new stores would be ‘strategically built on Saudi Arabia’s vast network of highways’ that connect its 13 provinces and link Saudi Arabia to the wider region. Commenting on the initiative, Enoc’s group chief executive officer, HE Saif Humaid Al Falasi, said: “Our plan to expand our retail network by over 220% in the next five years is aligned with the Saudi Vision 2030, which aims to reduce oil dependency, increase privatisation, and implement the Saudi nationalisation scheme.”
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