Saudi Arabia's Alhokair eyes 57 new F&B outlets, 50 more retail stores
Published 25 Mar,2021 via Arab News - Economy DUBAI - Saudi retail conglomerate Fawaz Abdulaziz Alhokair Co. (Alhokair) is moving forward with an ambitious expansion plan, aiming to open around 57 food and beverage outlets in the next 12 to 16 months, and at least another 50 retail stores in the fashion, cosmetics, beauty and sports sectors, the company’s CEO told Arab News.
“We are always exploring every interesting brand that has a future potential, ‘omni-chanellable,’ ‘Instagramable,’ and has a potential in the Saudi market,” Marwan Moukarzel, CEO of Alhokair, told Arab News, adding that he aims to add another two or three international brands in the coming weeks.
During the last 12 months, Alhokair added brands like Kiko in the cosmetics space and Decathlon in sports and leisure space. The first Decathlon store in Saudi Arabia will be a 3500 square meter store at the Mall of Arabia in Jeddah.
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