Qatari retailer plans seven new neighbourhood malls
Qatari retailer Al Meera Consumer Goods Company has announced that it has signed an agreement to build seven new neighbourhood shopping malls.
The deal has been struck with Al-Aliaa Trading and Contracting Company and Al-Muftah Trading and Contracting Company, it said in a statement.
According to the agreement, Al-Muftah Company will build three new malls for Al Meera at Rawdat Ekdeem, Al Azizia, and Zakhira.
Al-Aliaa will handle the construction of the four other malls at Al Wajba, Muaither, Al Wakra, and Al Thumama.
Guy Sauvage, CEO of Al Meera, said: “we are pleased to sign this agreement with Al-Muftah and Al-Aliaa companies, the two leading companies in their field, to support our expansion plan.
“The progress of Al Meera will benefit all in Qatar, shareholders and consumers, especially that Qatar was and will remain the major market for our retail company”.
He added: “The goal of our expansion is to make everyone very close to Al Meera stores everywhere in Qatar before the end of next year. Al Meera will continue in rehabilitating its old branches and maintaining them to fully transfer to the new innovative concept.”
Ayman Khaled Mahmoud, managing director of Al-Aliaa, said: “Building new retail stores is very important to serve all areas in Qatar. Al Meera, within its expansion plan, will add branches to the various areas of Qatar to reach all consumers.”
Ibrahim A Al-Muftah, managing director of Al-Muftah, added: “The expansion of Al Meera in Qatar through modern and contemporary buildings reflects the ambition of the company in enhancing a new concept of shopping, suitable for all shoppers’ needs. We are ready to cooperate with Al Meera and support it.”
Earlier this year, Al Meera completed a deal to buy the business and assets of Safeer Stores in Oman.
The company said the signing of a sale and purchase agreement, which took effect from the end of January, would see five Safeer hypermarkets and supermarkets being handed over to Al Meera to run.