Doha, Qatar 14 May 2012:
Al Meera Holding Company LLC (owned 99% by Al Meera Consumer Goods Company QSC and 1% by Al Meera Supermarkets Company), has come to agreement with Qatars Business Trading Company (BTC) that ensures the presence of Al Meera-branded outlets in BTC projects abroad.
"We are delighted and honoured to join forces with BTC, a pillar of the Qatari economy," said Al Meera's Deputy Chief Executive Officer, Dr. Mohammed Nasser Al Qahtani. "BTC has an untarnished record of delivering successful real estate projects in the country and we know that success will be translated to their projects outside of Qatar as well. We look forward to playing a role in their successes."
BTC, established in 1997, is a multi-million riyal holding company behind iconic real estate projects such as the Landmark and Villagio malls. The agreement with Al Meera will guarantee the retailer's presence in all of BTC's projects in Tunisia, Libya, Egypt, Jordan, Oman, and other markets. The MOU is in line with Al Meera's aggressive expansion plan, initiated earlier last year.
"Our expansion strategy calls for increasing our presence both in Qatar and abroad," explained Dr. Al Qahtani. "Therefore, it is in our interest to partner up with well-established companies such as BTC to see our plan through. Just like BTC, we are looking to share our successes in other markets. At the end, our expansion plan is for the benefit of all our stakeholders - particularly our shareholders. And of course, our plan benefits Qatar as a whole, for all our outlets abroad will, in a way, be 'goodwill ambassadors' for the country as we spread its message of economic success and development."
For more information about Al Meera, please visit www.almeera.com.
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For further information please contact:
Krikor Khatchikian
Group Account Director
Cohn & Wolfe
Doha, Qatar
Telephone: +974 4428 3177
Email: krikor.khatchikian@cohnwolfeqatar.com
Press Release 2012
