MANAMA: BinDawood Holding, a leading grocery retailer in Saudi Arabia, will open its first international branch in Bahrain next year.
The multi-format market operator announced yesterday it has signed a lease agreement with Seef Properties, to open a Danube hypermarket in the Al Liwan project.
BinDawood is supported by Investcorp, a Bahrain-based alternative investment manager, as strategic investor.
The lease agreement will see Danube occupy a 5,000sqm space in Al Liwan.
The Saudi company said the store is expected to open its doors to customers in the second half of 2021.
The foray in Bahrain is in line with the company’s stated ambitions to strengthen its leadership in the field of grocery retail.
“The new Danube hypermarket in Bahrain is a great start in gaining an international foothold and strengthening our brand by creating a new food and shopping experience there,” said BinDawood Holding chief executive Ahmad BinDawood.
“The opportunities in Bahrain, and specifically in the Al Liwan Project, is significant. We are going to be the anchor grocery retailer on this important project, providing employment for the local residents and creating healthy food options for a very large and dynamic community and the surrounding neighbourhoods. We are committed to providing our customers with a wide variety of fresh, authentic and high-quality foods, as well as the same customer service and in-store experience we are well-known for.”
BinDawood has a total of 73 stores of which 51 are hypermarkets and 22 are supermarkets, operating under the BinDawood and Danube brands located across Saudi Arabia.
© Copyright 2020 www.gdnonline.com
Copyright 2020 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (Syndigate.info).