Union Coop, the largest consumer cooperative in the UAE, has opened its 23rd branch in the Jumeirah 1st area at a cost of AED42 million ($11.43 million) as part of its expansion plans.
The new branch, which occupies a strategic location, aims to be an exceptional family destination for residents and visitors of Jumeirah and the surrounding areas, moreover, a special promotional campaign was also launched on the occasion of its grand opening, with discounts of up to 75% on various categories of products.
The branch was inaugurated by the CEO of Union Coop, Khalid Humaid Bin Diban Al Falasi, in the presence of Ali Bin Abdullah Al Shafar
- Chairman of Al Shafar Investment Group, and Department Directors and Managers and employees of Union Coop, along with a number of officials and suppliers, in addition to shoppers and consumers of all categories of the society.
Al Falasi stressed that the opening of the new branches sequentially and according to well-thought-out plans is strong evidence of Union Coop’s commitment to finding diversified family shopping destinations that follow and is designed as per the best international standards and practices and meets the needs of shoppers from all social groups.
He also highlighted that this expansion is in line with the rapid development of the retail sector in the country, further elaborating that with the opening of the 23rd branch of Union Coop, its strategic stock of goods will increase by 40%, making it sufficient for the needs of the residents of the Emirate of Dubai for a period of 6 months.
He continued: “Despite the challenges posed by the Covid-19 pandemic and its impact on some sectors, Union Coop was able to transform the challenges into investment opportunities, while it continues to implement its strategies to achieve its vision and objectives, and adhere to its operational agenda to provide services at a high level that meets the aspirations of consumers, supports the retail sector and enhances its capabilities in the country, to create greater and wider options, open to all consumers.”
Regarding the details of the new branch, Madiya Al Mari, Investment Division Director at Union Coop, said the new branch in Jumeirah 1 includes a basement, ground and first floor with a total built-up area of 105,533 sq ft, pointing out that the project also includes a Union Coop showroom on the first floor covering an area of 25,278 sq ft and several shops on the ground floor, in addition to 61 parking spaces distributed on the basement and ground floors.-- TradeArabia News Service
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