SABIC localization scheme to add $2.35bn to Kingdom's GDP :

SABIC localization scheme to add $2.35bn to Kingdom's GDP


KSA’s Alhokair eyes 57 new F&B outlets, 50 more retail stores
Group aiming to open around 57 food and beverage outlets in next 12 to 16 months, at least another 50 retail stores
Updated 25 March 2021
March 25, 2021 19:43
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.

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