Panda Hyper Expands In SaudiMarch 2006 | Company News Alert
Savola Group has announced the opening of its fifth Hyper Panda market in the Saudi Arabian city of Jeddah, at a cost of SAR235mn (US$62.7mn). The company hopes to be operating 20 Hyper Panda outlets within the next five years and has stated that the hypermarket format will be its main driver of growth. This is part of Savola's strategic plan in the retail sector, as the company's goal is to increase the number of Panda supermarkets to 100 by 2010.
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