Al-Othaim Eyeing Domestic And Regional Expansion

Saudi Arabia's second largest mass grocery retailer (MGR) Al-Othaim has put forward ambitious plans targeting both domestic and regional expansion. By 2010 the retailer plans to enter the high potential Egyptian market and add a further 20 stores in Saudi Arabia as it bids to close the gap on the domestic market leader Al Azazia Panda. Through to 2013, BMI has forecast MGR sales to increase by 23.8% and 62.7% in Saudi Arabia and Egypt as forecasted economic development and expected investment by indigenous and regional retailers increases the scope of the formal retail

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