The Al Meera Consumer Goods Company has expansion plans worth QR4bn in an ambitious five-year plan, which will see at least two more Géant hypermarkets and six new Al Meera stores in Qatar this year.
Guy Sauvage, Al Meera Consumer Goods Company’s chief executive officer, said yesterday the company would launch in the coming months two more Geant hypermarkets in Qatar, each around 5,000sqm.
The proposed six new Al Meera outlets will include three convenience stores and three super markets.
“Tenders for these six new projects will be announced in the coming days,” he told reporters yesterday while elaborating that Al Meera was looking for expansion, both abroad and in the local markets.
Referring to the funds for the expansion, Sauvage said they had QR950m from a rights issue which would be used for the local expansion in Qatar.
Read more: http://www.gulf-times.com/qatar/178/details/344250/qr4bn-expansion--in-store-for--al-meera
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