A Saudi retail giant, Al-Othaim Holding Company, has unveiled plans to open an additional 30 stores at a cost of billions of riyals within the next four years to take advantage of the growth in the retail sector. According to Arab News, these stores will include 10 supermalls and will to be opened by 2010.
“Al-Othaim has finalized plans to open 12 huge malls and each mall will have a supermarket, fashion outlets, an entertainment center and a food court with a minimum space to park 800 cars at a time,” said Fahad Ibn Abdullah Al-Othaim, vice president, adding that five malls are currently under construction and three are under design and development.
