Dr. Abdulraouf Mannaa, CEO of the Savola Group announced Thursday that the Savola Group has approved the launch of its first Hypermarket outside Saudi Arabia in Dubai Festival City (AFC), United Arab Emirates (UAE). Dr. Mannaa added that this step comes in line with the Group’s strategy, which has recently been resolved by its Board of Directors, to press on with its regional retail expansion as strategic direction for the Retail Division.
Further Dr. Mannaa estimated the cost of this hypermarket, which currently under construction, to reach SR 40 Millions and the opening date is expected to be on the 1st of April 2006.
It is worth mentioning that the total area of the hypermarket is 15,000 square meters with 10,000 m2 of sales area. It is located in Dubai Festival City Retail Park which occupies 200,000 m2 .
Dubai Festival City, located in the center of Dubai, is an ultra modern complex with residential, commercial and recreational facilities, which is expected to attract all visitors and residents of Dubai.
