Company signs agreement to open nine stores in Gulf sultanate by the end of 2016
Oman will get nine new Spar supermarkets by 2016 under a deal between Spar International and local business conglomerate Khimji Ramdas, it was reported.
The agreement is the latest deal for Spar International, which is developing Spar throughout the Middle East in a co-operative venture with Abu Dhabi Co-operative Society (ADCOOPS).
The two groups have already found key license partners QNIE, a leading distributor in Qatar, and BMI, a major investment and management company in Lebanon. The first Spar supermarkets will open in Doha and Beirut in 2014, the Times of Oman reported.
"Spar is targeting the Middle East for growth in 2014," Gordon Campbell, Managing Director, Spar International, was quoted as saying.
"We are delighted to add Khimji Ramdas to our network of prestigious partners in the Middle East. With the combined knowledge and support of Spar, ADCOOPs and Khimji Ramdas, Spar will expand rapidly in Oman.”
As part of the Spar International and ADCOOPS partnership, the companies opened initially in the Abu Dhabi region with a flagship store under each of its three Spar formats — Spar Hypermarket, Spar supermarket, and the Spar Express convenience store.
Under the next stage, it will open five more Spar supermarkets in the Abu Dhabi region in 2014.
Qatar, Lebanon and Oman will bring to 37 the number of countries with Spar stores.