Qatari retail group Al Meera has announced that its first Géant hypermarket will open on Sunday as part of an agreement signed with France’s Casino in 2011.
Al Meera Consumer Goods Company said the first hypermarket would open at Hyatt plaza in Doha.
The opening follows an agreement signed between Al Meera and French retailer Casino to develop a network of hypermarkets and supermarkets under the Géant banners in selected Middle East countries.
Casino, Al Meera and Retail Arabia had earlier signed a sub-franchise agreement allowing Al Meera Holding to develop and operate hypermarkets and supermarkets under the Géant banner in Qatar and Oman.
The first Qatar opening will reinforce the presence of the Géant in GCC countries – where it has more than 10 stores in operation in the UAE, Kuwait and Bahrain.
Last month Al Meera announced a rights issue to double its paid-up capital.
The firm said it would raise QR950m ($260.9m) from the offering of 10 million new shares.
As well as being a franchise for Géant, Al Meera operates more than 20 supermarkets under its own banner in the gas-rich state of Qatar.
Follow us on
