Dubai-based grocery retailer Spinneys has signed a partnership agreement which will see it open its first store in Saudi Arabia next year.
Spinneys’ story started in 1961 when the first supermarket opened in Al Nasr Square, Dubai and it has since grown to 80 stores across the UAE and Oman.
Now, Spinneys Dubai and Abdulmohsen Al Hokair Holding Group have announced a partnership to establish the brand in the Gulf kingdom.
The partnership, which plans to open the first Spinneys store in Saudi Arabia in the first quarter of 2023, comes amid rapid development and opening of commercial sectors within the kingdom.
Sunil Kumar, CEO of Spinneys Dubai said: “We have considered expanding into Saudi Arabia for several years. With the right structures in place, and a willing and capable partner in the Abdulmohsen Al Hokair Holding Group we look forward to bringing the Spinneys brand to the people of Saudi Arabia.
“We believe we can offer an elevated grocery shopping experience to these customers, alongside a superior product offering.”
He said the initial focus will be in Riyadh, with further plans to open stores in more cities in the coming years.
The grocery retailer announced the acquisition of the Souk Planet stores in Abu Dhabi in the last quarter of 2021 and is showing its ambitions to expand its geographical footprint within the Middle East.
Abdulmohsen Al Hokair Holding Group was founded in Saudi Arabia in 1975. The company and its subsidiaries are principally involved in entertainment centres, hospitality, and retail.
Sami Al-Hokair, managing director, said: “We are excited and optimistic about the potential of the Spinneys brand to bring a differentiated grocery retail offering to Saudi Arabia. The addition of the brand into our stable of world-class brands demonstrates our commitment to sustainable business growth, as we diversify the sectors within which we operate.”
In the UAE, Spinneys, , owned by UAE national Ali Albwardy, has partnered with local farmers through initiatives like the Spinneys Farmers’ Club, with the broader goal of assisting with the UAE’s national food security strategy. The company said similar initiatives can be expected in Saudi Arabia.
Follow us on
