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Sun 7 Aug 2016 11:01 AM

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UAE's Fathima plans $54m hypermarkets expansion in GCC, India

Retailer says it is rolling out seven new hypermarkets in the next few months; also building Dubai manufacturing centre

UAE's Fathima plans $54m hypermarkets expansion in GCC, India

UAE-based retailer Fathima Group has announced AED200 million ($54 million) investment plans to open seven hypermarkets across the Gulf region.

The company opened its second hypermarket in Al Ain city as part of its wider growth plans in the GCC, it said in a statement.

Fathima Group said it is rolling out seven new hypermarkets in the next few months looking for a wider market segment in the GCC and India.

The new outlets will open in Bur Dubai, Dubai Waterfront, Sharjah and Ras Al Khaimah in the UAE, Jeddah Haramain and Al Safa in Saudi Arabia and Sobha City - Thrissur in India.

These outlets will focus on grocery, fresh fruit and vegetables, electronics, household appliances, fashion garments, luggage and other daily need products, Fathima said. 

The group is also developing a major food manufacturing facility at Dubai Investment Park at an estimated investment of AED70 million. The facility, mainly for production of drinking water and processing of spices, pulses and catering services, will span over an area of 100,000 sq ft.

Fathima Group is also setting up a corporate office and logistics centre with a cold storage facility at Dubai Investment Park at an estimated investment of AED180 million. 

EP Moosa Haji, chairman of Fathima Group, said: “The growth of Fathima retail chain is largely because of quality products with competitive pricing. We source products from suppliers around the world and has a strong logistical structure in place."

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