Retail sector news mainly focusing shopping centres, retail developments and businesses in the MENA region
Malabar Gold opens Mecca showroom this week
Aug 05, 2012
Malabar Gold and Diamonds is set to open a new store tomorrow in Makkah, Arab News has reported. The new showroom will be the groupĺs 70th outlet worldwide and fifth in Saudi Arabia. The group is also planning to increase its store presence significantly by raising the retail network to 220 outlets by the end of 2015. As a part of the groupĺs expansion strategies, more showrooms are to be opened at Batha in Riyadh, Madinah, Jubail, Hassa and Jeddah and a manufacturing unit at Alkhobar. These will be in addition to the already existing showrooms in Alkhobar, Riyadh, Dammam and Jeddah.