HH Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah, opened the 11,612sqm Grove Village community and lifestyle mall, developed by Master Investment Group in the Corniche Alqawasim area at a cost of $11.4m (AED42m). The two-storied Grove Village mall features dining, shopping, and entertainment options, and luxury retail stores.
Emirati holding company, Majid Al Futtaim, announced the opening of City Centre Almaza to the public on Monday, September 30. City Centre Almaza is the fourth Majid Al Futtaim shopping mall in Egypt that comprises retail, leisure, food, and beverage options for the whole family.
The partnership aims to leverage Meraas’ regional brand recognition and experience in curating lifestyle-focused mixed-used developments together with Brookfield’s deep retail experience and extensive global relationships with brand partners and retailers. The platform shall further benefit from Brookfield’s global insights and best-in-class retail operating models to drive efficiencies and synergies.
With the opening of its fourth supermarket in Kenya this week at The Waterfront Karen, the Shoprite Group has created another 120 jobs bringing the total number of people now employed by Shoprite Kenya to 475, of which 65% are women. In addition to job creation, the Group is committed to the growth of the Kenyan economy by ensuring that more than 80% of its products are sourced from 345 local suppliers.
Bidfood KSA, (Al Diyafa Company for Catering Services), the KSA’s leading multi-channel foodservice distributor, today announced that the company has struck another exclusive agreement with General Mills to distribute Green Giant Frozen Vegetables across the country’s food service channels.
This follows an agreement entered earlier with General Mills to supply Häagen-Dazs Ice Cream in Saudi Arabia exclusively for the foodservice Channels.
Saudi Arabian dairy company Almarai has received a US$100m loan from the European Bank for Reconstruction and Development. It plans to use the money - a long-term loan - to boost its Egyptian dairy subsidiary Beyti and its Jordan-based juice business Teeba. Some $90m is earmarked for Beyti and $10m for Teeba. The plan is fund production capacity expansion, in the case of Beyti, and to strengthen Teeba's capital base and fund its working capital needs.
Naif Saleh Alrajhi, chairman and chief executive officer of Naif Alrajhi Investment company, said, "We are delighted to partner with Jones the Grocer and its supreme offering to further expand and diversify our portfolio in the promising food and beverage sector. We are confident that Jones the Grocer will become a competitive dining destination due to the constant demand for quality and unique restaurants in Saudi Arabia.”
Andrew Adam is a B2B Commercial Specialist with extensive experience of developing commercial strategy, Go-To-Market programs and enhanced ways of working for food ingredient companies.
The strategy primarily aims to increase the contribution of e-commerce to Dh12 billion in the local economy by 2023 and increase regional and global share of e-commerce companies operating in Dubai to Dh24 billion by 2020. Such goals will be achieved by reducing the total cost of e-commerce operations by 20 per cent — including the costs of returned goods, storage, customs duties and VAT on transportation.
Talabat and Carrefour have joined forces to allow customers to do their grocery shopping on the food delivery app. Talabat’s partnership with Carrefour is also the first time a food delivery platform in the region has offered a complete grocery delivery option. The new Talabat Grocery service is available as part of Talabat’s existing app, under a new filter card named ‘Grocery’.
Following the UK and the US, Singapore marks the latest virtual address for Connected global expansion, Qatar Post said. With this addition of one of the world’s fastest growing economies and e-commerce markets to its network, Qatar Post will offer its customers and e-shoppers access to the largest and most established Singaporean online stores and retailers.
INFOMINEO RESOURCES
A highlight of some of our resources to expand your knowledge on Africa and the Middle East.
The objective of the project was to provide an international consulting firm client with an in-depth understanding of the current regulatory framework of the tobacco, alcohol and lottery retail sales in a Northern African country.
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