Grandios invests 100 million dirhams in local retail outlets in 2022
The Grandiose Chains Department stated that it intends to inject new investments worth 100 million dirhams to open new outlets in the retail sector in the UAE markets during the current year.
Ghassan Aboud, Chairman of the Board of Directors of the "Grandius" Group, which is affiliated with the "Grandius" chains, said that "the group intends to open 13 new branches of the "Grandius" chains in retail trade in the UAE this year, including five in the Emirate of Dubai, bringing the total number of outlets By the end of this year, it will reach 30 outlets.
In statements to "Emirates Today" during a press meeting held by the group yesterday, during the announcement of the launch of a retail outlet within Dubai Investments Park, yesterday, he said, "The total investments of Grandiose Chains, which are based in the UAE as their headquarters in the retail sector, amount to about 450 million dirhams." The total investments of the group in general in the retail trade amount to about one billion dirhams.
He explained that “the group recently announced its establishment, in partnership with Abu Dhabi Ports, for a new project, which is the Regional Food Center in cooperation with the Runges Company. Within the Abu Dhabi Ports Group.
He pointed out that «the center will be one of the largest of its kind in the region for food trade, and will include pavilions for selling products, logistics services, refrigerated warehouses and others dedicated to dry products, and provides the necessary government services, facilities for recycling waste, and other various other facilities,» pointing out In the coming period, the group intends to complete a project for vertical farms within the “Kizad” area of the center for the production of various agricultural commodities.
He explained that "the center's project was designed to contribute to strengthening the national food security strategy and improving the conduct of food business operations in Abu Dhabi. It also provides a competitive work system for local and international parties operating in this sector thanks to the low total costs of the food supply chain."
"The new outlet in the Dubai Investments Park includes about 21,000 goods, and the store covers an area of 30,881 square feet," said Maher Al-Hosari, operations manager of the "Grandius" retail chains, pointing out that "the outlet represents the eleventh location of Grandius." "In Dubai and the seventeenth in the Emirates, while it is planned to reach 30 outlets by the end of this year."
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