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- Dubai 05:29 06:48 12:14 15:11 17:33 18:52
Qatar-based Nunu Group plans to open a range of hypermarkets and concept stores in the UAE with the first being opened in Al Quoz Industrial area with an investment of Dh10 million, said a senior company official.
Speaking to Emirates 24l7, Haneef Olakara, Managing Director of Nunu Hypermarket, said the UAE retail sector offers significant investment opportunities with a steady growth – thanks to growing population, especially the youth, and strong purchasing power which will help sustain new supermarkets and malls.
The company’s first hypermarket will open on January 27, 2010, he said, adding that “we are investing Dh10 million in a two-storeyed hypermarket spread across 33,000 square feet. Located near Al Khail Gate, the market will cater 1,500 new flats with almost eighty per cent occupancy. We are offering home delivery to various camps and residents after properly registering the names."
He said: “We are looking at Abu Dhabi, Ras Al Khaima and neighbouring countries like Oman. One outlet will cost minimum Dh3 million. Nearly 100 employees are recruited for the new markets.We find the business environment in the UAE good now. The rent level to start a new market in Qatar is abnormally high. When compared to the high rent level in Doha, we find it a convenient and ideal location for our Middle East growth."
An area where it will cash in on is the home delivery. “We will pre-register our customers on a priority basis and deliver goods at their doorstep. We are specialised in this service in Qatar and the same quality of service will be offered here in the UAE,” he added.
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