Al Meera Consumer Goods, which runs some of Qatar’s leading retail outlets such as Géant hypermarket, is continuing to extend its presence in the country, with new acquisitions and establishment of new stores across Qatar.

Commenting on the expansion strategy, Mohammed Nasser Al Qahtani, deputy CEO, Al Meera, said: "Al Meera has always considered to reach highly populated areas especially the zones that lack of retail malls. [The company’s] expansion comes in line with the Qatar National Vision 2030, as it aims to develop various areas in Qatar following the state's urban planning, serve all communities in the State and ensure profitability for all its shareholders."

Al Meera recently concluded the purchase of Al Oumara Bakery Company, which added five new stores to its supermarket chain, in addition to signing a subcontractor lease agreement for the Dasman Hypermarket building.

The company has also launched a slew of commercial centres in Abu Nakhla, Nuaija and Legtaifiya, as well as supermarkets in each of the Barwa Mesaimeer and Beverly Hills residential complexes.

Additionally, Al Meera has also invested in the modernisation and renewal of old branches such as those in Al Mansoura, Hazm Al Markhiya, Onaiza, Bin Omran, Khalifa South, Al Maamoura, and Al Wakra etc.

This drive has increased the number of branches it runs from 23 to 32 in just four years.

Al Meera's development plans gained momentum in 2014 when it built nine new modern shopping centres in the regions of Muraikh, Al Azizia, Muaither, Jeryan Njeima, Thakhira, Al Wakra, Al Thumama, Al Wajba, and Rawdat Ekdeem.

Since the beginning of the year, the company has successfully opened the branches of Muraikh, Al Azizia, Muaither, Jeryan Njeima, Al Thakhira and Al Wakra 2 as well as a branch in the newly opened Gulf Mall. In the coming weeks, Al Meera will be also opening new branches at Al Wajba, Rawdat Ekdeem, and Al Thumama, after obtaining the necessary permits and approvals from the relevant authorities.

Al Meera plans to build two additional branches in the North area and Al Jumailiya where the stores will carry a unique design.

Construction work has also been started on several new branches as part of the expansion strategy to construct 14 new shopping malls across Qatar, located in Sailiya North, Bu Sidra, Al Wakra 3, Umm Salal Ali, Rawdat Aba El-Herran, Azghawa, Al Khor, Um Qarn, Rawdat Al Hamama, Jeryan Junaihat, Al Sailiya, Ain Khaled, Leabaib 1 and Leabaib 2.

Additionally, Al Meera just signed a MoU with Lusail Real Estate Development Company for the operation and management of two central shopping areas at Jabal Thaileb North and the Villas residential area.

After the expansion plan is complete, Al Meera will boast 56 outlets spread across Qatar. - TradeArabia News Service