Dutch food retailer SPAR International to expand into Middle East.

By bne IntelliNews January 28, 2013
Dutch food retailer SPAR International plans to enter the Middle East and have thirty chain stores in the region by 2015, seeking to benefit from expanding regional demand, managing director Gordon Campbell told Reuters. By end-2013, SPAR will have eight stores in Abu Dhabi, two in Qatar and one in Lebanon, he added. The retailer, which reportedly runs 12,000 stores worldwide, will team with Abu Dhabi Cooperative Society for its Middle East entry and expansion. SPAR also wants to enter Oman and Saudi Arabia over the next three years, Campbell said. SPAR's Middle East business will likely generate over USD 1bn in revenue over the next five to ten years, he forecast. SPAR's global turnover has likely risen 4.5% y/y to USD 43bn in 2012, Campbell said.

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