Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Citymax makes heavy investment across Kingdom in first quarter  Join our daily free Newsletter

MENAFN - Arab News - 08/03/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN -Arab News) Citymax, a major value fashion brand, is increasing investment into the Saudi Arabian market, opening four stores in the first three months of 2014

The stores are located in Dammam and Jeddah demonstrating the span of Citymax?s extensive expansion plans for the country. The stores will provide Citymax?s range of value fashion, including womenswear, menswear, homeware and childrenswear

Aiming to have over 100 stores in Saudi Arabia by mid 2014, Citymax?s investment plans are reflective of the confidence it has in the Saudi retail sector

The country is one of the fastest growing markets for Citymax, which corresponds to the year-end report by Saudi investment firm Al-Rajhi Capital, which said retail was one of the best performing areas of the Saudi economy in 2013

The new Citymax stores will feature the new Citymax look and feel, with an updated design and interior layout. The new stores are located in Dammam, in Qatif and Dammam Corniche, Abqaiq Mall, Aswak Al-Qariah, and in Jeddah at Max Yanbu, Sabt Al-Alaya, and Red Sea Mall. In addition to the four brand new Max stores, three existing stores in Jeddah and Dammam have been relaunched with the new layout

?Saudi Arabia is one of our most important markets for 2014 and we are looking to greatly increase our presence. The malls we have selected for Citymax represent good settings with high footfall and convenient locations for our customers. As a homegrown Middle East brand we understand our customers and always strive to provide them with ?More Fashion, More Value.? Opening 4 brand new stores in Q1 is a testament to Citymax?s commitment to developing the region and a credit to Citymax?s long term vision for the Kingdom,? said Hariharan, CEO of Citymax.


 






  MENA News Headlines
 Sep 2 2014 - UAE- Human League to perform in DubaiKhaleej Times
(MENAFN - Khaleej Times) The Human League bring their electro-pop back catalogue to Dubai New wave legends The Human League will bathe The Irish Village in synths for their show on Thursday September ...

 Sep 2 2014 - UAE- Ismail Matar backs Mahdis contract extensionKhaleej Times
(MENAFN - Khaleej Times) Matar hinted that het could be able to return to the pitch in two weeks time after covering half of the four-week period decided by the doctors for his recovery.Dubai: Al ...

 Sep 2 2014 - Dubai does well to curb thalassaemia in newbornsKhaleej Times
(MENAFN - Khaleej Times) Drop in the number of disease cases attributed to awareness campaigns screenings.The number of cases of thalassaemia in newborns in Dubai has drastically reduced due to the ...

 Sep 2 2014 - UAE- Umm Al Quwain offers 50 per cent off on traffic finesKhaleej Times
(MENAFN - Khaleej Times) The 50 per cent cut on pending fines includes unpaid fines for speeding and other traffic violations available till December 5.The UAQ Police are offering a 50 per cent ...

 Sep 2 2014 - UAE- Ajman launches online renewal of car registrationKhaleej Times
(MENAFN - Khaleej Times) The programme also provides the opportunity for public to renew their registration card without having to visit the traffic department.The Ajman Police on Monday launched its ...

 Sep 2 2014 - UAE- Cop accused of kidnapping raping womanKhaleej Times
(MENAFN - Khaleej Times) He drove her to a dark location near a construction site after offering a lift where he allegedly raped her.A cop has been charged in the Court of First Instance with ...

 Sep 2 2014 - UAE- Manager blackmails women staff for sex court hearsKhaleej Times
(MENAFN - Khaleej Times) Three women have complained against the 31-year-old man alleging that he had been constantly sexually harassing them.A Palestinian manager has been brought before the Court ...

 Sep 2 2014 - UAE- 22-year-old Indian found hanging from treeKhaleej Times
(MENAFN - Khaleej Times) Police patrols and paramedics were rushed to the spot who took down the body and transferred it to Al Dhaid Hospital for an autopsy.A 22-year-old Indian man was found hanging ...

 Sep 2 2014 - Destination Dubai for learningKhaleej Times
(MENAFN - Khaleej Times) Emirates education authorities are focusing on Research and Business Development to commercialise technology and part-time work/study policy.The UAE is currently ranked the ...

 Sep 2 2014 - UAE- Scarcity of Indian jumbo passports adds to woes of frequent travellersKhaleej Times
(MENAFN - Khaleej Times) The Indian missions in the UAE were issuing only the 64-page booklets after the supply of ordinary booklets was affected due to technical issues.Just as they were clearing a ...

more...


 






Google

Click to Apply

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help