Qatari Almeera Stores to expand to Libya

Qatar's Al Meera Consumer Goods Company has signed an agreement to ensure its presence in key shopping mall projects in the Gulf state and abroad including Libya.

The retail unit of Al Meera Holding Company said it has inked a deal with Qatar's Business Trading Company (BTC).

BTC is the company behind real estate projects such as the Landmark and Villagio malls in Qatar.

The agreement with Al Meera will also guarantee the retailer's presence in all of BTC's projects in Tunisia, Libya, Egypt, Jordan, Oman, and other markets.

The MOU is in line with Al Meera's aggressive expansion plan, initiated earlier last year, the retailer said in a statement.

Al Meera Consumer Goods Company said last month that its net profits rose by 80 percent during the first quarter of 2012, compared to the same period last year.

The firm said that the profit increase had been driven by higher sales earnings.

Sales have increased as the Qatari company continued an aggressive expansion strategy.

(Source: Tripoli Post)

Tags: ,
No comments yet.

Leave a Reply