Regency Group, one of the leading players in the Middle East retail sector has announced the launch of their 40th hypermarket in the Middle East and the 8th in Kuwait - "GRAND HYPER" at Trio Mall, Muscat Street, Khaitan. The opening ceremony scheduled on 1 September, 2016 at 4.30 pm and will be attended by eminent dignitaries from across sections of the society. Other outlets scheduled for a grand opening are in Mahboula area followed by Salmiya and Jahra.
GRAND HYPER is located at the densely populated Khaitan area. Spreading over 25,000 sq.ft., the hypermarket features an extensive fruit and vegetable market, with the freshest produce exclusively flown in from around the globe, offering uncompromised quality standards. The group's own sourcing centers in India, China, Turkey, Indonesia, Thailand, Sri Lanka and Europe, devoid of middle men, ensure the finest quality inventory at the fairest prices. The department store houses all major brands of garments, electronics, household, toys, stationeries and accessories. Moreover, the in-house bakery ensures a regular supply of freshly baked Arab and French breads and patisseries.
The store also aims to provide shoppers with variety of products and exciting offers that one can enjoy all throughout the year. GRAND HYPER promises the convenience of everything under one roof along with International shopping ambience that rivals the best in the world.
On the launch of the new store, Dr. Anvar Ameen Chelat, Managing Director, Regency Group for Corporate Management said, "It gives us immense joy to announce the launch of our eighth outlet in Kuwait. We have witnessed an overall growth in the retail segment in the GCC countries and particularly in Kuwait. The consumers have accepted the concept of hypermarkets which provide convenience and international shopping experience all under one roof. This new store will make us more accessible and closer to our consumers at Kuwait.”
Mr. Ayyoob Kachery, Regional Director, Grand Hyper- Kuwait said, "Our vision at Grand hyper is to be the first choice of customer by setting high standards of customer satisfaction. We at Grand are committed to provide values to stake holders, employees and business partners. Mr. Suneer, Chief Executive officer of Grand Hyper said, "Despite the not-so-favorable condition prevailing, we could make inroads in to new markets while strengthening in our existing markets.”
Explaining the group's strategy in retailing, Mr. Thehaseer Ali, General Manager, Kuwait, said, “Our newest venture in Kuwait is in line with our policy to go closer to our customers and offer an unmatched experience with regard to quality of products, standard of service and pricing. In fact, we are planning to open more outlets in this country as well as other GCC nations and a few other markets." The promoters state that the launch of this hypermarket in Khaitan is yet another landmark in the history of retail operations of the group. They conveyed their sincere gratitude and best wishes to His Highness Sheikh Sabah AI Ahmed AI Sabah, generous Kuwaiti public and business friendly systems.
His Highness Sheikh Sabah Al Ahmed Al Sabah's wise leadership has steered Kuwait to self-sufficient and investor friendly destination.” The promoters, Regency Group, aim to spread their retail stores in all the major areas of Kuwait and serve the Kuwait population with the right mix of products at the most competitive prices possible.
Grand Hypermarket, Khaitan is strategically located and is easily accessible from the major roads like Fifth and Sixth ring roads. Direct procurement of products from countries like India, China, Indonesia, Thailand, Srilanka, Turkey, Bangladesh, etc. enables the store to offer their customers unmatched quality and the best value for their money.
Now the people of Farwaniya Governorate have the option of buying a wide range of products under one roof at the most competitive prices available. Having studied the Kuwaiti market for six years, the promoters were convinced that the growing population, the growth of the economy, increase in the GDP, and the support from the Government of Kuwait to the business community here bode well for them choose this market and expand their business footprint.
The Group has a strong presence in countries V.A.E, Qatar, Oman, Kuwait and India. With a view to enhance retail market segment and tap growing retail potential in the GCC and Africa, the Group has focused its expansion plans in North Africa and Far East Asian countries by 2017. The press meet was attended by
1. Dr. Anvar Ameen Chelat, Managing Director, Regency Group for Corporate Management;
2. H.E. Shaikh Dawood Dawood Salman Al Sabah, Chief Patron ,Grand Hyper Kuwait
3. Mr. Jasim Mohammad Khamees Al Sarrah, Chairman Grand Hyper-Kuwait
4. Mr. Aboobacker Mohammed, Director, Regency Group for Corporate Management;
5. Mr. Ayyoob Kachery, Director, Grand Hyper- Kuwait;
6. Dr. Abdul Fathah, Director, Grand Hyper- Kuwait;
7. Mr. Mohammed Suneer, Chief Executive Officer, Grand Hyper- Kuwait and
8. Mr. Thehaseer Ali, General Manager, Grand Hyper- Kuwait
Regency Group Regency Group for Corporate Management, incorporated in 1994, a multinational company having proven track record in retail and diversified business activities like steel manufacturing, general trading, hospitality, food and beverages, healthcare, etc. across many countries. The group owns a chain of shopping malls and hypermarket operation under its brand "Grand".
The group employs more than 4000 people of different nationalities and serves over 117,000 customers daily. The group has a collective turnover of over US$ 1.5 billion. Regency Group's other outlets in Kuwait are located at Fahaheel, Salhiya, Hawally, JIeeb Al Shoyoukh, Hassawi, Abu Halifa and Mangaf. Also, Mahboula store is in the final stage and ready for opening by the end of this year. The group has a strong presence in UAE, Kuwait, Qatar, Oman, Saudi Arabia, China, Azharbaijan, and India.