Dutch retailer Spar looks to open 40 stores in Saudi Arabia

Spar entered the Saudi Arabian retail market in 2016 with a partnership with the family-owned conglomerate Al Sadhan Group. (Courtesy Spar International)
Updated 01 February 2018
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Dutch retailer Spar looks to open 40 stores in Saudi Arabia

DUBAI: Amsterdam-based supermarket group Spar International is looking to open 40 stores in Saudi Arabia by 2020 after partnering with Saudi conglomerate the Al Sadhan Group to launch its first outlet last year.
Spar, which initially wanted to target the mid to premium segment of the Saudi retail market, recently launched three stores in Riyadh last year and has five more in the pipeline this year.
“With a growing young population, rising GDP and increased consumer purchasing power, the retail market in Saudi Arabia has been growing steadily,” Tobias Wasmuht, Spar International’s managing director, said in a statement.
Spar entered the Saudi Arabian retail market in 2016 with a partnership with the family-owned conglomerate Al Sadhan Group, and soft-launched its first branded store about a year earlier.
“The Spar brand products will be a key factor in our success, and we are getting great support from Spar International’s team to source items from Spar partners around the world. Also, this partnership is in-line with the Saudi Arabian vision 2030 and the support we have from the Saudi government for the development,”
Mohammed bin Abdul Aziz Al Sadhan, Chairman of Al Sadhan said, celebrating the brand’s official debut in Saudi Arabia.


Fine watchmaking expo returns to Saudi Arabia

Updated 19 March 2019
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Fine watchmaking expo returns to Saudi Arabia

Annual horology exhibition Salon des Grandes Complications (SDGC) is returning to Saudi Arabia for the third year in a row, with shows in both Jeddah and Riyadh. The event will showcase the latest masterpieces from some of the most celebrated watchmakers in history. The fine watchmaking exhibition will kick off in Jeddah at the Hilton Hotel April 8-11, and then move to Al-Faisaliah Hotel in Riyadh April 15-18.

Salon des Grandes Complications debuted in Dubai in 2014, later branching out to Saudi Arabia due to high demand and the appreciation of exceptional timepieces in the Kingdom. 

Saudi Arabia is a key Middle Eastern market for watchmakers — last year saw a year-on-year increase in the import of Swiss watches by 6 percent, and this figure is only expected to increase with the introduction of new policies. 

The capital city of Riyadh is home to over 10,000 watch collectors while Jeddah on the other hand, is Saudi Arabia’s commercial hub, with almost as many horological aficionados estimated to live there. 

Designed to offer a platform for Maisons and enthusiasts to convene, Salon des Grandes Complications creates opportunities for knowledge to be exchanged and collectors to discover — often for the first time in the region — limited editions, the newest launches and unique rarities. 

Among the international brands that will be present at the 2019 edition are Bell & Ross, Blancpain, Breguet, Breitling, Fabergé, Girard-Perregaux, Greubel Forsey, Harry Winston, Montblanc, Rudis Sylva, TAG Heuer, Ulysse Nardin and Zenith. 

With the introduction of several new brands, there will be a more diversified display of timepieces, from innovative novelties to classic creations, grand complications and high jewelry timepieces. Also new to this year’s edition will be a private majlis (a gathering place for social events), where special talks will be hosted by various brands and experts will share their personal insights into modern day horology. 

SDGC has successfully attracted over 80 international Swiss, German and Italian brands during the past five years.

The event will be held alongside the 10th annual Jewellery Salon 2019, a well-established jewelry exhibition in the Kingdom.

SDGC 2019 will be held in partnership with Bentley Motors and with the support of the Embassy of Switzerland in Saudi Arabia.

The event will be open free of charge to all professional visitors from 4 p.m. to 11 p.m.