Lease agreement signed through Seef Properties; location to open its doors in H2-2021
BinDawood Holding Co. a leading grocery retail operator of hypermarkets and supermarkets in the Kingdom of Saudi Arabia, in partnership with Investcorp, recently announced the opening a Danube hypermarket store in Bahrain’s 12,000sqm Al Liwan Project, in the Hamala area, based in the Northern Governorate.
The lease agreement was signed through Seef Properties, one of the leading integrated real estate development companies in Bahrain.
“The new Danube hypermarket in Bahrain will be the anchor grocery retailer on this important project, providing employment for the local residents and creating healthy food options for a very large and dynamic community and the surrounding communities,” affirmed Ahmad AR BinDawood, CEO, BinDawood Holding.
The lease agreement will see Danube hypermarket occupy a 5,000sqm space in the Al Liwan Project. The Danube store is expected to open its doors to customers in the second half of 2021.
The store opening in Bahrain in 2021 will be the first international branch expansion for the grocery retailer and is in line with the company’s stated ambitions to strengthen its leadership in the grocery retail sector.
“The agreement also reflects our commitment to attracting the finest commercial brands to fulfill the aspirations and requirements of the residents and visitors of Al Liwan Project, and to ensure we provide them with the best shopping options,” remarked Ahmed Yusuf, CEO, Seef Properties.
