PROJECT

Projects

Summary of Proposed Investment

Project Number

30692

Company Name

FAWAZ ABDULAZIZ ALHOKAIR & CO

Date SPI Disclosed

Apr 25, 2011

Country

Saudi Arabia

Industry

Tourism, Retail and Property

Projected Board Date

May 26, 2011

Status

Completed

Sector

Retail (Including Supermarkets, Grocery Stores, etc.)

Department

Regional Industry MAS MCT

Environmental Category

B - Limited

Previous Events

Approved : May 25, 2011
Signed : Sep 30, 2011
Invested : Oct 24, 2011

Project Description

Fawaz Abdulaziz Al Hokair & Co. (“ALH Retail” or “the Company”), Saudi Arabia’s leader in the apparel retail franchise sector, is implementing a program to expand its domestic operations, as well as to grow its international presence, which currently spans Egypt, Jordan, Kazakhstan and the UAE. The proposed expansion program comprises the increase in the number of stores operated by the Company from approximately 1,028 to approximately 1,780 over a 3-year period, and includes store openings in new countries of operations, such as Azerbaijan and Georgia.

Sponsor / Cost / Location

Development Impact