PANDA Retail Company has enhanced its presence in Makkah City with the opening of its second HyperPanda store last Jan. 16 at Ibrahim Al-Khalil Street, Kakiya District, bringing the total number of HyperPanda stores in the Kingdom to 69. The store was inaugurated at an event attended by Eng. Nazar Abdulaziz Shimee, Makkah Mayor's Assistant for Investment Development; Eng. Saud Faisal Murad, Director of Municipal Real Estate Property Department; Eng. Rami Yousef Abu Al-Farraj, Director of Department of Municipal Real Estate Property and Sustainable Projects; and a number of top executives and other guests. The opening of the HyperPanda store comes in line with Panda's expansion plans focusing on improved performance of the Kingdom's retail sector and ensuring the sector's pivotal role in achieving Vision 2030, which aims to raise the contribution of the sector from 50 % to 80 %. One of the Vision 2030's objectives is to transform the retail sector to make it one of the most important sectors of the national economy to help and support the government's plans to diversify investment and income sources. With a total area of 4,272 square meters, the new store meets the needs of a large number of customers and promises comfortable and enjoyable shopping experiences to all family members. As in other branches spread across the country, the new HyperPanda branch offers under one roof foodstuffs and luxury goods as well as local and international branded goods. "The expansion of our business in Makkah supports Panda's strategic approach that considers customers our top priority and ensures easy availability of our products in any location. It also supports our Saudization policy aimed at increasing the number of Saudi citizens working in the company in particular, and the entire private sector in general. We have over 7,000 Saudi nationals and Panda is considered one of the largest employers of Saudis," said Eng. Rayan Mohammad Fayez, Savola Group CEO and Panda Retail Acting CEO. Fayez stressed that Kakiya District has been selected for the new store following a strategic study conducted by the company. Having witnessed significant growth in population and urban areas over the past few years, the district will help the new store serve the largest number of customers. He underscored that Panda's expansion plans focus on building its presence in the most populated districts and expanding into more cities. The new store provides the latest discount offers and competitive prices on a number of products, including vegetables, fruits, cheese, meat, fish, electric and electronic devices, computers, mobile phones, sports equipment and toys. Shoppers who are members of Tawfeer program will enjoy all the benefits offered by the program that aims to encourage savings and help families cut down their monthly budget on purchases by providing exclusive offers periodically on a wide variety of products.
