KSA Business: MAGRABi to invest $23m across 57 stores in the Middle East – Gulf Digital News

KSA Business: MAGRABi to invest $23m across 57 stores in the Middle East – Gulf Digital News

MAGRABi, a leading optical retailer in the region, has announced that during 2022 it will invest AED84 million ($23 million) across 57 stores in KSA, UAE, Qatar, Egypt and Kuwait.

The initiative, one of the biggest investments in the company's history, consolidates MAGRABi's position as the leading optical retailer across the Middle East and includes 16 new openings for the Group's mainstream brand, Doctor M. It will also see a revamp for the luxury MAGRABi brand with 16 new stores opening and 25 stores renovated and expanded, adding to the existing 142 stores across its portfolio.

Amin Magrabi, CEO of MAGRABi Group, said: "This investment cements our position as the region's leading optical retail brand, in both the high-end and mainstream segments. We look forward to continuing to reinvent the industry and providing our customers with a truly unique retail experience."

Located across 14 cities

The 57 stores are located across 14 cities in a range of desirable locations, including luxury malls and shopping plazas. New stores have already opened in Dubai Hills Mall (UAE), Place Vendome Mall (Qatar), Jeddah Park Mall (KSA), the Springs Souq (UAE), Open Air Mall (Egypt), Imam Bukhari Street (Qasim, KSA). The expansion and renovation programme will be rolled