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RETAIL NEWS: FIRST GéANT HYPERMARKET IN KUWAIT AT 360O KUWAIT

Designed as a massive 13,000 square meter anchor store, Géant will be an integral feature of the nearly completed 360° KUWAIT Shopping Center, the country's latest innovative real estate development, which is set to open in the spring of 2009.

Géant, which is part of Fu-com Central Markets Co. KSC, will attain a pioneering position within Kuwait's retail industry in terms of exposure, diversity and quality of products. It will deliver a vast range of international service standards consolidated under one roof which will cater to the ever-increasing cosmopolitan environment, lifestyles and tastes of Kuwaiti society. It is worth noting that Géant's parent company owns more than 9,000 locations, including Géant Hypermarket, supermarkets and convenience stores, spread around the world.

Commenting on Géant's debut in Kuwait, Marzooq Al-Marzooq, Chairman of Tamdeen Shopping Centers, said, "Géant is a bright addition to our portfolio of shopping centers and we are extremely pleased to have played a pivotal role in bringing the French hypermarket Géant to Kuwait. Though the concept of hypermarkets is new to the Kuwaiti market, we are confident that Géant will win the trust of local consumers, given their successful experiences in the GCC in affecting overall consumer habits and the demands of the shopping public."

He added, "Tamdeen reiterates its strategy to ensure the optimal mix of local and international brands within the shopping center, offering the best services and products, as well as a shopping and leisure experience that is unique in Kuwait. Needless to say, the presence of Géant at 360° KUWAIT will make it a one-of-its-kind destination in the country."

Mr. Mazher Papar, Fucom's Vice Chairman of Fu-com Central Markets Co. KSC, said: "We are delighted to open our first Géant hypermarket in a country like Kuwait. Since Kuwait is known for its growth in retail sectors, we are confident that we will play a dominant role within the industry, offering world class products and services that cater to the different particular needs of Kuwaiti society that includes families as well other individuals, whether professional or private."

He added: "Géant Hypermarket's philosophy focuses on the commitment to offering the best value through our competitive prices, our flexible no questions asked return and exchange policy, a world-class merchandise mix, international service standards and consumer oriented marketing and promotions strategies, all in favor of the consumer."

When completed, 360° KUWAIT will feature unprecedented levels within the retail industry that have never been witnessed before in the region. This includes its strategic location, with easy access from many main streets, vast parking lots, a unique tenant mix, as well as other international standards that are related to the engineering and architectural designs.

All of which are designed to provide the shopper with a special taste of hospitality, the addition of the French chain Géant Hypermarkets to this innovative retail development further gives shoppers a complete shopping experience at the upcoming 360° KUWAIT.


For more information, please contact:

Dina Sabry
Media Relations Manager
Hill & Knowlton
Tel: 00965 2 2331770
Fax: 00965 2 2331771
Mobile: 00965 9 9445975
Email: dina.sabry@hillandknowlton.com

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