RetrofitTech Dubai
Monday, March 19, 2018
Directory Directory Subscribe

TSC supermarket announces major expansion in Lebanon


Please, enter data

Please, enter data, 10 March 2016

The Sultan Center (TSC), the Kuwait-based supermarket chain, is planning to enhance its presence in the local market by renovating its operating branches and opening in three new areas.

TSC closed its branches in Jeita and in the City Mall, in a bid to cut losses related to these two outlets. “We have tried to stimulate activity in the City Mall branch for eight years but the footfall in the mall is already dropping and our visibility to customers was affected, especially when we moved from the front alley to the inside,” said Firas Hamdan, Commercial Director at TSC Lebanon.

A few years ago, TSC had paid Admic, close to $100 million premium as key-money to acquire leasing rights at the City Mall, Ashrafieh, Baabda, Verdun, Jnah, and Zouk.

Hamdan said that TSC will open branches in the South, Khaldeh, and Dora by the end of the year. The new outlets will all open as standalones, bringing the total number to ten. “The branches will have an average area of 2,000 to 3,000 square meters, each because the market cannot absorb more,” he said.

The chain has also started to face lift its operating branches in Jnah, Verdun, Zouk, and Baabda.
9 March

Login to Add Your Comment  (for subscribers) | Subscribe


Latest News

Qatari economy witnessing continued growth: Minister
Qatar Tribune, 16 March 2018

Overcoming all challenges, the Qatari economy is witnessing continued growth by diversifying the sources of income, Minister of Economy and Commerce HE Sheikh ...

Read full story
Qatari economy witnessing continued growth: Minister
Iraq’s oil ministry calls for investors for Anbar refinery
Arab News, 15 March 2018

Iraq’s oil ministry on Thursday called on companies to invest in a project to build a 70,000 barrel-per-day oil refinery in the western province of Anbar.

Read full story
Iraq’s oil ministry calls for investors for Anbar refinery
Egypt inaugurates first plant with $2.8bn solar park in Aswan
The National, 14 March 2018

Egypt inaugurated the first solar power plant at a remote desert complex where the government plans to generate as much as 1.8 gigawatts from the sun, cutting the ...

Read full story
Egypt inaugurates first plant with $2.8bn solar park in Aswan
Exporting real estate attracts attention of real estate developers
Daily News Egypt, 13 March 2018

The export of real estate’s value in the world is estimated at $2tn, while the size of the real estate industry (buying and selling) is estimated at $250bn ...

Read full story
Exporting real estate attracts attention of real estate developers
Back to Home Page 1313 --- 0 <><><> 306.83333333333.....exvideo=0....eximage=0
P 0
BR 11

RetrofitTech Dubai

3rd Annual Mosque Design & Development Summit
1 - April 2018
4th Annual RetrofitTech Dubai Summit & Awards
10 - April 2018
The Annual Future Drainage & Stormwater Networks Abu Dhabi
2 - May 2018
Wet Infrastructure Summit
2 - May 2018
Future Civil Defense
7 - May 2018
  View more  

Market Indecies
Saudi SE - 2.32%
Dubai FM - 4.53%
Abu Dhabi SE - 3.99%
Kuwait SE - 1.51%
Doha SM - 8.36%
Muscat SM - 6.18%
Casablanca SE Closed
Bahrain SE - 0.98%
Cairo SE Closed
Amman SE - 1.12%

RetrofitTech Dubai

Quick Links
  Brochures & Flyers  

Up-coming events
  Beirut Boat - 9 May - 13 May 2018  
  Project Lebanon - 26 June - 29 June 2018  
  Energy Lebanon - 26 June - 29 June 2018  
IFP Group Events Calendar

Magazine sections
  Growth Markets  
  Regional Overview  
  Tips and Tricks  
  Home Finance  
  Our Meetings
  Legal Issues


IFP Corporate
• IFP Emirates
• IFP Lebanon
• IFP Qatar
• IFP Iraq
• REC Saudi Arabia
• IFP China
Beirut Boat
Energy Lebanon
Project Lebanon
Heavy Max
Project Qatar
Qatar Hospital Build
Qatar School Build
Qatar Sports Infrastructure
Qatar StoneTech
Qatar Transport & Logistics
Iraq Agrofood Baghdad
Saudi Arabia
Riyadh Motor Show
IFP Group 2018 - © All rights reserved