Nesto Group opens new hypermarket in Qatar, plans for 10 stores by 2026
text_fields
Doha: Nesto Group has officially signed an agreement with The Commercial Avenue to open its inaugural hypermarket in Doha. The new flagship store will cover an expansive 180,000 square feet over two floors, promising an unparalleled shopping experience characterized by high-quality products at competitive prices. The grand opening is slated for the second quarter of 2025.
The agreement was formalized at a signing ceremony attended by key figures in the industry, including Mr. Sandeep Rajagopal, Head of Project & Infrastructure at Nesto Group, and Mr. Abdulla Abdulrazaiq Haidar, CEO of The Commercial Avenue. Dignitaries at the event included Mr. Fahad Abdullatif Al Jahrami, Chairman of the Board at The Commercial Avenue; Mr. Sharfuddeen MTK, Group Finance Controller; Mr. Rashid Aramam, Head of Buying; Mr. Muhammed Nizar, Executive Officer Projects from Nesto Group; along with Mr. Ahmed Tallat Elbanna, Head of Sales and Mr. Nasser Al Emadi, Property Manager from The Commercial Avenue.
Nesto Group's ambitious plans extend beyond this single hypermarket. With an investment of 2 billion Qatari Riyals, the group aims to launch a total of 10 hypermarkets across Qatar by 2026, with four additional projects currently in the works. This strategic expansion reflects Nesto Group's commitment to transforming the retail landscape in the GCC, ensuring that customers have access to world-class shopping experiences.
This partnership with The Commercial Avenue marks a pivotal step for Nesto Group as it continues to solidify its presence in the Qatari market, positioning itself as a leader in the region's retail sector. The forthcoming hypermarket is expected to become a central hub for shoppers, offering a diverse range of products and services tailored to the needs of the local community.
