Lulu strengthens retail presence in Qatar with opening of 15th hypermarket

QATAR – Emirati multinational conglomerate company LuLu Group has strengthened its position in Qatar’s retail market with the opening of its 15th store at Abu Sidra.   The new 24,000sqm store is spread over two levels and promises innovations that will transform the retail shopping experience for many Qatari shoppers.  The store is for instance equipped with smart technology such as self-checkouts to make the shopping experience smoother.  It also features Qatar’s biggest and most comprehensive Zero Waste refill station where shoppers can refill reusable containers with dry goods including pasta, grains and…

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Eat Just to build the first-ever cultivated meat facility in the Middle East and Northern Africa

QATAR – Alternative protein company Eat Just is set to build a cell-cultured meat facility in Qatar which will be the first-ever facility of its kind in the Middle East and Northern Africa (MENA) region.  To make the project a success, Eat Just, Inc. has signed a collaborative agreement with Doha Venture Capital (DVC) and the Qatar Free Zones Authority (QFZA).  Thanks to the collaboration, the facility will be located in the Umm Alhoul Free Zone, one of two free zones overseen and regulated by QFZA, with direct access to Hamad Port, Qatar’s main seaport.  The new facility  is expected…

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Qatari dairy company Baladna Food Industries to raise US$392m in IPO

QATAR – Baladna Food Industries, Qatar’s largest dairy and beverage company will launch an initial public offering  (IPO) this month, that could raise 1.426 billion riyals (US$392 million). In the IPO, the company plans to sell 75% of its share capital on the Qatar Stock Exchange, whose proceeds will be used to strengthen the company’s balance sheet, reports Reuters. According to a statement issued by the company, strategic investors including the General Retirement and Social Insurance Authority and local food companies have committed to buying 23%, while the Qatari public…

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