Dubai-based retailer Lals Group plans to open 10 Homes R Us stores in Saudi Arabia as part of its expansion plans into the Kingdom. According to Lals chief executive Jayant Ganwani, the initial openings are likely to be Riyadh and Dammam.
“Saudi Arabia with its 27 million-plus population and the bulk of it in the middle market is ripe for us,” says Ganwani. “We have seen a huge spurt in demand in KSA in the last three months. It is one market that seems to be breaking away from the rest of the train in the GCC.”
Lals Group operates about 2.5 million sqft of retail space across the region with 30 outlets covering brands such as Daiso, Carter’s and Style Studio.
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