GMG opens mega-warehouse facility in Riyadh

Riyadh – Mubasher: Gulf Marketing Group (GMG) has announced the opening of a new mega-warehouse facility in Riyadh to serve its growing customer base.

The new warehouse will initially support the company’s growing GMG Sports division, which today caters to the growing appetite of Saudi consumers for high-quality, authentic sports apparel, according to a press release on Monday.

Moreover, it will serve homegrown GMG Sports brands beginning with Sun and Sand Sports, while the company is also a distributor for global brands like Nike, Columbia, Timberland, Vans, in the kingdom.

According to industry reports, the Saudi retail industry is poised for continued growth, with a recent Euromonitor study stating that the sector is expected to reach $119 billion in value by 2023.

GMG’s new 23,000 square-meter warehouse provides a ten-fold increase in local capacity and features advanced technologies that facilitate increased productivity.

“Saudi Arabia’s retail sector has both expanded and matured in recent years, yet it still retains huge untapped potential. We have only scratched the surface. The continued diversification of the national economy, support for foreign direct investment, and other policies are all contributing to the sector’s evolution,” Deputy Chairman and CEO of GMG, Mohammad A. Baker, said.

Over the last several years, GMG, one of the Middle East's leading family-owned holding companies, has been expanding its global operations with a portfolio of brands that now covers various sectors such as sports retail, food, healthcare, and logistics.

Mubasher Contribution Time: 25-Jan-2021 07:30 (GMT)
Mubasher Last Update Time: 25-Jan-2021 07:30 (GMT)