Jarir Marketing Co. announced the establishment of its first branch in Bahrain with total investments of about BHD 4 million ($10 million).
First Bahrain Real Estate Development Company (First Bahrain) will carry out the construction and development works of the new branch in Seef District, according to a statement issued by Bahrain Economic Development Board (EDB).
Expected to be open by 2020, the new showroom “will be integrated into a larger commercial development featuring over 79,000 square feet of premium retail space, built on 114,000 square feet of land,” the statement added.
The retail complex project, valued at nearly BHD 14 million ($36.7 million), will include cafes, restaurants, entertainment, and retail shops.
In 2018, Jarir Marketing, listed on the Saudi Stock Exchange (Tadawul), reported SAR 7.3 billion in revenues and SAR 960 million in net profits.