Investors, partners and local retailers demonstrated their strong support for SouqExtra! by sharing in a special iftar gathering hosted by the national chain of community supercenters on August 16 at Mina A' Salam, Madinat Jumeirah.
"We were very keen to celebrate the success of the past year, which has largely been due to the enthusiastic market response the SouqExtra! concept has received," said Saleh Abdullah Lootah, Managing Director of SouqExtra!. "Our multi-national retail partners and local entrepreneurs who recognized the potential of this unique concept have enabled us to gain strong brand recognition, which in turn has translated into healthy footfall and satisfied customers at the two SouqExtra! outlets opened to date at Ewan Residences in Dubai and Al Buteen in Al Ain."
The Iftar gathering saw company stakeholders and well-wishers, including members of the media, interact with SouqExtra! management, sharing key milestones and success stories since the chain of community supercenters began operating in late 2009. Several attendees congratulated SouqExtra! on the quality of the company's business practices and relationships and its commitment to developing the retail environment within the UAE.
"In the spirit of the season, we thought this would be a good time to express our sincere gratitude to all our valued partners for their trust and belief in the SouqExtra! concept. As Dubai once again sees a resurge of interest in its dynamic retail environment, we thought this would be a great time to thank our existing partners as well as reiterate that SouqExtra! has plenty more in store in terms of bringing new and exciting services to this market. We look forward to developing strong and mutually beneficial relationships with many more leading multi-national and local partners in the years to come."
SouqExtra! is a pioneering lifestyle supercenter model, representing an innovative retail concept shaped by extensive research into outlet positioning as well as the quality and variety of services offered. The confidence in this new retail concept is confirmed by the number of reputed investors who have invested in SouqExtra!, which include the Lootah Group, Emirates Post Group, National Bonds Corporation, Bonyan Holding, Abbasi Group and a number of high net worth individuals.
