NESTO Group, a renowned multinational retail chain, has announced its strategic investment of approximately $26 million in Bahrain as part of its initiative to launch four new stores within the next six months. This significant development was disclosed by the group’s executive director, Arshad Hashim KP, during the inauguration of Nesto’s 16th outlet in Hoora.
The upcoming hypermarkets are slated to be situated in key locations including Muharraq, Busaiteen, Isa Town, and Askar, with construction progress swiftly nearing completion, as shared by Mr. Arshad. This expansion drive signifies the group’s unwavering confidence in Bahrain’s thriving economy, fostered under the adept leadership of the kingdom.
Currently, the group employs 200 Bahraini nationals across its operations in the kingdom, reflecting its commitment to the belief in the local workforce as crucial partners in the journey of success. As the business ventures grow, the group aims to further elevate the level of Bahrainisation, aiming to provide more employment opportunities to the local community, the official asserted.
The newly inaugurated 50,000sqft store, graced by the presence of esteemed dignitaries including Industry and Commerce Ministry assistant under-secretary for industrial development Dr. Khaled Alalawi, embodies NESTO’s commitment to providing an enhanced shopping experience to the residents. The outlet, spanning two levels, also boasts a basement car park for 70 cars, alongside an outdoor secure parking facility accommodating up to 500 cars across the road.
Comprehensive offerings at the store encompass a modern supermarket stocked with groceries, fresh produce, meat, seafood, and other essential items, along with a well-equipped department store showcasing electronics, home appliances, kitchen utensils, and lifestyle products. Located off Exhibition Avenue, the store is strategically positioned to serve the needs of residents in Juffair, Adliya, Zinj, and Gudaibiya areas.
Mr. Arshad expressed enthusiasm about the store’s commitment to providing a wide array of quality and value-for-money products under one roof. Additionally, he mentioned that the outlet would introduce limited-period inaugural offers and deals, presenting an array of products at attractive prices. Notably, the group, founded in 1999 by K P Basheer, Chairman of Western International Group, currently operates 117 retail outlets, marking its continued expansion and influence in the retail sector.