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DUBAI (Reuters) - Saudi Arabia’s Fawaz Alhokair Group will add more physical retail stores and expand its food and beverage offering this year, betting consumers still want to shop in-store despite the pandemic changing spending habits.
FILE PHOTO: Makkah Mall, one of the shopping malls operated by Arabian Centres, owned by Fawaz Alhokair Group, is pictured in Makkah, Saudi Arabia, April 17, 2019. REUTERS/Waleed Ali
Chief Executive Marwan Moukarzel said on Tuesday people had recently returned to shopping centres in large numbers, sometimes reaching capacity limits under current coronavirus restrictions.
“I am hopeful retail is going to bounce back pretty fast,” he told an online industry conference.