Union Coop, the largest consumer cooperative in the UAE, opened ‘Coop Factory’ – one of the largest commodity warehouses in the Middle East and its wholesale branch to sell food and non-food commodities.
The new warehouse is located in the Al Tayy suburb of Dubai and will sell commodities at wholesale prices, which will be at discounts ranging between 15 to 20%, it said. The total area of the warehouse and the Union Coop branch is around 424,442 sq ft.
The facility is equipped with the best modern technology to secure a sustainable commodity stock that meets all needs in different circumstances.
Talking about the importance of this initiative, Khalid Humaid Bin Diban Al Falasi, the CEO of Union Coop, said: “This comes within the framework of supporting the wise leadership’s direction and translating the rational aim of providing sustainable food resources in the country and building a food security system as a top priority.”
Al Falasi further highlighted that: “The new branch includes about 10,000 food and non-food products with a capacity to accommodate over 200 shoppers at a time, with the supermarket spanning a total area of 15,000 sq m in a strategic area away from congestion,” adding that the new branch is designed on the concept of self-service.”
Al-Falasi added: “Since the beginning of the crisis, Union Coop provided strategic commodity stocks without charging the state or the shareholders any additional expenses or burden and contributed to building a food security & support system and maintaining the stability of markets and prices in the country, as well as harness all the capabilities to serve the country and the citizen away from material goals, indicating that the new branch represents a kind of community service because the profit margin covers operating expenses only, which guarantees the best prices while maintaining the high quality of products.”
Source: Trade Arabia
- Almost 5,000 hotel rooms to be added before the FIFA World...
- Saudi Arabia to use oil windfall to boost private sector
- Saudi 2030 hospitality vision to cost $110bn, says report
- UAE President Sheikh Mohamed bin Zayed to focus on...
- Saudi economy grows at fastest pace in a decade on rising...
- See the blog
- Success Stories