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Friday, September 17, 2010

Mydin to expand reach with 14 more outlets

MYDIN Mohamed Holdings Bhd, the owner and operator of the Mydin chain of wholesale stores and hypermarkets, plans to make its presence felt in more areas in the country by opening another 14 outlets nationwide.

The group will invest about RM1.6 billion to open the new outlets in the next three years.

Mydin managing director Datuk Ameer Ali Mydin said the hypermarket has bought 14 plots of land valued at RM165 million in various strategic locations in the country.

"Our aim in the next three years is not only to open new hypermarkets, but also mini supermarkets in major towns such as Kuching, Kota Kinabalu, Sungai Petani, Bukit Mertajam, Kota Bharu, Kuantan, Johor Bahru, Kuala Terengganu, Seremban and Kajang," he told reporters at the Mydin Hari Raya open house and the countdown to Malaysia Day at the Mydin Mall in Malacca on Wednesday.

"Soon, we will open Mydin stores in Manjoi and Meru Raya in Perak. It would be our 56th and 57th stores," he said.

The countdown to Malaysia Day was officiated by Malacca Chief Minister Datuk Seri Mohd Ali Rustam. Also present was the state's Transportation, Information and Consumer Affairs committee chairman Datuk R. Perumal.

On the operations of the Mydin stores in Malacca, Ameer Ali said its three stores there are the second biggest contributors to the group, after those in the Klang Valley.

By Business Times

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