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Commercial Street Company has announced a significant step forward in its strategy with the signing of a long-term lease agreement with Al Saif Gallery Trading Company, one of the most prominent names in the home appliances and lifestyle retail sector in the Arabian Gulf region.
The agreement was signed by Mr. Abdullah Abdul Razzaq Haider, CEO of High Street Company, and Mr. Mohammed bin Sulaiman Al-Saif, CEO of Al-Saif Gallery Trading Company. The agreement represents the opening of Al Saif Gallery’s first branch in the State of Qatar and the 72nd branch in its network of branches in the Gulf region.
Al Saif Gallery was established in Riyadh, Saudi Arabia in 2006 and has quickly gained a reputation for the diversity and quality of its products, becoming the first choice for many families in the region. The company currently has 71 branches. The opening of the Qatar branch is part of its continued expansion strategy in the region.
In this context, Mr. Abdullah Abdul Razzaq Haider, CEO of High Street Company, expressed his pride in the partnership, saying: “High Street welcomes Al Saif Gallery to our business community… This partnership helps enhance our commercial value offering and reflects our commitment to developing strategic partnerships to support… growth and innovation… We are confident that the new branch will be a valuable addition that will help enrich the shopping experience at High Street.”
Mr. Mohammed bin Suleiman Al-Saif, CEO of Al-Saif Gallery Trading Company, said: “We are proud to have chosen Commercial Street as the strategic location for our first branch in Qatar, which will enhance our expansion in the Arab region. This long-term agreement with Commercial Street is a key step in our growth strategy and we look forward to providing an exceptional shopping experience to our customers in the Qatari market.”
Within the framework of its ambitious strategy, Commercial Street has successfully attracted important investments from the Arab Gulf countries to the Qatari market. These investments have enhanced Commercial Street’s position as a leading commercial center and helped to provide a variety of commercial and service options, thus benefiting the local community and strengthening the Qatari market in the region. “Commercial Street” is a mega commercial project with a total length of 8.5 kilometers, which is considered to be the longest and largest first-phase commercial project in the world. It is known for its unique location in the center of Doha.
Commercial Street consists of more than 300 fully leased residential units of various sizes, office spaces and commercial showrooms, equipped with efficient facilities and 24-hour security and surveillance systems. Commercial Street always strives to provide an excellent shopping experience and consolidate its position as the leading commercial center in the region. Due to its excellent location and modern equipment, Commercial Street is considered a destination for investors and project owners.
The agreement marks the beginning of a new chapter in the growth and development of both companies and reflects their continued efforts to increase investment opportunities and promote the development of the Qatari market and the GCC markets.
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