Cenomi Retail opens new Zara store in Azerbaijan

14/10/2024 Argaam
Logo ofFawaz Abdulaziz AlhokairCo. (Cenomi Retail)

Logo of Fawaz Abdulaziz Alhokair Co. (Cenomi Retail)

Fawaz Abdulaziz Alhokair Co. (Cenomi Retail) announced the opening of a new Zara store at Crescent Mall in Azerbaijan, according to a statement to the Saudi Exchange (Tadawul).
 
 

This followed the opening of six new Inditex stores in 2024, at Baku’s iconic shopping destination.

 

The Saudi firm expects solid revenue growth of 20% in Azerbaijan in 2025, thanks to positive economic climate and the estimated growth of the non-oil industries, especially retail and tourism.

 

Further, it expects 500,000 visitors annually as the company continues to target prime locations with strong footfall.

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