BinDawood invests SAR 1.5B in robot-run stores: CEO

Ahmad BinDawood, CEO of BinDawood Holding Co.

Ahmad BinDawood, CEO of BinDawood Holding Co., stated that the company, along with strategic partners, has set a target budget of SAR 1.5 billion to invest in e-commerce infrastructure and develop supply chains, aiming to operate stores using robotics.

In an interview with Argaam during the 10th Annual EFG Hermes Conference in London, BinDawood explained that this infrastructure will enhance the company's efficiency in the market, boosting profitability.

He mentioned that the e-commerce stores will range between 30,000 to 50,000 square meters, with smaller distribution centers of 2,000 to 3,000 square meters spread across Saudi cities.

He added that product adjustments are a company priority, with a focus on personal care and pharmaceutical products.

Currently, the company is focusing on expanding within Saudi Arabia, aiming to establish a presence in all regions before considering expansion into the Gulf.

Geographic expansion could happen through additional opportunities, acquisitions, or franchising.

He noted that the market shows strong growth potential, with tourism development and Saudi's investment plans contributing to BinDawood's strategy adjustments, resulting in excellent 2023 results despite demographic changes.