UK retail giant Sainsbury’s plans operations hub at Omani port

      Published on Saturday, 2 January , 2021      121 Views     
UK retail giant Sainsbury’s plans operations hub at Omani port


UK-based retail giant Sainsbury‘s is preparing to establish a new operations hub in Sohar Port, Oman to launch more than 12,000 products in the Middle East and Africa region.

National Bank of Oman (NBO) said it has been selected as the onshore banking partner for International Distribution Network, the distribution arm of Sainsbury’s.

Sainsbury’s, a multi-brand, multi-channel retailer, has over 1,400 stores throughout the UK.

Through the operations hub of International Distribution Network set up recently in Sohar, Sainsbury’s now has access to potential markets encompassing the Middle East and Africa, which is home to nearly 1.4 billion people.

From this hub, International Distribution Network plans to supply Saudi Arabia, the UAE, Qatar, Kuwait, Bahrain, Jordan, Egypt and Pakistan, as well as Oman.

Asif Redha, head of Global Transaction Banking at NBO, said: “We are glad to offer our services to International Distribution Network Oman and looking forward to strengthening our mutual collaboration over the coming years. NBO is always at the forefront of providing innovative technological solutions to international and local businesses.”



Shahid Rafique K, director Sales & Operations at International Distribution Network, added: “We are delighted to have chosen NBO as our onshore banking partner and are confident that the collaboration will help us to capitalise on the geographical advantages that Oman offers, as well as its rapidly developing transport and logistics infrastructure, as we seek to grow our presence in the wider region.”

Keywords:
Category Business | 2021/01/02 latest update at 7:00 PM
Source : Arabian Business | Photocredit : Google
122 Views
Comments Add comment



Gulf Media

Related Articles

The editorial staff of Oman Today would like to give all of its readers from Oman and Gulf and the whole world the opportunity to participate actively in the development of the website! If you have something interesting, fun, scandalous - just something worth to be seen from more people. Capture it and share it in the Oman Today with a short text.

Do you have information you want to reach our readers?

Send article/s

You can subscribe to our Facebook, Twitter pages or use our RSS feed channel to always read the most important news about Oman, the Gulf and the world.