Al-Hokair acquires franchise rights to open Decathlon sporting goods stores in KSA
• The new store covers the needs for over 70 sports at affordable prices • Decathlon raises the slogan “Sport for All, All for Sport” to emphasize the importance of sports in improving the quality of life June 25, 2020: In the first half of 2021, the Saudi sporting equipment retail market welcomes an important player as Decathlon, a major French sporting goods retailer with some 45 years of experience, enters the market. FAWAZ Abdulaziz Al Hokair Company, a leading company in the retail sector, announced it has acquired the franchise rights to open Decathlon sporting goods stores in the Kingdom of Saudi Arabia in the first half of 2021. Jeddah’s Mall of Arabia will host the first full-scale store with an expansion plan to open more stores in the coming years to serve sports users and customers all over the Kingdom. The new partnership with the global sports company, Decathlon, comes in line with Al-Hokair’s long-term strategy of transformation into a lifestyle company. Founded in France in 1976 with presence in about 70 countries around the world & more than 1,600 stores, Decathlon is a world leader in sporting equipment, services & products. The company features a broad range of activities including water sports covering over 70 sports in total. Decathlon is well-known for partnering with prominent athletes and combining technology & innovation with sports to give users a better experience every day. Decathlon does its best to cover the needs of everyone, both amateurs & professionals, in its continuous endeavors to translate the slogan “Sport for All, All for Sport” into substance as it believes that sports play an important role in improving the quality of life as well as nation building. Mr. Marwan Moukarzel, CEO, Al-Hokair Company, said:” We are keen to bring the world’s leading companies such as Decathlon to Saudi Arabia. Nowadays, the Kingdom is witnessing huge growth & more interest in sports in accordance with the Saudi Vision 2030, which promotes community-based physical activities & hosting a wide variety of international sports events. The private sector is required to provide all the sporting equipment & products for professionals & amateurs to promote sports”. “The Decathlon sports products are of very high quality & cover most of the sports. We will open more stores in the Kingdom according to our expansion plan starting with Jeddah, the Bride of the Red Sea, to better serve our customers”, Moukarzel concluded.