logo-en
  • Home
  • Companies
  • Investors
    • Home
  • FinTech Hub
  • News
LoginRegister
  • english iconEnglish
  • english iconArabic
  1. Mubasher News
  2. China’s WEMART lands its first store in Saudi Arabia

China’s WEMART lands its first store in Saudi Arabia

GHADA.ISMAIL
Dec 29, 2024
This launch marks the first Chinese hypermarket penetrating the Saudi Market

Riyadh – Sharikat Mubasher: Chinese Hypermarket WEMART launched its first branch in Saudi Arabia, bringing the warmth of home to the Chinese expats in the Kingdom.

Chang Hua, China’s Ambassador to Saudi Arabia announced the news on his official account on x.com, expressing his delight with this launch which marks the first Chinese hypermarket chain penetrating the Saudi Market.

Located in Khurais Square Riyadh, WEMART will bring high-quality commodities and delicious food from China and even Asia all harvested from its own farm to all Asian food lovers in Saudi Arabia.

Founded in Dubai by Sun Jiansheng, a businessman from Wenzhou, China, in 2006, WEMART has evolved from a small shop into a commercial giant that integrates multiple industries such as retail supermarkets, farms, e-commerce, and logistics.

Now, with its first comprehensive mall in Saudi Arabia, WEMART’s future development is attracting significant attention, in comparison with giant rival, Lulu Retail from India.

Tags

WEMART
hypermarket
Saudi Arabia
Share

Attract clients with your ad

Start Now

Trending

Kingdom inaugurates its Heavy Equipment Connect Forum at Dhahran Expo
MUBASHER.SA
Horizon partners with Northgate to support Swedish firms entering Saudi market
MUBASHER
Global event agency Catapult expands into Saudi Arabia backed by AstroLabs
MUBASHER.SA
Saudi Arabia to host WTM Spotlight Riyadh in September
MUBASHER.SA
RDI unveils Wadi Jeddah Innovation Hub to support startups
Riyadh – Sharikat Mubasher: The Research, Development, and Innovation Authority (RDI) officially launched the Wadi Jeddah Innovation Hub (WJIH), a new integrated district aimed at strengthening the Kingdom’s innovation ecosystem and supporting startups, investors, and knowledge-driven businesses.Developed by Wadi Jeddah Company, the facility brings together office space, incubators, accelerators, and development plots within a single innovation-focused environment. The project includes 57 startup headquarters, seven office buildings, and more than 53,000 square meters of administrative and commercial space, alongside 28,500 square meters of planned development land.The Hub is designed to serve startups, established companies, and investors, offering shared workspaces, business services, and dedicated areas for events and collaboration. It adopts an integrated operating model that combines international expertise with local capabilities.As part of its global positioning, the project has entered a strategic partnership with Cambridge Innovation Center (CIC) to operate the innovation hub and link it to an international network of more than 650,000 innovators worldwide.For his part, Sattam bin Saud Lingawi, CEO of Wadi Jeddah Company, said the hub aims to incubate 30 startups annually. The program, which began three months ago, has already supported 10 companies working across sectors including healthcare, smart cities, food tech, and IT.Wadi Jeddah Company, King Abdulaziz University’s investment arm, attracts both local and international companies, from inside and outside the university, with the goal of turning innovative ideas, research, and patents into economic projects. The hub’s programs last nine months, divided into three stages, offering tailored support based on each startup’s activity, resources, and target product.

Related News

Private Equities News
Calendar Icon
Feb 3, 2026
Kingdom inaugurates its Heavy Equipment Connect Forum at Dhahran Expo
Read More
Private Equities News
Calendar Icon
Feb 3, 2026
Horizon partners with Northgate to support Swedish firms entering Saudi market
Read More
Private Equities News
Calendar Icon
Feb 3, 2026
Global event agency Catapult expands into Saudi Arabia backed by AstroLabs
Read More
Private Equities News
Calendar Icon
Feb 3, 2026
Saudi Arabia to host WTM Spotlight Riyadh in September
Read More
Private Equities News
Calendar Icon
Feb 3, 2026
RDI unveils Wadi Jeddah Innovation Hub to support startups
Read More
Private Equities News
Calendar Icon
Feb 3, 2026
PwC to open more offices across Saudi Arabia
Read More
Private Equities News
Calendar Icon
Feb 3, 2026
PMI eases to 56.3 as Saudi non-oil sector expands
Read More

Sharikat Mubasher Newsletter

Get insights and exclusive content from the world of business and finance that you can trust delivered to your inbox

Email is Required
Should be a valid email

Democratizing private equity investments

  • Home
  • Companies
  • Investors
  • FinTech Hub
  • News
  • Contact Us
  • Sitemap
2024 All rights reserved to Sharikat Mubasher