Mydin to invest RM500mil to open five new hypermarkets

Mydin's retail business has been growing from strength to strength.

KUCHING: Mydin Mohamed Holdings Bhd, which owns Mydin, the country’s largest hypermarket chain, is to invest RM500mil to open five new hypermarkets nationwide.

Mydin Mohamed Holdings’ principal architect Hiew Hong Keat said the five new outlets included three hypermarkets here and one each in Malacca and Kedah.

“Mydin has invested RM25mil to open its 25th hypermarket outlet in CityOne Megamall Kuching here which will be ready by December.

“We also invested RM70mil on a Mydin hypermarket in Bandar Baru Samariang which will open tomorrow (Friday) and another hypermarket in Vista Tunku, Petrajaya, soon.

“With the three projects, Mydin will create about 1,000 jobs,” Hiew told reporters in Kuching on Thursday after the signing of a memorandum of understanding (MoU) between Kenbest Sdn Bhd and Mydin Mohamed Holdings Bhd, witnessed by Deputy Chief Minister Datuk Amar Abang Johari Tun Openg.

Hiew said Mydin was also keen to spread its wings to other towns in Sarawak such as Sibu, Bintulu and Miri.

“We hope to get the same kind of collaboration that we have with Kenbest when we venture into future projects in Sarawak,” he added. - Bernama