Spinneys Plans 10-Store Expansion in Kuwait with Alshaya JV

UAE-based premium fresh food retailer Spinneys is set to enter the Kuwaiti market through a strategic joint venture with Alshaya Group, Kuwait's leading brand franchise operator. The partnership, in which Spinneys will hold a 51% majority stake and manage all operations, plans to open 10 stores starting in 2026, marking Spinneys' entry into its fourth GCC market after the UAE, Saudi Arabia, and Oman. Kuwait is viewed as a high-growth retail market due to its affluent consumer base, and Spinneys aims to capitalize on this with its premium grocery offerings. The expansion is part of Spinneys' broader regional growth strategy, having recently opened 12 new stores in the UAE and two in Saudi Arabia. Spinneys, which operates 86 supermarkets across its brands and is listed on the Dubai Financial Market, sees this move as a significant milestone to extend its presence across the Middle East. Both companies emphasized the strong growth potential and shared values underpinning the joint venture.