By |Soren Billing www.arabianbusiness.com
Convenience store Last Minute said on Sunday it could yet be involved in stores on the Dubai Metro Green Line, despite pulling out of a deal for 18 retail outlets on the Red Line.
A company spokesman said it had yet to make a decision on the 10 stores on the Green Line, which is set to open next year.
A report in Arabian Business on Thursday stated that the company has decided to withdraw from all 28 stores it won the bidding for earlier this year.
Last Minute’s operations manager Bhagwan Bas earlier said the decision to pull out of the Red Line hinged on the fact that the RTA would give the company a rent free period of three months, but required the rest of the two year contract’s rent to be paid in advance.
On Sunday, a company spokesman insisted that 10 stores could still open on the Green Line, adding: “We’re not sure. Once the Red Line is up and running we will make a decision in conjunction with the Roads and Transport Authority (RTA). We have a good relationship with the RTA.”
The company has paid a deposit of AED120,000 and not AED500,000, he added.
