Egypt still appeals to European supermarket vendors
Sainsbury’s, the British supermarket chain, may be looking for a way out of Egypt, but that does not mean that the North African country is no longer attractive to European supermarket chains.
Reportedly, representatives of Metro, the German supermarket chain have been visiting the country, where they met with officials from the General Authority for Free Zones and Investment (GAFI) officials to discuss the expansion of the company’s operation in the region.
According to GAFI, Metro plans to open new distribution outlets, establish a food processing and packaging plant, and to build three cold storage facilities.
During the meetings, the GAFI chairman, Mohammad Al-Ghamrawi, called on the German firm to import into Egypt German technology in food processing and packaging.
Metro has already invested 110 million Egyptian pounds ($29 million) in the Egyptian market, and employs some 2,500 workers in the country. — (Albawaba-MEBG)
© 2001 Mena Report (www.menareport.com)
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