German metro company to invest $100 million in Egypt

Published May 3rd, 2001 - 02:00 GMT

A German diplomat has revealed that the German Metro Retailing Group is intending to invest DM 200 million ($95 million) in Egypt. According to Al-Quds Al-Arabi newspaper, the German enterprise is planning to set up an agricultural-food materials distribution chain in the country.  

 

The first phase of the German project will consist of opening 15 wholesale retail stores throughout Egypt to distribute various products, most of which will be locally produced. –(Albawaba-MEBG) 

© 2001 Mena Report (www.menareport.com)


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