Egypt, S.Arabia step up trade ties through coordination council talks    Egypt reviews progress on $200m World Bank-funded waste management hub    Egypt urges Israel to accept Gaza deal amid intensifying fighting    SCZONE showcases investment opportunities to eight Japanese companies    Egypt, ADIB explore strategic partnership in digital healthcare, investment    SCZONE, Tokyo Metropolitan Government sign MoU on green hydrogen cooperation    Egypt welcomes international efforts for peace in Ukraine    Al-Sisi, Macron reaffirm strategic partnership, coordinate on Gaza crisis    Contact Reports Strong 1H-2025 on Financing, Insurance Gains    Egypt, India's BDR Group in talks to establish biologics, cancer drug facility    AUC graduates first cohort of film industry business certificate    Egyptian pound down vs. US dollar at Monday's close – CBE    Egypt's FM, Palestinian PM visit Rafah crossing to review Gaza aid    Egypt prepares unified stance ahead of COP30 in Brazil    Egypt recovers collection of ancient artefacts from Netherlands    Egypt harvests 315,000 cubic metres of rainwater in Sinai as part of flash flood protection measures    Egypt, Namibia explore closer pharmaceutical cooperation    Fitch Ratings: ASEAN Islamic finance set to surpass $1t by 2026-end    Renowned Egyptian novelist Sonallah Ibrahim dies at 88    Egyptian, Ugandan Presidents open business forum to boost trade    Al-Sisi says any party thinking Egypt will neglect water rights is 'completely mistaken'    Egypt's Sisi warns against unilateral Nile measures, reaffirms Egypt's water security stance    Egypt's Sisi, Uganda's Museveni discuss boosting ties    Egypt, Huawei explore healthcare digital transformation cooperation    Egypt's Sisi, Sudan's Idris discuss strategic ties, stability    Egypt to inaugurate Grand Egyptian Museum on 1 November    Greco-Roman rock-cut tombs unearthed in Egypt's Aswan    Egypt reveals heritage e-training portal    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Makro opens first store in Cairo's Salam City
Published in Daily News Egypt on 30 - 06 - 2010

CAIRO: Makro, a sales division of Germany's Metro Group, opened its first wholesale store in Egypt Tuesday located in Salam City on the outskirts of Cairo.
Twelve more Makro stores are expected to open in the next three years.
At the official opening, Metro Group's CEO for Europe and MENA, Joel Saveuse, said, “Egypt is one of the most important markets in the MENA region and Metro Group has been carefully monitoring the impressive fast paced growth of the Egyptian market.”
“We have big plans for Egypt and we are extremely pleased to be entering this very lucrative market,” Saveuse added.
A tour of the stores' massive 10,000 square meter premises offered visitors a first time glimpse of the wholesale store, boasting lavish displays of fruit, vegetables, poultry, fishes and meats, among 20,000 food and non-food products, all under one roof.
The store will sell in bulk and will exclusively tailor their services to traders, hospitality professionals and business companies. The store's aim is to set the most competitive prices for professionals' core needs giving them the ability to offer a more diverse selection of products and services at affordable prices.
“For the first time, business professionals will be able to access all of their core needs under one roof,” said Francois Oliver, managing director of Makro Egypt,” elaborating on the benefits that Makro's store will offer to business professionals.
“With extended business hours specifically designed to accommodate to the working hours of professionals and tailor-packaged product options to suit the needs of each and every customer that comes through our doors, the store will offer a simple and efficient way for professionals to serve the need of their own customers to the very best of their abilities,” Oliver added.
Oliver stressed that Makro would not only focus on profits but work on the development of the cold chain distribution lines under the auspices of the Ministry of Agriculture, through their Farmers Project.
According to Makro, in a statement issued at the opening, this would shorten the time span “from farm to fork” thereby delivering high quality products to professionals and customers in the Egyptian market.
According to Oliver, the opening of Makro in Salam City is also expected to be the driving force behind the local development of the area with 1,000 Makro Salam City store employees being employed, coming from Salam City and 250 more expected.
“Ninety percent of the store's products are from local Egyptian businesses,” Oliver said.
Makro expects more than 20 stores to open in the medium to long term around the country, each costing about €20 million ($27 million).
Hisham Abdel Moneim, sales manager at Wadi Food, one of Makro's local suppliers, told Daily News Egypt, “Marko is a new concept and we cannot judge whether it will be a success just yet. In general it is a good development and it reminds us of when Carefour first opened in Egypt, starting a trend of hypermarkets,” said Abdel Moneim.
“They have ordered significant quantities from us, but we can only judge their success after the third order in a month or two,” Abdel Moneim added.
“I have confidence in the fact that it is a German brand and the store is definitely impressive. It seems that they are very professional and I hope they manage to achieve their goal of changing the way the wholesale business is done in Egypt market in Egypt,” he added.
Abdel Moneim confirmed that Makro's prices are very competitive saying that Makro offer Wadi Food's products for lower prices than in other stores.
Trade Minister Rachid Mohamed Rachid has said that Makro will boost local trade, Egyptian agriculture as well as improving supply chains.


Clic here to read the story from its source.