Metro AG has revealed that it will open its inaugural Egyptian wholesale outlet this month, a 10,000m2 facility located in the Cairo area that will open its doors on 30 June.
The store could be the first of up to 20 in the country, the group said, as it looks to enhance its position in the growth markets of North Africa and Middle East.
Local reports suggested that the new Makro-branded store would offer some 20,000 food and other products, with around 90 per cent of products sold originating from Egypt.
Metro said that it was considering adding a total of 20 stores in the region but did not give a specific timeline for these, with the outlet – costing around €20m – serving traders, hospitality professionals and businesses.
