Cairo, Egypt: Today, in the presence of their Excellencies, the Prime Minister of Egypt, Ahmed Nazif; the Minister of Trade and Industry, Rachid Mohamed Rachid; the Minister of Agriculture, Amin Abaza; the Minister of Local Development, Abdelsalam Mahgoub; and the Governor of Qalioubaya, Adly Hussein , Makro Egypt launched its second wholesale store. Located in Qalioubayia, the store will help meet the needs of the companies growing customer base, which has been expanding since the launch of Makro's first store in Salam City two months ago.
Elaborating on the launch of the Qalioubayia store, HE Minister Rachid Mohamed Rachid said "Egypt is considered a prime investment market not only in the MENA region, but in fact more and more on the international level as well. Our retail market is one of the largest in the region and the potential for growth is still exponential, investors are recognizing this."
Adding to HE Minister Rachid Mohamed Rachid's comments, the Governor of Qalioubaya Adly Hussein said "We expect the opening of the Qalioubaya store to be an extremely positive step forward for this local community. The store has already been a source of employment to our local residents and will significantly help in supporting the business development of the professional customers of Qalioubaya."
Commenting on the Qalioubayia store, Makro's Regional Operating Officer for the Middle East North Africa (MENA) Region, Mr. Jean-Luc Tuzes said "Our second store opening is a testament to the strong demand we have already experience in the few short months since we launched in Salam City. Our self-service wholesale business is changing the way businesses view the retail market, and we are both excited and proud to be a driving force in the development and expansion of such a crucial market to the Egyptian economy. Our business model has already been well received by professional customers in Egypt and we are very much looking forward to working together with the people, the businesses and the authorities in Egypt."
The store which spans nearly 10 000 square meters will offer exclusive access to business professionals, housing over 20,000 food and non food products all under one roof. As with their Salam City store, the Qalioubayia store will sell in bulk exclusively tailor their services to the needs of a diverse customer base covering traders, hospitality professionals and business companies.
Elaborating on the many benefits that Makro's store will offer to business professionals, Francois Oliver, Managing Director, Makro Egypt said "For the first time, business professionals will be able to access all of their core needs under one roof. By opening in Qalioubayia, we are expanding are geographical presence within Egypt and therefore providing greater access to the broad professional customer base that we are working to cater to. Our aim is to make the lives of our professional customers as easy as possible. We know that when you run a business time is a valuable asset. By opening in Qalioubayia we are able to offer an additional option to our customers allowing them to choose to visit the store that is the closest and most convenient. In addition to this our business hours, are from 6am to 12pm in the summer and from 6am to 10pm in the winter, a step specifically taken to accommodate to the working hours of professionals."
With more than 20 stores expected to open in the long term, Makro will eventually be located in governorates and cities across throughout the country. Thereby truly changing the way business is done in Egypt and ensuring professionals, and therefore the Egyptian people have access to the best quality produce and services at the most competitive and affordable prices possible.
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About Makro:
Makro is represented in 31 countries with more than 600 self-service wholesale stores. With more than 100,000 employees worldwide, the company achieved sales of € 30 billion in 2009. MAKRO/ METRO Cash & Carry is a sales division of the METRO Group, one of the most important international retailing and trading companies worldwide. In 2008, the group reached sales of € 60 billion. The company has a headcount of more than 280,000 employees and operates about 2,200 outlets in 31 countries. The operating business is performed by the sales brands which operate independently in the market: METRO/MAKRO Cash & Carry, Real hypermarkets, Media Markt and Saturn - market leader in consumer electronics centers in Europe, and Galeria Kaufhof department stores. For more information, please visit: www.metrogroup.de.
Contact:
TRACCS Public Relations:
Amany Aboul Fetouh,
amany@traccs.net
Abeer El Areeny,
abeer.elareeny@traccs.net
Tel: 3304 6860 - 3304 6870 - 3302 8867
© Press Release 2010
