PHOTO
- Under the auspices of Ministries of Investment and Supply, GAFI and ITDA
Cairo: Egypt Retail Summit (ERS 2019), the first retail mega event of its kind in Egypt and the Middle East, was held in April under the auspices of Ministry of Investment and International Cooperation, Ministry of Supply and Internal Trade, General Authority for Investment and Free Zones (GAFI), and Internal Trade Development Authority (ITDA).
The Summit was joined by leading global retail professionals and experts from all over the world; as it brought together more than 750 attendees, and over 200 CEOs of major companies. The event was also attended by government officials including Dr. Ibrahim Ashmawy, First Assistant Minister of Supply for Investment and Head of the Internal Trade Development Authority, Dr. Mohsen Adel, CEO of GAFI Investment Authority, Ahmed El-Wakeel, Head of Chamber of Commerce, Hossam Farid, consultant to the Minister of Trade and Industry for SMEs, and HE. Ahmed Salem, Member Board of Directors - Chamber of Commerce & Industry – UAE.
ERS 2019 presented an opportunity for retailers to share their expertise and discuss the challenges facing the retail sector and for the governmental and private sectors to discuss potential collaboration opportunities, with more than 45 speakers from the world's retail industry who contributed to an open dialogue between business owners and experts on how to achieve the greatest returns towards fair competition in markets and keeping abreast of the evolving retail industry sector, including Timothy Earnest, CEO of Al-Futtaim Malls.
ERS 2019 included 6 discussion panels and 5 international keynote speeches; deliberating on several key topics on how to build a winning retail model in New Urban cities, the future of retail in Egypt: Challenges Vs. Opportunities, women’s role in the fashion industry and unlocking their potential in the Retail Sector in the MENA region, the role of retail brands and creating a distinct purchasing power, the latest retail strategies and e-business applications, and the optimal model combining traditional trading methods and other e-commerce methods.
“We are delighted to be here in the first retail summit in Egypt and the region. It provides an opportunity for retailers from the Egyptian public and private sectors to share their expertise and exchange their insights on strategies for a radical development the retail industry in Egypt,” stated Dr. Ibrahim Ashmawy, First Assistant Minister of Supply for Investment and Head of the Internal Trade Development Authority.
Ashmawy added that this event shares the same objectives as the Egyptian government’s Egypt vision for 2030, which seeks to develop the Egyptian economy and achieve sustainable growth through enhancing the retail industry and internal trade affairs. He reiterated that ERS is a real opportunity to transform the retail sector into a major power leading the economic renaissance.
“ERS 2019 is a point of change in the Egyptian retail industry. The summit comes in a stage of continuous growth in the Egyptian economy. Last year statistics by the Central Agency for Public Mobilization and Statistics show that the retail sector is the most attractive sector for employers in the first half of 2018, which highlights the Egyptian retail market’s growth potential,” stated Marwan Abdelrazik, CEO and Founder of BiznEx.
The ERS event included an award ceremony where top 20 Egyptian retail companies were awarded for their contribution to the development of the retail sector and their influential impact on the economic and investment scene.
During the award ceremony, Dr. Ibrahim Ahsmawy delivered the honorary awards to National Bank of Egypt, AL-Futtaim group Malls, Landmark Leisure | Landmark Group, Khadamaty, Al Mansour Group, Senwan Compnay (SARL), Carina, Kazyon, Eva Pharma, Venti, Maa AlThahab, Marakez, SWVL, Aramex Logistics company, VictoryLink, Big Billboard, B2B, JLL: Commercial real estate | Property investment, EG Gate, and Déjà vu shoes.
About BiznEx:
Biznex is the Go to Market and Business consulting firm, providing services for businesses seeking development, business start-ups, franchisors, brand-owners and potential investors.
It was founded in 2012, and been endorsing diverse experience from working with different business sectors for over 20 years of experience.
Biznex clients benefit from being the trusted gate for transformation, expansion and local / international market penetration. Biznex also presents to and supports the decision making process of investors and business seekers a wide array of prospective business opportunities in the market with the proper guidance.
Biznex has invented and hosted the biggest investment & business hub in Egypt.
© Press Release 2019Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.
The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.
To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.
