Chinese investors to establish hypermarket in Cairo

CAIRO - 14 July 2019: In a meeting with Cairo Governor Khaled Abdel Aal, Chinese investors expressed their desire to establish a hypermarket that will be the beginning of further commercial and industrial investments that will create 100,000 jobs.

The Chinese delegation underlined that the new investment laws and the incentives they provide have driven them to enter the Egyptian market. The investors highlighted their wide experience in the retail and wholesale sectors as they own hypermarkets in China, Dubai, and soon Lebanon.

On his side, the governor presented the investment opportunities in Cairo, which is close to the seaports of Alexandria and Suez linking Asia, Africa, and Europe. Abdel Aal vowed to facilitate all measures for the investors, expressing his optimism about the cooperation with the Chinese side.