BIM to expand retail outlets to 300 this year

Turkey’s BIM is increasing its retail outlets in Egypt to 300 this year from 256, Al Borsa reports. There is a need for commercial chains in the Delta and governorates other than Cairo, the company’s regional director says. BIM, which has invested around USD 77 mn in Egypt since it entered the market in 2013, is also building an app that will allow customers to locate its branches and receive discounts.