Four private retail chains in talks to operate Supply Ministry outlets

Four privately-owned hypermarket retail chains have presented offers to the Supply Ministry’s Internal Trade Development Authority (ITDA) to upgrade and operate 20-30 outlets where subsidized commodities are sold, Authority head Ibrahim Ashmawy tells Al Shorouk without disclosing their names. The government will launch a tender to partner up with the private sector on the development and management of food retail outlets across Egypt’s governorates over a period of four years. We had noted last month that ten retail chains, including Carrefour, Spinney’s and Metro approached the Ministry to bid on the project.