ADNOC Distribution eyeing entry into Egyptian market?

INVESTMENT WATCH- ADNOC Distribution eyeing entry into Egyptian market? Emirati fuel retailer ADNOC Distribution is looking at Egypt as a potential market for its planned expansion out of the UAE, COO Mohammad Al Hashimi tells Bloomberg TV (watch, runtime: 7:15). Al Hashimi said that he sees Egypt as a “great market” with “massive growth,” positive macro indicators, and rising income levels. He otherwise remained tight-lipped on his company’s expansion plans, saying other countries in North Africa could also be target markets for ADNOC Distribution.