Supermarket chain Bim Egypt plans to invest USD 25 mn to open hundreds of new branches, Al Mal reports, citing people familiar with the matter. The Turkish retailer reportedly wants to open as many as 200 branches during the first half of 2023. Bim first entered Egypt in 2013 and currently has 300 branches in the country.

IN OTHER RETAIL NEWS- Burgeoning supermarket chain Mahmoud El Far has opened a new store in Madinaty at a cost of EGP 200 mn, Masrawy reports. This is the company’s second branch in Egypt after opening its inaugural store in New Cairo last year.

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