Italy’s Sopria Holding to set up supermarket chain in Egypt

Egypt has signed an agreement with Italy’s Sopria Holding to set up a new Italian supermarket chain in Egypt, the Supply Ministry said, without disclosing the name of the chain. The Italian company owns and operates Crai supermarkets. There were also no further details on the expected investment value or timeline. Sopria’s entry into Egypt will mark the first foray into the market for an Italian supermarket, and comes following a recent expansion to Switzerland and Malta.