{"id":567466,"date":"2020-01-23T04:01:38","date_gmt":"2020-01-23T04:01:38","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/23\/al-alamia-saudi-consortium-to-invest-egp-2-5-bn-in-new-retail-chain\/"},"modified":"2020-01-23T04:01:38","modified_gmt":"2020-01-23T04:01:38","slug":"al-alamia-saudi-consortium-to-invest-egp-2-5-bn-in-new-retail-chain","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/23\/al-alamia-saudi-consortium-to-invest-egp-2-5-bn-in-new-retail-chain\/","title":{"rendered":"Al Alamia, Saudi consortium to invest EGP 2.5 bn in new retail chain"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a> <strong>INVESTMENT WATCH- Al Alamia, Saudi consortium to invest EGP 2.5 bn in new retail <\/strong><strong>chain:<\/strong> <a href=\"https:\/\/www.alalamiatrading.com\/import_export.php\">Al Alamia for Import & Export<\/a> is in final negotiations to partner with an undisclosed Saudi Arabian company to launch a retail chain with an investment cost of as much as EGP 2.5 bn, Chairman of the Board of Directors <a href=\"https:\/\/bit.ly\/2TVgCfM\">Ahmad Shiha told Al Mal<\/a>. He said the stores will sell furniture, household items and cosmetic accessories. Al Alamia, which owns Mercato Mall in Nasr City, signed a cooperation contract with Spinneys earlier this month <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ebfbdf0f-20c5-452b-b676-af255c9fd9e8\">to open a branch in the mall<\/a> this April, at an investment cost of EGP 40 mn.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>INVESTMENT WATCH- Al Alamia, Saudi consortium to invest EGP 2.5 bn in new retail chain: Al Alamia for Import &#038; Export is in final negotiations to partner with an undisclosed Saudi Arabian company to launch a retail chain with an investment cost of as much as EGP 2.5 bn, Chairman of the Board of Directors [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[4455,72,4454,2380,4453],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-567466","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-al-alamia-for-import-export","tag-enterpriseam","tag-furniture-ahmad-shiha","tag-speed-round","tag-spinney","wpautop","entry"],"acf":{"mongo_id":"87b33a15-f26a-46c4-b543-2f278ff510bb","is_powered_by":true,"section_story_id":"49d3a74b-d8a6-4539-9445-8aca2dd62bed","story_type":"1","photo_url":"","photo_position":"above","related_issue":[567454],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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