{"id":596870,"date":"2019-07-10T04:18:29","date_gmt":"2019-07-10T04:18:29","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/10\/egypts-hyperone-to-invest-egp-5-bn-on-developing-new-existing-branches\/"},"modified":"2019-07-10T04:18:29","modified_gmt":"2019-07-10T04:18:29","slug":"egypts-hyperone-to-invest-egp-5-bn-on-developing-new-existing-branches","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/10\/egypts-hyperone-to-invest-egp-5-bn-on-developing-new-existing-branches\/","title":{"rendered":"Egypt\u2019s HyperOne to invest EGP 5 bn on developing new, existing branches"},"content":{"rendered":"

<\/a> INVESTMENT WATCH- HyperOne to invest EGP 5 bn on developing new and existing branches:<\/b> Retail chain HyperOne will spend EGP 5 bn on new and existing branches \u201cin the coming period,\u201d regional legal advisor Mohamed Magdy Saleh told Amwal Al Ghad. The retailer is planning to open a branch in New Sphinx early next year, followed by two more at unspecified locations towards the end of 2020. HyperOne currently has two branches<\/a> near Cairo \u2014 one in Sheikh Zayed and another on the Cairo-Ismailia desert road. The latter was inaugurated more recently.<\/p>\n

Other investment plans: <\/b>HyperOne has recently signed a final MoU with the Supply Ministry\u2019s Internal Trade Development Authority to operate a subsidized commodities outlet. It was among eight others who inked contracts with the ITDA earlier this week<\/a> to take part in EGP 23 bn-worth of planned commercial facilities in a number of governorates. We noted last year<\/a> that HyperOne is looking into a potential EGX debut by the end of this year.<\/p>\n","protected":false},"excerpt":{"rendered":"

INVESTMENT WATCH- HyperOne to invest EGP 5 bn on developing new and existing branches: Retail chain HyperOne will spend EGP 5 bn on new and existing branches \u201cin the coming period,\u201d regional legal advisor Mohamed Magdy Saleh told Amwal Al Ghad. The retailer is planning to open a branch in New Sphinx early next year, […]<\/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":[72,125,338,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-596870","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-investment-watch","tag-retail","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"b275b1d1-30d7-4976-88c1-82cf79eb7a20","is_powered_by":true,"section_story_id":"5a0359c3-b672-420a-883b-3f929614fc31","story_type":"1","photo_url":"","photo_position":"above","related_issue":[596859],"teaser":"","voice_url":""},"yoast_head":"\nEgypt\u2019s HyperOne to invest EGP 5 bn on developing new, existing branches - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/10\/egypts-hyperone-to-invest-egp-5-bn-on-developing-new-existing-branches\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt\u2019s HyperOne to invest EGP 5 bn on developing new, existing branches\" \/>\n<meta property=\"og:description\" content=\"INVESTMENT WATCH- HyperOne to invest EGP 5 bn on developing new and existing branches: Retail chain HyperOne will spend EGP 5 bn on new and existing branches \u201cin the coming period,\u201d regional legal advisor Mohamed Magdy Saleh told Amwal Al Ghad. 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He provided no additional details on the size or timeline for the transaction, adding only that the\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":634356,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/14\/hyperone-to-build-new-branch-in-solaimaneyah-city-this-year\/","url_meta":{"origin":596870,"position":1},"title":"HyperOne to build new branch in Solaimaneyah City this year","author":"enterpriseam admin","date":"14 January 2018","format":false,"excerpt":"INVESTMENT WATCH- Retail chain HyperOne is planning to open a EGP 500 mn branch in Solaimaneyah City this year, founder and Chairman Mohamed El Hawary tells Al Masry Al Youm. 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The executive vehemently denied news reported earlier this week that the retailer had received two separate bids to acquire a controlling stake from a foreign investor entering the country for the first time,\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":600168,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/21\/hyperone-seoudi-and-carrefour-win-tenders-for-new-retail-complexes\/","url_meta":{"origin":596870,"position":4},"title":"HyperOne, Seoudi, and Carrefour win tenders for new retail complexes","author":"enterpriseam admin","date":"21 January 2019","format":false,"excerpt":"Supermarket chains HyperOne, Seoudi, and Carrefour won tenders issued by the Supply Ministry to develop 7 retail complexes in Cairo, Alexandria, Giza, and Qena, reports Al Mal. 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