Makro Egypt plans major expansion

Despite losses suffered after revolution, Makro Egypt makes significant investments in the country.

 Makro Egypt (Metro Cash & Carry in Egypt) plans to invest 400 million Euros over the next 5 years and open 20 additional stores. The expansion is planned in the country's major cities with more than half a million people.

The losses caused by the revolution amounted to over € 20 million. But the group is confident, the Egyptian market is considered as the largest in the region and offers a high growth potential. Makro Egypt currently has two outlets with 100,000 customers, the additional stores are expected to attract 2 million customers.
 

source : businessportal24