Chinese investors hope to establish new hypermarket in Egypt

Chinese investors are seeking to establish a new hypermarket in Egypt that will be the beginning of further commercial and industrial investments that will create 100,000 jobs opportunities.

These remarks were made during a meeting with Cairo Governor Khaled Abdel Aal on Sunday.

Chinese investors delegation received by Cairo Governor Khaled Abdel Aal. July 14, 2019.
(Photo Credit: Egypt Today)

The Chinese delegation underlined that the new investment laws and the incentives they provide have driven them to enter the Egyptian market. T

he investors highlighted their wide experience in the retail and wholesale sectors as they own hypermarkets in China, Dubai, and soon Lebanon.

On his side, the governor presented the investment opportunities in Cairo, which is close to the seaports of Alexandria and Suez linking Asia, Africa, and Europe. Abdel Aal vowed to facilitate all measures for the investors, expressing his optimism about the cooperation with the Chinese side.

Source: Egypt Today

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