OMAR EFFENDI Targets 3 Million EGP Sales In 2012

OMAR EFFENDI  -a company belonging to The Holding Company for Construction and Urbanization that follows the public sector- is targeting a sales volume of 3 million EGP during 2012 from its new branches that were opened by the beginning of this week.

Hassan Lazem – Chairman of the Associative Committee- said that OMAR EFFENDI has took the first step through operating the company, as branches have been updated with all kinds of products in competitive prices, especially after contracting with a number of new suppliers in order to develop the supplies, and seizing better levels of productivity, such as the two new suppliers;  Al Taawon, and Star tank.

Hassan clarified that the partnership proposals that the company intends to make, should contribute in the circulation process within the next few months, as OMAR EFFENDI received 6 proposals from different companies aiming at offering their products in the companies’ branches, and he also added that the technical envelops of the proposals will be screened during the next week to choose the partnership.

The newly opened branches included; Downtown branch in Adly St., Giza branch in Morad St., El lakany St. branch in Heliopolis, Roxy Sq. branch, El Sawalhy branch in Makram Ebied St., Hejaz Sq branch, and Ahmed Orabi branch in Mohandeseen.

To be mentioned that the Administrative Court of the State decided the annulment of OMAR EFFENDI’s selling contract to the Saudi business man “Al kanbeet”, what resulted in retaining the company to the public sector with no public debts.