Saudi Panda eyes more branches in Egypt, developing 20 consumer complexes

Saudi-based Panda Retail Company has submitted a request to Egypt’s Supply Ministry to invest in more than 16 land plots by establishing commercial chains, Minister Khaled Hanafy said Thursday.

The Saudi firm also requested to upgrade around 20 branches of Alexandria for Consumer Complexes Company- Alex Markets in addition to providing training for the employees.

The minister made these remarks during his meeting with Panda’s Executive Director for Egypt Hossam El-Meligy in the presence of Ahlam Roshdy , chairman of Egypt’s Internal Trade Development Authority (ITDA).

Hanafy stated that a massive number of investors have submitted requests to ITDA to invest and establish commercial chains on 733 plots with the space of 6.2 million square meters in addition to developing 366 consumer complexes branches whose spaces are estimated at 242,000 square meters all over Egypt.

Panda Retail Company is one of the biggest companies of the retail sector in the Middle East with 463 branches including Hyper Panda and Pandati in 41 cities of the Kingdom.