Saudi retailer Panda wins bid to launch commercial chain in Egypt’s Qalyubia

Saudi-based Panda Retail Company won the bid to establish large commercial chain in Egypt’s Qalyubia governorate on the space of 5,199 m2, Egyptian supply minister Khaled Hanafy said Friday.

He made these remarks during the session of opening the financial envelops that have been submitted by a number of investors to build commercial chain in Qalyubia governorate.

The envelops were opened in the attendance of Hanafy and Head of the Egyptian Internal Trade Development Authority (ITDA) Ahlam Roshdy.

Hanafy added that establishing commercial chains and logistics centres comes among President Abdel Fattah al-Sisi’s initiative to improve internal trade sector and building more chains to provide citizen with food commodities with affordable prices,

Roshdy announced that Panda is set to finish establishing the chain in three months.

She pointed out that the Saudi retailer has previously signed a protocol to upgrade 64 branches of Alexandria for Consumer Complexes Company- Alex Markets as well as providing training for the employees.

ITDA has surveyed the land plots and outlets on which the chains are set to be established, i.e. 733 plots and 366 outlets with  spaces estimated at 242,000 square meters all over Egypt, Head Roshdy clarified.