Metro C&C makes debut in Egypt

CAIRO: Metro Group is to enter Egypt with the opening in 2009 of Metro Cash & Carry, a self-service wholesale subsidiary. "With a population of nearly 80 million and a rapidly growing economy, Egypt offers great potential," said Frans Muller, CEO of Metro C&C International. "By entering Egypt, we are pursuing our international expansion strategy and taking an important step into the very promising Middle East and North Africa region." The company sees a market potential of up to 10 stores in Egypt with investment of €15m in each. "We hope to roll out our business across the country as fast as possible," added Muller.