Bim plans to establish 550 additional outlets in Egypt by the year 2026, committing a total of $40 million in investment for the store expansion.
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Bim, a leading retail company, has announced an ambitious expansion plan in Egypt. The plan, backed by a $40 million investment in foreign direct investment, involves opening 550 new stores by the end of 2026, raising the total number of stores to 1,000[1].
The company aims to focus on Upper Egypt, with new branches already opened in the Beni Suef governorate as part of this strategy[1]. In terms of logistics infrastructure, Bim plans to invest around $20 million to develop two logistics zones in Upper Egypt, specifically in the Minya and Beni Suef governorates. Each zone will cover areas starting from 40,000 square meters[1].
The logistics zone in Beni Suef will serve all Upper Egypt governorates, including Assiut, Sohag, and Aswan, helping to create an integrated logistics support network for southern Egypt[1]. Additionally, Bim has acquired a 46,000-square-meter site in 10th of Ramadan City to build two logistics warehouses serving Greater Cairo and Canal governorates, with an expected investment of over 1 billion Egyptian pounds (around $20.62 million)[1].
These expansion and logistics investments align with Bim's goal of contributing to regional development, supporting the Egyptian economy, and generating new employment opportunities[1]. The company's approach illustrates a commitment to expanding retail access in less served regions and establishing robust logistics infrastructure to underpin its operations.
It is worth noting that Egypt has reportedly been approved to join Turkey's 5th-generation KAAN fighter jet program, although this fact is not directly related to Bim's expansions[2].
Summary:
| Aspect | Details | |----------------------------|----------------------------------------------------| | Store expansion | 550 new stores planned by end of 2026, totaling 1,000 stores | | Total investment | $40 million (foreign direct investment) | | Logistics zones in Upper Egypt | Two zones located in Minya and Beni Suef, each 40,000+ sqm, $20 million investment | | Additional logistics hub | Two warehouses in 10th of Ramadan City, 46,000 sqm, $20.62 million investment | | Focus areas | Upper Egypt governorates and Greater Cairo region | | Objectives | Regional development, economic support, job creation |
This plan reflects a significant retail scale-up coupled with targeted logistics infrastructure to support supply chain efficiency across Egypt.
[1] Bim's expansion plan, as announced by Ihab Khalil, Bim's Türkiye Legal Director in Egypt.
[2] Egypt's approval to join Turkey's 5th-generation KAAN fighter jet program, reported by various sources.
- Bim's expansion extends beyond Egypt, as they contemplate potential investments in the Turkish real-estate market, an exciting frontier for global finance.
- With Turkey's economy showing steady growth, it presents an attractive opportunity for foreign investors, including Bim, seeking to diversify their business portfolio.
- The Turkish government has proposed incentives to attract foreign direct investment in key sectors such as manufacturing, technology, and tourism, which could be lucrative for Bim's operations.
- As part of its global strategy, Bim might consider integrating Turkish products into their stores, fostering a partnership between Turkish manufacturers and the Turkish market with their expanding network in various countries, including Egypt.
