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Supply Minister, Majid Al Futtaim discuss investment, export growth

Businessmen Team اقتصاد 13 April 2025 02:12 PM
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Supply Minister, Majid Al Futtaim discuss investment, export growth

Minister of Supply and Internal Trade, Dr. Sherif Farouk, held a meeting with representatives of Majid Al Futtaim company to discuss avenues of joint cooperation and review investment opportunities and potential partnerships between the Ministry and the group's subsidiaries.

From Majid Al Futtaim company, the attendees were Ahmed Galal Ismail, CEO of Majid Al Futtaim, Mohamed Khafaga, Regional Manager of Majid Al Futtaim Retail in Egypt, and Ahmed Rahim, Vice President of Business Development at Majid Al Futtaim Retail in Egypt.

Also participating in the meeting from the Ministry's side were Major General Walid Abu Al-Magd, Deputy Minister, Dr. Alaa Nagy, Chairman of the Holding Company for Food Industries, Mr. Hossam El-Garahy, Vice Chairman of the General Authority for Supply Commodities, and Ahmed Kamal, Assistant Minister and Official Spokesperson for the Ministry.

The meeting addressed the discussion of investment opportunities and the expansion of partnerships, which include the operation of malls and outlets, the expansion of opening new branches, in addition to exporting Egyptian products to the Gulf countries, Africa, Asia, and Eastern Europe, within the markets where Majid Al Futtaim Group operates.

During the meeting, Dr. Sherif Farouk, Minister of Supply and Internal Trade, emphasized the importance of strengthening partnerships with the private sector and opening new horizons for investment.

He pointed out that the Ministry is keen on supporting export opportunities and increasing the competitiveness of Egyptian products, especially in regional and international markets, which will reflect positively on achieving food security and increasing the state's resources of hard currency.