BIM, the giant Turkish food retailer, plans to open 50 new outlets in Morocco
The Turkish giant food retailer, BIM intends to strengthen its presence in Morocco by opening 50 new outlets across the Kingdom, as part of its new growth strategy to internationally, particularly in the Arab world, MAP reports
Source : https://www.marocafrik.com/english/BIM-the-giant-T...
Morocco is the only foreign country where BIM has opened mini-markets. There currently are 76, say the leaders of the Turkish brand of Hard discount stores at the presentation on Wednesday in Istanbul, of the 2011 company results and its prospects for the current year.
After Morocco, BIM plans to enter the Egyptian market from 1-st half of 2013 with 10 outlets, for an investment of 25 million Turkish Lira (TL 1 = $ 1.80),the same source added.
The Turkish hard discount chain realised a net profit of TL 300 million, in 2011 up 21.7 pc compared to 2010. Its sales were up 24, 5 to 8 pc, 2 billion TL.
After Morocco, BIM plans to enter the Egyptian market from 1-st half of 2013 with 10 outlets, for an investment of 25 million Turkish Lira (TL 1 = $ 1.80),the same source added.
The Turkish hard discount chain realised a net profit of TL 300 million, in 2011 up 21.7 pc compared to 2010. Its sales were up 24, 5 to 8 pc, 2 billion TL.
Source : https://www.marocafrik.com/english/BIM-the-giant-T...