Retail giant Bim plans to establish 550 additional outlets in Egypt by 2026, committing a $40 million investment towards expansion.
In an exciting development, Turkish retail giant Bim is set to significantly expand its presence in Egypt, aiming to open 550 new stores by the end of 2026, increasing its total outlets to 1,000 stores nationwide[1]. This expansion is backed by foreign direct investments estimated at around $40 million, according to media reports.
The company’s expansion strategy emphasizes focusing on Upper Egypt governorates, such as Beni Suef, where 10 new branches recently opened, and plans include further coverage in Assiut, Sohag, and Aswan. This move extends Bim’s reach beyond major urban centers to regional communities, supporting broader economic development and job creation[1].
On logistics, Bim is investing heavily to support this growth. In the 10th of Ramadan City, Bim acquired a 46,000-square-meter area to build two logistics warehouses. These will serve Greater Cairo and the Suez Canal governorates, with total investments exceeding 1 billion Egyptian pounds (~$20.62 million)[1].
In Upper Egypt, Bim plans to build two logistics zones in the governorates of Minya and Beni Suef, each covering at least 40,000 square meters. The Beni Suef logistics zone will provide integrated support to all Upper Egypt governorates, facilitating the company’s goal to build a comprehensive southern Egypt logistics network[1].
Part of the company's strategy is to expand beyond major cities and provide its services to regional communities. The logistics zone in Beni Suef will serve all Upper Egypt governorates, including Assiut, Sohag, and Aswan. Expected investments for these logistics warehouses exceed 1 billion Egyptian pounds ($20.62 million). Bim has already invested $20 million of the total investment, transferred through the Central Bank of Egypt[1].
Bim’s expansions aim to create new job opportunities. Major logistical investments will be implemented in the upcoming phase, specifically in the 10th of Ramadan City. The remaining $20 million is to be injected at the beginning of 2026[1].
Recently, Bim has already opened 10 new branches in Beni Suef governorate last week. This expansion is a testament to the company’s commitment to supporting the Egyptian economy and strengthening its presence in the governorates[1].
It's worth noting that Egypt has been approved to join Turkey's 5th-generation KAAN fighter jet program, according to a report. However, this approval is not directly related to Bim's expansion plans.
[1] Source: Al-Mal News, 2022.
- Bim's expansion strategy extends beyond major urban centers, aiming to open more stores in regional communities like Assiut, Sohag, and Aswan in Upper Egypt.
- To support this growth, Bim is investing in logistics and has acquired a 46,000-square-meter area in the 10th of Ramadan City to build two logistics warehouses.
- Part of Bim's investments for these logistics warehouses will be in the form of real-estate, with plans to build two logistics zones in Minya and Beni Suef, each covering at least 40,000 square meters.
- The Turkish retail giant's expansions are backed by foreign direct investments estimated at around $40 million and aim to create new job opportunities, with major logistical investments implemented in the upcoming phase.
