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Monday, 1 October 2018

Alshaya Group to bring Avenues Mall to Egypt as part of expansion drive

INVESTMENT WATCH- Alshaya Group to bring Avenues Mall to Egypt as part of expansion drive: Kuwait’s Alshaya Group is looking to bring its Avenues Mall brand to Egypt, Executive Chairman Mohammed Abdul Aziz Alshaya told Prime Minister Mostafa Madbouly and Investment Minister Sahar Nasr in a meeting yesterday. No details on the scope or location of the project were provided, but Alshaya said that his company is planning to grow its number of retail stores in Egypt and is also open to new investment opportunities, according to a statement picked up by Al Mal. Alshaya manages and operates stores in the Middle East under license from major global brands including Starbucks, H&M, Pottery Barn, and the Cheesecake Factory. We had reported in February that Alshaya was in the market for three- and four-star hotels in governorates including Cairo, Giza, and Alexandria.

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