GMG plans to open 100 stores across Egypt

GMG plans to open 100 stores across Egypt

GMG announces bold growth plan for Egypt with its new Africa headquarters; Adds more than 1,000 jobs in the market to bulk up its workforce in the next four years

The UAE-based conglomerate's latest investment builds on its bold growth plans unveiled in January 2022 to open more than 100 sports retail stores across Egypt by 2026. — Supplied photos

Published: Sun 12 Mar 2023, 3:12 PM

GMG on Sunday renewed its commitment to the Egyptian market and opened its headquarters in District 5, Cairo, to strengthen its presence in the North African country.

In a statement, GMG — a global well-being company operating leading brands across sport, everyday goods, health and beauty, properties, and logistics sectors, said it is also looking to increase its current Egyptian workforce 10 times in the next four years, adding more than 1,000 jobs to the Egyptian economy. These roles will be split across retail sales, admin, and management functions.

The UAE-based conglomerate's latest investment builds on its bold growth plans unveiled in January 2022 to open more than 100 sports retail stores across Egypt by 2026 for its leading international and home-grown sports brands Sun & Sand Sports, dropkick, Nu Athlete, and Nike.

"We see strong potential in Egypt