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    Egypt’s agriculture exports rise 17.2 percent in 5 months

    Egypt’s agriculture exports rise 17.2 percent in 5 months

    Egypt secures $66 mln from EU, AFD to expand wheat storage

    Egypt secures $66 mln from EU, AFD to expand wheat storage

    Agreements signed to establish 4 food factories in Jordan

    Agreements signed to establish 4 food factories in Jordan

    Morocco set to launch potash project: report

    Morocco set to launch potash project: report

    Food Africa and pacprocess MEA to launch in December with an even larger area

    Food Africa and pacprocess MEA to launch in December with an even larger area

    Pacts worth over OMR 33 million signed to establish agricultural, fisheries projects

    Pacts worth over OMR 33 million signed to establish agricultural, fisheries projects

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      Qatar’s non-oil sector achieved 9.9% growth in Q4 2022: Prime Minister

      Qatar’s non-oil sector achieved 9.9% growth in Q4 2022: Prime Minister

      International investors keen on entering Saudi market, says minister

      International investors keen on entering Saudi market, says minister

      Egypt aims to enhance contribution of IT sector to GDP: Talaat

      Egypt aims to enhance contribution of IT sector to GDP: Talaat

      Saudi airports witness 42% rise in passengers in first 4 months of 2023

      Saudi airports witness 42% rise in passengers in first 4 months of 2023

      Oman’s annual inflation rate eases to 1.1% in April, lowest since March 2021

      Oman’s annual inflation rate eases to 1.1% in April, lowest since March 2021

      Egypt starts implementation of silicon production project in New Alamein

      Egypt starts implementation of silicon production project in New Alamein

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      Oman gears up for its first smart city

      Oman gears up for its first smart city

      Saudi real estate ‘booming’ on big office space demand

      Saudi real estate ‘booming’ on big office space demand

      Value of Saudi construction contracts jump 35% to $51.3bn: report

      Value of Saudi construction contracts jump 35% to $51.3bn: report

      Qatar to implement new strategies for real estate development

      Qatar to implement new strategies for real estate development

      Real Estate Development Fund deposits $248m in Sakani accounts to boost Saudi housing goals

      Real Estate Development Fund deposits $248m in Sakani accounts to boost Saudi housing goals

      Sharjah records 21,486 real estate transactions worth Dh5.9 billion in Q1 2023

      Sharjah records 21,486 real estate transactions worth Dh5.9 billion in Q1 2023

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        Clean energy technology manufacturing market to reach $790bln by 2030: IEA

        Clean energy technology manufacturing market to reach $790bln by 2030: IEA

        Egypt invests $64mln in electricity network development in South Sinai since July 2014

        Egypt invests $64mln in electricity network development in South Sinai since July 2014

        First accredited low-carbon ammonia shipment dispatched from Saudi Arabia to Japan

        First accredited low-carbon ammonia shipment dispatched from Saudi Arabia to Japan

        Oman’s refinery products output jumps by 44%

        Oman’s refinery products output jumps by 44%

        Iraq agrees to 30% stake in TotalEnergies $27bln energy project

        Iraq agrees to 30% stake in TotalEnergies $27bln energy project

        Oman signs $20bn hydrogen deals

        Oman signs $20bn hydrogen deals

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          Qatar: Over 700 hotel keys added in Q1

          Qatar: Over 700 hotel keys added in Q1

          Jordan’s tourism income surges 88% as visitors flock to the country

          Jordan’s tourism income surges 88% as visitors flock to the country

          Dubai’s hotel stock hits 150,000 keys as tourist influx from India, Russia, Oman buoys hospitality sector

          Dubai’s hotel stock hits 150,000 keys as tourist influx from India, Russia, Oman buoys hospitality sector

          Leisure sector in Qatar stronger after World Cup 2022

          Leisure sector in Qatar stronger after World Cup 2022

          Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

          Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

          Saudi to be among world’s big leisure tourism hubs by 2030

          Saudi to be among world’s big leisure tourism hubs by 2030

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        • Agrofood
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          Egypt’s agriculture exports rise 17.2 percent in 5 months

          Egypt’s agriculture exports rise 17.2 percent in 5 months

          Egypt secures $66 mln from EU, AFD to expand wheat storage

          Egypt secures $66 mln from EU, AFD to expand wheat storage

          Agreements signed to establish 4 food factories in Jordan

          Agreements signed to establish 4 food factories in Jordan

          Morocco set to launch potash project: report

          Morocco set to launch potash project: report

          Food Africa and pacprocess MEA to launch in December with an even larger area

          Food Africa and pacprocess MEA to launch in December with an even larger area

          Pacts worth over OMR 33 million signed to establish agricultural, fisheries projects

          Pacts worth over OMR 33 million signed to establish agricultural, fisheries projects

          Trending Tags

          • Business & Economy
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            • Business
            • Economy
            • Finance
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            • Transport & Logistics
            Qatar’s non-oil sector achieved 9.9% growth in Q4 2022: Prime Minister

            Qatar’s non-oil sector achieved 9.9% growth in Q4 2022: Prime Minister

            International investors keen on entering Saudi market, says minister

            International investors keen on entering Saudi market, says minister

            Egypt aims to enhance contribution of IT sector to GDP: Talaat

            Egypt aims to enhance contribution of IT sector to GDP: Talaat

            Saudi airports witness 42% rise in passengers in first 4 months of 2023

            Saudi airports witness 42% rise in passengers in first 4 months of 2023

            Oman’s annual inflation rate eases to 1.1% in April, lowest since March 2021

            Oman’s annual inflation rate eases to 1.1% in April, lowest since March 2021

            Egypt starts implementation of silicon production project in New Alamein

            Egypt starts implementation of silicon production project in New Alamein

            Trending Tags

            • CES 2017
            • Election Results
            • eSports
          • Construction
            • All
            • Infrastructure
            • Real Estate
            Oman gears up for its first smart city

            Oman gears up for its first smart city

            Saudi real estate ‘booming’ on big office space demand

            Saudi real estate ‘booming’ on big office space demand

            Value of Saudi construction contracts jump 35% to $51.3bn: report

            Value of Saudi construction contracts jump 35% to $51.3bn: report

            Qatar to implement new strategies for real estate development

            Qatar to implement new strategies for real estate development

            Real Estate Development Fund deposits $248m in Sakani accounts to boost Saudi housing goals

            Real Estate Development Fund deposits $248m in Sakani accounts to boost Saudi housing goals

            Sharjah records 21,486 real estate transactions worth Dh5.9 billion in Q1 2023

            Sharjah records 21,486 real estate transactions worth Dh5.9 billion in Q1 2023

            Trending Tags

            • Energy
              • All
              • Oil & Gas
              • Power & Electricity
              • Renewable Energy
              Clean energy technology manufacturing market to reach $790bln by 2030: IEA

              Clean energy technology manufacturing market to reach $790bln by 2030: IEA

              Egypt invests $64mln in electricity network development in South Sinai since July 2014

              Egypt invests $64mln in electricity network development in South Sinai since July 2014

              First accredited low-carbon ammonia shipment dispatched from Saudi Arabia to Japan

              First accredited low-carbon ammonia shipment dispatched from Saudi Arabia to Japan

              Oman’s refinery products output jumps by 44%

              Oman’s refinery products output jumps by 44%

              Iraq agrees to 30% stake in TotalEnergies $27bln energy project

              Iraq agrees to 30% stake in TotalEnergies $27bln energy project

              Oman signs $20bn hydrogen deals

              Oman signs $20bn hydrogen deals

              Trending Tags

              • Hospitality
                Qatar: Over 700 hotel keys added in Q1

                Qatar: Over 700 hotel keys added in Q1

                Jordan’s tourism income surges 88% as visitors flock to the country

                Jordan’s tourism income surges 88% as visitors flock to the country

                Dubai’s hotel stock hits 150,000 keys as tourist influx from India, Russia, Oman buoys hospitality sector

                Dubai’s hotel stock hits 150,000 keys as tourist influx from India, Russia, Oman buoys hospitality sector

                Leisure sector in Qatar stronger after World Cup 2022

                Leisure sector in Qatar stronger after World Cup 2022

                Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

                Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

                Saudi to be among world’s big leisure tourism hubs by 2030

                Saudi to be among world’s big leisure tourism hubs by 2030

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              Egypt’s online Knock Mart Food Industries achieves 400% growth

              Daily News Egypt

              August 21, 2017
              in Agriculture, Food
              0
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              Knock Mart is the first commercial chain to introduce the concept of shopping for food items and household products via the internet without bothering to go to the supermarket. It enables clients to shop online and get the cart delivered to their homes.
               
              In an interview with Ahmed Taher, Chief Executive Officer of Knock Mart Food Industries that brought online food shopping to Egypt, said that his company achieved growth of 400% in 2016, with plans to reach 1,000%.

              What are the challenges that face e-commerce in Egypt?
              E-commerce faces many challenges, including the absence of laws regulating it and controls on informal trade through social networking sites, in addition to the weakness of the internet and lack of coverage of many areas, as well as the continued absence of the culture of purchasing electronically.

              What controls does electronic commerce need in Egypt to grow?
              It is necessary to establish controls to eliminate unofficial e-commerce, due to lack of seriousness of many of them and their negative impact on customers and serious companies operating in the e-commerce sector, in addition to their contribution to depriving the state of its right to taxes.
              Furthermore, it is important to develop laws for the regulation of electronic commerce, which is witnessing growth and popularity in the world, representing at least 16% of the GDP of many countries. In Egypt and the Middle East, it only accounts for 1%.The rules governing e-commerce in Egypt are specific to the regulation of traditional trade and includes items and policies that are not compatible with the nature of e-commerce.
              The organization of e-commerce will contribute to pushing the economy and attract many investments, in addition to achieving other developmental goals, such as raising the occupancy and development rates in the cities of new urban communities, whether existing or planned cities, such as the New Administrative Capital, and thus achieving the state plan for urban expansion.

              How many online buyers are expected through 2017?
              The number of online buyers in Egypt has increased significantly over the past few years; most of them are youth and newlyweds. The number will reach 15 million this year.

              How many branches are there?
              The company recently opened its latest branches in the Egyptian market and its first branch in Alexandria, bringing the number of branches of the company to 20 across Egypt and Alexandria in only two years from launching the company in Egypt. We are seeking to open new branches this year, as part of the horizontal expansion plans of the company that is commensurate with the state’s strategy to develop the cities of the new urban communities, provide the needs of its population, and ensure increasing occupancy rates.
              The company delivers goods and household items in just two hours in many areas, including 6th of October City, Sheikh Zayed, Mokattam, Heliopolis, Nasr City, Zamalek, Mohandessin, Madinaty, and Maadi.

              What is the growth rate achieved by the company during 2016 and what is expected in the future?
              Knock Mart achieved a growth rate of 400% in 2016 compared to the growth in 2015. We expect 1,000% growth in 2017.
              The company has succeeded in gaining the confidence of customers through its commitment to provide the required goods at special prices with special offers and short delivery time. The company also penetrated several areas and new cities that suffer from scarcity of commercial outlets.
              The company raises its capital periodically every six months, which suits its expansion and development plan. This also relies on the suitability to the rapid changes in the economy and the needs of the market and customers.

              Does the company supply the shops with goods?
              Knock Mart supplies about 2,500-3,000 goods to shops. This reduces the cost of transportation, supplies and other costs in the shops. This way, we also contribute to controlling the prices, as shops are then required to provide the same discounts that Knock Mart has. This boosts competitiveness with the neighboring shops, which will automatically reduce the prices of their products to ensure continuity of competition. This also plays in the same framework of the state’s plans to bring down prices.
              The company has implemented this experience and opened the first store in Heliopolis under the name of i-Mart. The Knock Mart company supplies the goods and links the shop to the Knock Mart network. Profits are divided, and 65% goes to the owner, while we get 35%, which is equal to the cost of goods with a small profit margin.

              How many branches do you intend to open in 2017?
              The company aims to open 35 branches in 2017 and reach 350 shops in 2021. With each branch employing 10-15 workers, we will hence be providing 5,000 jobs by 2021.
              The company is preparing to open its newest branches in the North Coast in a few days in conjunction with the start of the summer season.
              The company has also expanded its scope of operations to coastal areas to meet customer needs during the summer months and throughout the year, especially as the government begins implementing an integrated plan for developing the North Coast and turning it into an integrated area that works for 9-10 months, not only three months per year.
              The new branch covers the North Coast to Marina. Rest assured that the provision of services and the needs of citizens contribute to raising the occupancy rates in the region and attract customers.
              The company also recently opened its first branch in Alexandria Governorate. We are also preparing to open new branches as part of the horizontal expansion and coverage of many new governorates and cities.
              The e-commerce boom will contribute to the development of many cities, whether existing or planned cities, such as the New Administrative Capital.
              Daily News Egypt
               

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