GMG to open more than 100 stores in Egypt by 2026

January 10, 2022 | By RetailME Bureau

UAE-based retail distribution company GMG has said it will open more than 100 sports retail stores in Egypt within the next five years. The company will introduce its portfolio of brands focused on personal well-being as part of its wider international expansion. To start, GMG has confirmed that it will open a number of stores in Cairo this year. Sun & Sand Sports, a GMG brand and the Middle East’s largest sports retailer, is already slated to open at the City Centre Almaza as well as Mall of Egypt. The company also intends to introduce its sneakers-focused concept, dropkick, and its Nu Athlete concept catering to a youth demographic. 

“We see Egypt as a compelling gateway into North Africa. The retail landscape in Egypt is incredibly dynamic with a large youth population that is increasingly embracing healthy and active lifestyles, while desiring the latest in popular international brand trends. Through our upcoming investments, we are pioneering new brand experiences and offerings in Egypt’s vibrant retail landscape, while also creating new jobs within the wider economy.” said Mohammad A. Baker, Deputy Chairman and CEO of GMG.  E-commerce offerings are further being explored by GMG with local distribution partners, capitalizing on the company’s longstanding capabilities in delivering omnichannel retail experiences.

GMG has established a dedicated head office in Cairo to fuel its local business growth. These operations are being led by Imad El Ghazal, Vice President – Egypt at GMG, who will work in alignment with the company’s international brand teams. Imad El Ghazal, Vice President – Egypt at GMG, added: “We are excited to introduce our successful home-grown GMG concepts to the Egyptian market. Each of these concepts has a unique appeal, and we believe can make a positive impact in people’s lives. As part of our strategy, GMG will also engage with local retail leaders in Egypt to build unique consumer experiences, all while setting strong and sustainable distribution channels for both our owned brands and international partners.” 

Recently, Euromonitor International predicted a recovery in the growth of the Egyptian market as the country’s economy stabilizes following initial disruptions from the COVID-19 pandemic. The Oxford Business Group further cites how the local retail industry benefits from a growing population, affluent middle class, and openness to new offerings. Today, GMG has a presence across the Middle East, Southeast Asia, and North Africa. The entry into Egypt follows a major GMG expansion into Asia in December 2020 when it acquired multi-brand sports retailer Royal Sporting House (RSH). In April 2021, the conglomerate also expanded its footprint in Saudi Arabia with a new headquarters and mega-warehouse located in Riyadh. By 2025, GMG aims to double its global workforce through acquisitions, developing fresh concepts, and entering new geographies.Since its founding in 1977, GMG has introduced more than 120 international brands into its markets while also creating quality-driven, home-grown brand concepts. 



Previous Article Next Article


Foodlink Global Restaurants & Catering Services, the F&B services enterprise in India 

Continue Reading

December 29, 2021 | By Zubina Ahmed

‘Tis the time to be jolly! The festive season is back. Celebrate 

Continue Reading

December 19, 2021 | By RetailME Bureau

“It sounds like this, Luh Pan Koh-ti-dyan and means ‘the daily bread’, 

Continue Reading

December 6, 2021 | By Zubina Ahmed

The long weekend might be over but the Etisalat Beach Canteen 2021 

Continue Reading

December 5, 2021 | By RetailME Bureau

UAE gears up to celebrate this year’s National Day celebrations in the 

Continue Reading

November 28, 2021 | By Zubina Ahmed

UAE-based Etisalat Group has signed an agreement with elGrocer, a leading online 

Continue Reading

November 18, 2021 | By RetailME Bureau announced that the 11.11 sale is back once again this year 

Continue Reading

November 8, 2021 | By RetailME Bureau

Abu Dhabi Cooperative Society’s COOP City store is now open in Lake 

Continue Reading

November 3, 2021 | By RetailME Bureau

Union Coop, a consumer cooperative in the UAE, revealed that 78% of 

Continue Reading

August 24, 2021 | By Jibran Chouguley

Union Coop has opened its 23rd branch within the UAE in Jumeirah 

Continue Reading

August 2, 2021 | By Jibran Chouguley

Nando’s has revealed their revamped Sheikh Zayed Road outlet where newcomers and 

Continue Reading

July 8, 2021 | By Jibran Chouguley

UAE-based Al Maya Group announced that it will be boosting import of 

Continue Reading

June 24, 2021 | By RetailME Bureau

Download Images RetailME Magazine