France’s Rungis will carry out technical studies to develop four advanced wholesale markets next June, Walid Saif al-Din, Deputy Head of Internal Affairs Department announced on Thursday.
Rungis is the largest French company specializing in the management of wholesale markets in Europe.
The establishment of the markets aims to reduce the rings of circulation and reduce losses while providing good management, Saif al-Din added.
He further told Amwal Al Ghad that each market would be established on an area of 100 feddans. The new wholesale markets would be carried out in Delta and Suez Canal cities besides north of Upper Egypt area.
Wholesale markets are an essential component of the internal trade system and their management process had become very complex, Saif al-Din said.
Rungis would be fully responsible for managing the new wholesale markets as it would provide the goods either through importing them from France or other countries, he added.
Earlier in January, Egypt’s government, represented by the Ministry of Supply and Internal Trade, signed a cooperation protocol with Rungis to rehabilitate and develop the markets of vegetables and fruits in Egypt.
An agreement was signed between the governments of the two countries to develop logistics areas, wholesale markets and production chains in Egypt, as well as provide technical support and training of Egyptian cadres in a grant of €80 million.
