Latest news with #Kazyon
Morocco World
3 days ago
- Business
- Morocco World
BIM Expands Presence in Southern Morocco with Second Laayoune Store
Doha – BIM Morocco has opened its second store in the city of Laayoune, strengthening its presence in southern Morocco. This new location builds upon the company's first store in the city, which opened in October 2022 and marked BIM's position as the first modern retail chain to establish operations in Laayoune. The new store is part of BIM's commitment to improve access to consumer goods across Morocco. According to the company, it aims to meet customer expectations throughout all Moroccan cities by offering a range of products at competitive prices. Over the past six months, BIM Morocco has expanded its network with new stores in several cities including Tahanaout, Taroudant, Oulmes, Tamallalet, Tassaltante, Nador, and Jorf Elmalha. 'We are proud to strengthen our presence in Laayoune, where BIM was the first enseigne in the sector of grande distribution to establish operations,' said Ahmet Fevzi Çalışkan, CEO of BIM Morocco. 'This opening is part of a broader approach aimed at strengthening access to quality products in all 12 regions of the Kingdom.' Çalışkan added that each new location represents 'an opportunity to stimulate the local economic fabric, promote socio-economic inclusion, and contribute to creating sustainable jobs, in perfect alignment with our commitments to the communities where we operate.' BIM's expansion comes amid increasing competition in Morocco's proximity discount retail sector. The Turkish hard discount leader is facing new challengers including Kazyon, Supeco, and Marjane City. In response, BIM has accelerated its store openings, with 39 new locations in the first quarter of 2025 alone, bringing its network to 828 proximity points. The company's first Laayoune store was located in the city center and covered an area of 364 square meters. At that time, Haluk Dortluoglu, Chairman of BIM Morocco's Board of Directors, stated, 'We are proud to be the first player in the modern distribution sector to set up in Laayoune. Our objective is to be closer to all Moroccans, in order to facilitate access to high-quality products at accessible prices.' In its development strategy for the Moroccan market, the group plans strong organic expansion with an average of 100 new store openings per year. To streamline its logistics processes, BIM is investing in new regional warehouses. The company currently operates four logistics centers in Morocco, with plans to increase this number to support the pace of new store openings. To maintain its competitive edge, the chain applies the hard discount model: small-sized stores, essential products at low prices, supply predominantly of private labels or Turkish brands, and rigorous management of operating costs. The company offers around 900 products, of which 59% are private labels, adapted to the needs of the local market. It's worth noting that in May 2021, the Turkish group sold 35% of its shares in BIM Morocco to Blue Investment Holdings, a structure managed by Helios Investment Partners LLP funds. Morocco is the only market where the Turkish group operates with a local partner, unlike in Egypt where the local subsidiary is 100% owned by BIM. Read also: BIM Opens Logistics Hub in Marrakech As Morocco-Turkey Trade Expands Tags: BIM MoroccoLaayoune (southern Morocco)
Zawya
12-03-2025
- Business
- Zawya
IFC, Kazyon strengthen partnership to boost Morocco's food retail sector
The International Finance Corporation (IFC) is expanding its partnership with Kazyon Group to support the development of Morocco's discount grocery retail sector. This initiative aims to improve access to quality food and create tens of thousands of jobs, particularly for young people and women in rural areas. IFC's $30m loan to Kazyon will enable the company to scale up its operations in Morocco by increasing its retail stores, warehousing, and storage capacity. The expansion is expected to generate over 3,000 direct jobs. Founded in 2014, Kazyon Egypt has grown into the country's largest discount grocery retailer, operating more than 1,000 stores and five distribution centers across 22 governorates. In 2023, the company expanded into Morocco, where it currently operates over 150 discount retail stores and a single distribution center, offering affordable groceries to low- and middle-income consumers, particularly in underserved regions. This project supports the development of a modern retail sector value chain in Morocco, aligning with IFC's investment strategy in Africa's retail sector. It is expected to enhance food safety and improve access to essential goods for those most in need. 'This loan reinforces our position as the largest homegrown African and Arab grocery discounter, with a presence spanning from Morocco to Saudi Arabia,' said Hassan Heikal, Founder and Executive Chairperson of Kazyon. 'Serving over half a million customers daily, we remain committed to expanding access to affordable groceries, supporting our communities, and fostering a thriving workplace for our employees.' 'Access to quality, affordable essential commodities is vital for ensuring food security and improving livelihoods,' said Cheick-Oumar Sylla, IFC's Director for North Africa and the Horn of Africa. 'Kazyon's expansion will not only strengthen Morocco's modern discount retail sector but also play a crucial role in making nutritious food more accessible to families. This South-South investment demonstrates how private sector growth across borders can drive shared prosperity and strengthen regional economic ties.' As part of the partnership, IFC will support Kazyon's efforts to promote gender equality by integrating inclusive hiring and promotion practices. IFC will also assist Kazyon Morocco in developing comprehensive environmental and social management systems in line with its global standards. The project aligns with the World Bank Group's (WBG) Country Partnership Framework for Morocco (FY19–25), which aims to support private sector job creation and human capital development. It is also consistent with the WBG Gender Strategy 2024–2030, which focuses on accelerating gender equality for a more sustainable, resilient, and inclusive future. Over the past three years, IFC has committed and mobilized $2.9bn in Egypt and $1.6bn in Morocco to foster sustainable, resilient, and inclusive private sector development.
Daily News Egypt
11-03-2025
- Business
- Daily News Egypt
IFC, Kazyon strengthen partnership to boost Morocco's food retail sector
The International Finance Corporation (IFC) is expanding its partnership with Kazyon Group to support the development of Morocco's discount grocery retail sector. This initiative aims to improve access to quality food and create tens of thousands of jobs, particularly for young people and women in rural areas. IFC's $30m loan to Kazyon will enable the company to scale up its operations in Morocco by increasing its retail stores, warehousing, and storage capacity. The expansion is expected to generate over 3,000 direct jobs. Founded in 2014, Kazyon Egypt has grown into the country's largest discount grocery retailer, operating more than 1,000 stores and five distribution centers across 22 governorates. In 2023, the company expanded into Morocco, where it currently operates over 150 discount retail stores and a single distribution center, offering affordable groceries to low- and middle-income consumers, particularly in underserved regions. This project supports the development of a modern retail sector value chain in Morocco, aligning with IFC's investment strategy in Africa's retail sector. It is expected to enhance food safety and improve access to essential goods for those most in need. 'This loan reinforces our position as the largest homegrown African and Arab grocery discounter, with a presence spanning from Morocco to Saudi Arabia,' said Hassan Heikal, Founder and Executive Chairperson of Kazyon. 'Serving over half a million customers daily, we remain committed to expanding access to affordable groceries, supporting our communities, and fostering a thriving workplace for our employees.' 'Access to quality, affordable essential commodities is vital for ensuring food security and improving livelihoods,' said Cheick-Oumar Sylla, IFC's Director for North Africa and the Horn of Africa. 'Kazyon's expansion will not only strengthen Morocco's modern discount retail sector but also play a crucial role in making nutritious food more accessible to families. This South-South investment demonstrates how private sector growth across borders can drive shared prosperity and strengthen regional economic ties.' As part of the partnership, IFC will support Kazyon's efforts to promote gender equality by integrating inclusive hiring and promotion practices. IFC will also assist Kazyon Morocco in developing comprehensive environmental and social management systems in line with its global standards. The project aligns with the World Bank Group's (WBG) Country Partnership Framework for Morocco (FY19–25), which aims to support private sector job creation and human capital development. It is also consistent with the WBG Gender Strategy 2024–2030, which focuses on accelerating gender equality for a more sustainable, resilient, and inclusive future. Over the past three years, IFC has committed and mobilized $2.9bn in Egypt and $1.6bn in Morocco to foster sustainable, resilient, and inclusive private sector development.
Ya Biladi
11-03-2025
- Business
- Ya Biladi
IFC grants $30 million loan to Kazyon for expansion in Morocco
The International Finance Corporation (IFC) has provided a $30 million loan to the Egyptian company Kazyon to expand its operations in Morocco, increase retail and storage capacity, and create an estimated 3,000 jobs, according to Egyptian media reports. Founded in 2014, Kazyon has grown into one of Egypt's largest grocery and food retail chains, offering discounted prices. Since its launch in 2023, Kazyon Morocco has expanded to over 150 stores and operates one distribution center. According to Egyptian media, the investment will support the development of a modern retail value chain in Morocco, aligning with the IFC's strategy to invest in Africa's retail sector and improve food security for vulnerable communities. Hassan Heikal, Kazyon's founder and CEO, expressed pride in strengthening the company's long-term partnership with the IFC and other global financial institutions. «This loan reinforces our position as the largest discount grocery retailer across Africa and the Arab region, from Morocco to Saudi Arabia, serving over half a million customers daily», he said. «We remain committed to providing affordable food products to support our communities and drive prosperity for our employees». Cheick-Oumar Sylla, IFC's Regional Director for North Africa, emphasized the importance of affordable access to essential goods for food security and livelihoods. He noted that Kazyon's expansion would not only enhance Morocco's modern retail sector but also improve access to nutritious food for families. «This south-south investment strengthens private sector development and deepens regional economic ties for shared prosperity», he added.
