Hard discounter BIM says it will enter Egypt in the first half of 2013. Investments are planned to reach TRY25m (£8.7m) by 2014, according to Today’s Zaman. Algeria would also be of interest, the retailer said.

During 2011, BIM’s net sales for the full year climbed 24.6% to TRY8.19bn (£ 2.8bn) while EBITDA reached  TRY424m (£147.8m).

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