105 local companies participate in ‘al-Shaab Yaamor’ initiative for low commodities prices

The Minister of Trade and Industry Tarek Qabil is set to open an exibition in Nasr City on Thursday selling food and consumer goods at cut prices for the benefit of those on low incomes.

The exhibition named Al-Shaab Yaamor (the people command) will be held at the Exhibitions Ground, with 105 companies expected to attend, most of them from the food industry, according to Mohamed Samy, chairman of the General Organization for International Exhibitions and Fairs (GOIEF).

The four-day event, which ends on Sunday, is being organized by GOIEF in response to an initiative by Amr Adib, the famous Egyptian TV host. Adib launched the initiative in early October, calling on Egyptian companies to offer commodities at 20 percent of normal retail price over the next three months.

The exhibition will feature stalls selling food, electrical appliances, carpets, furniture, chemicals, ceramics and cleaning equipment, among other goods, Samy said.

Nineteen food industry companies will participate in the exhibition, including Juhayna, Beyti, Al-Rashidy Al-Mizan, Arma, Regina, Teama, Unilever, Harvest, Kemit, Atyab, Domty, Knorr, and others.

Eight supermarkets will also take part, namely Hyperone, Ragab Sons, Lulu Market, Kheir Zaman, Alfa Market, Seoudi Market, Fathallah Market, and Spinneys.

Some food prices have recently risen due to shortages, with sugar, rice and oil particularly affected. Consumer inflation in September was 14.6 percent, down from 16.4 percent in August, the highest level in the past eight years.

Edited translation from Al-Masry Al-Youm

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