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Trade: Hypermarket prices will be 20 percent lower than market prices
10/10/2024
The Ministry of Trade announced, on Thursday, the opening of 3 hypermarket marketing centers within the next two weeks in Baghdad, while indicating that the prices of materials in the hypermarket will be 20 percent lower than the market.
The Director General of the General Company for Foodstuff Trading at the Ministry, Lama Hashem Al-Moussawi, said in a statement reported by the official news agency, and reviewed by "Al-Eqtisad News", that "the General Company for Foodstuff Trading has completed the installation of the system for the hypermarket project, and within the next two weeks, the materials will be opened and sold in cooperatives on a trial basis for 14,000 models of most of the canned soft and dry foodstuffs, as well as some household items," indicating that "(80-90)% of these materials will be food items of the finest types and the best companies."
Al-Moussawi added, "The prices of chicken, fish, and fresh, tender meat will be appropriate and 20% lower than the prices in local markets."
She pointed out that "the General Company for Foodstuff Trading completed today three hypermarkets in (Al-Dabash, Sadr City, and also in Al-Rusafa), and we also started three other sites in Baghdad, which are in the housing area, the Mashtal area, and in Kasra and Atash within Sadr City," stressing that "work will also be carried out on all sites and governorates without exception."
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