Egypt is to launch this year’s month-long summer sale on Aug 7, with retail stores nationwide to sell products at lower prices, local media reported yesterday.

Shops that intend to participate in the sale need to obtain approval from the Supply and Internal Trade directorates beforehand, the English-language daily, Egyptian Gazette, reported, citing a statement by Ali Moselhi, minister of supply and internal trade.

The shops must declare goods prices before and after the sale, the minister noted.

Supply and Internal Trade Ministry spokesperson, Ahmed Kamal said, the event was aimed at encouraging Egyptians to buy more at lower prices, thus stimulating domestic consumption, according to the report.

The summer sale would offer a wide range of consumer products, including clothing, household appliances and leather goods, and was expected to boost other commercial activities, Kamal added.

Source: Nam News Network (NNN)