German-owned retailer Real plans to invest US$139.5m in the Russian region of Rostov to build three supermarkets, a spokesperson said.
Real, part of German retail giant Metro Group, is interested in strengthening its position in the Rostov region. It sees the local retail market as far from satured and with a good potential for development, Yelena Asanova, head of PR for Real-Hypermarket, said.
The company is currently building a supermarket in Rostov-on-Don, the opening of which has been scheduled for this autumn.
However, it is too early to talk about the detailed plans to construct the second and third supermarkets in Rostov-on-Don, Asanova added.