German-owned retailer Real plans to invest US$139.5m in the Russian region of Rostov to build three supermarkets, a spokesperson said.
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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.
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