Development Partners International (DPI) has announced a $50 million follow‑on investment in Kazyon, the rapidly expanding Egyptian discount retail chain. The fresh capital injection marks the latest step in DPI’s multi‑year partnership with the company and is intended to accelerate Kazyon’s regional expansion.
According to Jade Del Lero Moreau, Partner at DPI, the new funding will help fast‑track Kazyon’s rollout across Morocco, Saudi Arabia, and other targeted markets in the Middle East and North Africa. “This capital will accelerate Kazyon’s roll out in Morocco, Saudi Arabia, and across the region, positioning it as an emerging markets champion with an exciting trajectory ahead,” she said.
DPI highlighted that Kazyon has undergone a transformation since the firm’s initial investment. Today, Kazyon is recognized as the largest and most sophisticated discount retailer in the region, operating 1,600 stores across three countries and employing more than 11,000 people.
In 2024, DPI supported several key milestones in Kazyon’s growth strategy, including:
- The acquisition of Saudi retailer Al Dukan, giving Kazyon a strong entry point into the Gulf retail market.
- A greenfield launch in Morocco, marking its expansion into North Africa beyond Egypt.
These moves have helped shape Kazyon into a diversified, multi‑country retail platform with growing economies of scale.
DPI noted that the new investment will fuel the retailer’s next phase of expansion, enabling it to maintain competitive pricing while deepening its regional presence. The firm emphasized Kazyon’s focus on a scalable operating model, a broad and resilient supplier ecosystem, and a robust portfolio of private‑label products, all of which underpin its value‑driven retail proposition.
“We’re excited to support Kazyon’s journey and its vision of making quality products accessible across the region,” DPI added in its statement, underscoring its long‑term confidence in the retailer’s strategy and regional potential.
