Majid Al Futaim Retail to open 20 Carrefour shops in Egypt in 2019


Majid Al Futaim, a number one shopping center, communities, retail and leisure chief within the Center East, Africa and Asia, in the present day introduced that it’s going to make investments EGP 700 million in Egypt to open a document 20 new Carrefour shops by the top of 2019

Cairo, Egypt, 18 April 2019 – Majid Al Futaim, a number one shopping center, communities, retail and leisure chief within the Center East, Africa and Asia, in the present day introduced that it’s going to open a document 20 new Carrefour in Egypt by investing EGP 700 million. shops, taking the whole variety of shops to 60 by the top of 2019.

4 of those shops (in Asmarat, Zagazig, Beverly Hills and Rehab) opened their doorways to clients in the course of the first quarter of the yr. Of the remaining sixteen areas, different areas will embody a hypermarket in metropolis middle Almaza and 14 supermarkets to be opened in areas in Alexandria, Damanhur, Mansoura and Beni Suif. The plan additionally features a new Carrefour hypermarket in Ismailia, which would be the first of a plan to open 100-strong shops for the approaching years by means of a partnership framework agreed with the Nationwide Companies Mission Company and the Ministry of Funding and Worldwide Cooperation.

As a part of in the present day’s announcement, Majid Al Futaim Retail has reaffirmed its dedication to accomplice with the Egyptian authorities in bringing extra buyer alternative and financial advantages to the Egyptian individuals. The corporate is investing closely in increasing its community of shops throughout the nation, honoring its intention to deliver prime quality merchandise at nice worth costs and handy shopping for strategies to its buyer base throughout the nation.

At this time, Carrefour handles 35 million clients yearly in Egypt. Final yr, the corporate launched a brand new on-line buying software that fulfills its promise of bringing much more handy grocery buying to its clients. Carrefour not too long ago celebrated over sixteen years with an anniversary celebration in Egypt, through which chosen merchandise have been provided at a median low cost of about 27% lower than customary costs in promotions supported by its many native suppliers.

Dr. Herve Majidier, Chief Working Officer at Majid Al Futaim Retail for Egypt, KSA, Kuwait, Qatar, Oman and Bahrain, stated: “One of many key elements of Majid Al Futaim’s success in Egypt is our companions who work to make sure the perfect purchases. Devoted to the market expertise for all our clients.”

He stated, “We’re dedicated to offering profession alternatives and steady coaching to our current 6,000+ workers. As we increase, we will present increasingly everlasting employment alternatives within the nation. The expansion we and our suppliers are attaining on account of our sturdy buyer providing can even permit us to offer extra oblique employment alternatives, leading to a triple win for our enterprise, accomplice companies and the Egyptian economic system and its individuals.

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Jean Luc Graziato, Carrefour Egypt Nation Supervisor at Majid Al Futaim Retail, stated: “A key success issue underpinning our progress is our information and understanding of what Egyptian clients need and wish. Our big shopping for energy permits us to Permits us to offer the perfect worth costs. To guard the market and our clients from dramatic worth fluctuations. Our coverage of prioritizing native suppliers means we work with over 1,000 companies in Egypt in the present day to assist us present clients with over 30,000 product objects.We goal to develop this over time, giving us Egyptian customers much more selections, in addition to creating alternatives for current and new native accomplice companies permits to.”

Preparations are underway for the holy month of Ramadan in Carrefour, Egypt. The corporate shares merchandise which might be fashionable with Egyptian customers right now of yr, together with conventional pastries and sweets comparable to nafeh and atayf, and encompasses a festive ambiance in shops to create an genuine Ramadan buying expertise. Nonetheless working.

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Word to editor: The authorized identify of this firm is “Majid Al Futtaim” and shouldn’t be shortened or abbreviated to keep away from confusion with another enterprise entity.

Disclaimer: All information and figures on this launch are correct on the time of launch.

About Carrefour
Carrefour is without doubt one of the largest hypermarket and grocery store chains on this planet. The model was launched on this area in 1995 by Majid Al Futaim, an unique franchisee working Carrefour in 37 nations throughout the Center East, Africa and Asia. At this time, Majid Al Futaim operates greater than 270 Carrefour shops, serving greater than 750,000 clients day by day and using greater than 37,000 associates.
Carrefour operates varied retailer codecs in addition to a number of on-line choices to fulfill the rising wants of its numerous buyer base. According to the model’s dedication to offering the widest vary of high quality merchandise and worth for cash, Carrefour gives an unmatched alternative of over 100,000 meals and non-food merchandise, and goals to create nice moments on a regular basis for everybody. Offers an exemplary buyer expertise.

About Carrefour Egypt

Carrefour Egypt was launched in 2002 in Egypt.

At this time Carrefour operates 13 hypermarkets and 31 supermarkets and employs over 6,000 workers.

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