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, right now introduced that it’s going to make investments EGP 700 million in Egypt to open a report 20 new Carrefour shops by the tip 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, right now introduced that it’s going to open a report 20 new Carrefour in Egypt by investing EGP 700 million. shops, taking the whole variety of shops to 60 by the tip of 2019.

4 of those shops (in Asmarat, Zagazig, Beverly Hills and Rehab) opened their doorways to prospects in the course of the first quarter of the 12 months. Of the remaining sixteen places, different places will embrace a hypermarket in metropolis middle Almaza and 14 supermarkets to be opened in places 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 a partnership framework agreed with the Nationwide Companies Mission Company and the Ministry of Funding and Worldwide Cooperation.

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

At present, Carrefour handles 35 million prospects yearly in Egypt. Final 12 months, the corporate launched a brand new on-line procuring utility that fulfills its promise of bringing much more handy grocery procuring to its prospects. Carrefour not too long ago celebrated over sixteen years with an anniversary celebration in Egypt, by which chosen merchandise had been provided at a mean low cost of about 27% lower than commonplace 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, mentioned: “One of many key parts 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 prospects.”

He mentioned, “We’re dedicated to offering profession alternatives and steady coaching to our present 6,000+ staff. As we broaden, we can present an increasing number of everlasting employment alternatives within the nation. The expansion we and our suppliers are reaching on account of our robust buyer providing may even enable us to offer extra oblique employment alternatives, leading to a triple win for our enterprise, associate companies and the Egyptian economic system and its folks.

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Jean Luc Graziato, Carrefour Egypt Nation Supervisor at Majid Al Futaim Retail, mentioned: “A key success issue underpinning our development is our information and understanding of what Egyptian prospects 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 prospects from dramatic value fluctuations. Our coverage of prioritizing native suppliers means we work with over 1,000 companies in Egypt right now to assist us present prospects 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 present and new native associate companies permits to.”

Preparations are underway for the holy month of Ramadan in Carrefour, Egypt. The corporate shares merchandise which can be widespread with Egyptian customers presently of 12 months, together with conventional pastries and sweets equivalent to nafeh and atayf, and includes a festive ambiance in shops to create an genuine Ramadan procuring expertise. Nonetheless working.

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Notice to editor: The authorized title 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 among the largest hypermarket and grocery store chains on the planet. The model was launched on this area in 1995 by Majid Al Futaim, an unique franchisee working Carrefour in 37 international locations throughout the Center East, Africa and Asia. At present, Majid Al Futaim operates greater than 270 Carrefour shops, serving greater than 750,000 prospects 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 satisfy the rising wants of its various buyer base. In keeping with the model’s dedication to offering the widest vary of high quality merchandise and worth for cash, Carrefour affords an unmatched alternative of over 100,000 meals and non-food merchandise, and goals to create nice moments on a regular basis for everybody. Gives an exemplary buyer expertise.

About Carrefour Egypt

Carrefour Egypt was launched in 2002 in Egypt.

At present Carrefour operates 13 hypermarkets and 31 supermarkets and employs over 6,000 staff.

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