Majid Al Futtaim: Carrefour to be opened in Nasr City at year-end

Dubai-based mall operator Majid Al Futtaim is looking to open a new commercial mall; Carrefour in Nasr City, east of Cairo, next November and December, a senior official in the firm said on Thursday.

Carrefour will be inaugurated in cooperation with the National Service Products Organization over 8,700 square metres, with investments ranging between 200 million Egyptian pounds and 230 million Egyptian pounds ($11.8-$13.6 million), chief operating officer Herve Majidier added.

“This comes as part of the company’s plan to inaugurate 100 Carrefour stores within the upcoming years,” Majidier further told Amwal Al Ghad on the sidelines of opening the first Carrefour retail stores in Ismailia city.

In addition, Majid Al Futtaim plans to establish three Carrefour stores in the country’s new administrative capital, 45km (27.9 miles) east of Cairo, he said.

“We had launches Carrefour store in Egypt during 2002,” he said, adding that Majid Al Futtaim is currently operating 13 hyper markets and 31 super markets.