Dubai’s Majid Al Futtaim to expand Carrefour in Egypt’s new cities
Dubai’s Majid Al Futtaim, which operates the franchise of French retailer Carrefour in the Middle East, signed on Tuesday a cooperation protocol agreement with the Egyptian government’s New Urban Communities Authority (NUCA).
Upon the agreement, the UAE retailer will open Carrefour stores in a three new cities, Egypt’s new capital, New Alamein, and New Mansoura.
Abdalla El Nockrashy, country head for Majid Al Futtaim – Egypt, has signed the agreement with NUCA deputy chairman Mazen Hassan in Cairo in the presence of Egyptian Prime Minister Moustafa Madbouli, Supply Minister Ali Moselhy, and Investment Minister Sahar Nasr.
Majid Al Futtaim currently operat es around 37 Carrefour stores across Egypt.