Carrefour Unveils New Stores to Expand Footprint in Egypt

Carrefour Unveils New Stores to Expand Footprint in Egypt

Carrefour has opened its 53rd branch in Egypt, further anchoring its commitment to supporting the growth and development of the local community by offering various choices of quality products at affordable prices, Invest-Gate reports.

The new supermarket is located in the Zaki Ragab district of Alexandria, spanning more than 900 square meters. The international supermarket chain is also on track to open multiple new outlets in Cairo, which are set to welcome shoppers in Q3 2020, according to the recent press release.

The expansion plan includes a 500-square-meter location in Mivida, representing the brand’s second-ever concept store. Operated in the North African country by the UAE Majid Al Futtaim, Carrefour will also unveil 1,200-square-meter and 1,100-square-meter supermarkets in Cairo’s Al Azhar and Alexandria’s Wingit areas.

Overall, the four new Carrefour markets in Egypt add up to an investment worth EGP 37 mn, confirmed Country Manager of Carrefour Egypt at Majid Al Futtaim Retail Jean Graziato, adding, “Crucially, these stores will boost the local economy by creating jobs for gifted and enterprising Egyptians.”

Besides, Carrefour is sparing no effort toward curbing its carbon footprint and safeguarding the future of the communities it serves. So far, it has developed a series of initiatives to improve its water efficiency, on top of installing energy-saving LED lights, sensors, and timers on air-conditioning and lighting within its locations.


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