Majid Al Futtaim announces investments of EGP 400 mn in Egypt in 2023 and over EGP 750 mn by 2025, doubling the size of Carrefour, Invest-Gate reports.

Majid Al Futtaim also unveils a plan to expand its soft discount store, Supeco, and open more Carrefour Gourmet stores in the Egyptian market.

Furthermore, Majid Al Futtaim Retail states that it plans to launch the ‘Retail Business School’ in 2023 to provide high-quality education for Egyptians and create jobs for the retail sector.

Country Manager of Majid Al Futtaim Retail in Egypt, Philippe Peguilhan, comments: “We are proud to celebrate 20 years in Egypt as we continue investing in the local community and economy by collaborating with key local suppliers, ensuring stock availability and offering competitive prices.”

He adds: “Our focus is not only on business expansion but also on continuing to deliver value through every experience for our colleagues and customers.”