SCZONE, Tokyo Metropolitan Government sign MoU on green hydrogen cooperation    Egypt's PM meets Tokyo governor, witnesses signing of education agreements    Egypt's Sisi, France's Macron discuss Gaza ceasefire efforts in phone call    Egypt welcomes international efforts for peace in Ukraine    Al-Sisi, Macron reaffirm strategic partnership, coordinate on Gaza crisis    Contact Reports Strong 1H-2025 on Financing, Insurance Gains    Egypt expresses 'deep dissatisfaction' to Netherlands over embassy attack    Egypt, India's BDR Group in talks to establish biologics, cancer drug facility    AUC graduates first cohort of film industry business certificate    At TICAD, Egypt's education minister signs pacts with Casio, SAPIX    Egypt to tighten waste rules, cut rice straw fees to curb pollution    Indian tourist arrivals to Egypt jump 18.8% in H1-2025: ministry data    Egyptian pound down vs. US dollar at Monday's close – CBE    Egypt prepares unified stance ahead of COP30 in Brazil    Egypt recovers collection of ancient artefacts from Netherlands    Egypt harvests 315,000 cubic metres of rainwater in Sinai as part of flash flood protection measures    Egypt, Namibia explore closer pharmaceutical cooperation    Fitch Ratings: ASEAN Islamic finance set to surpass $1t by 2026-end    Renowned Egyptian novelist Sonallah Ibrahim dies at 88    Egyptian, Ugandan Presidents open business forum to boost trade    Al-Sisi says any party thinking Egypt will neglect water rights is 'completely mistaken'    Egypt's Sisi warns against unilateral Nile measures, reaffirms Egypt's water security stance    Egypt's Sisi, Uganda's Museveni discuss boosting ties    Egypt, Huawei explore healthcare digital transformation cooperation    Egypt's Sisi, Sudan's Idris discuss strategic ties, stability    Egypt to inaugurate Grand Egyptian Museum on 1 November    Greco-Roman rock-cut tombs unearthed in Egypt's Aswan    Egypt reveals heritage e-training portal    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Carrefour to open 4 branches in coordination with ITDA in investments worth EGP 230m
According to the ITDA, the space of any hypermarket in Egypt ranges between 10,000 and 15,000m, while the supermarket area ranges between 1,600 and 4,000m.
Basma Tharwat Nihal Samir Published in Daily News Egypt on 04 - 07 - 2019

Majid Al Futtaim Retail, operator of the Carrefour brand in Egypt, aims to open four new Carrefour branches, in coordination with the ministry of supply and internal trading, represented by the Internal Trade Development Authority (ITDA), within the next two years, Jean Luc Graziato, country manager of Carrefour Egypt told Daily News Egypt.
He added that the four branches include two supermarkets and two hypermarkets with total investments worth EGP 230m. Each super market will cost about EGP 15m, while the investment of each hypermarket is EGP 100m.
According to the ITDA, the space of any hypermarket in Egypt ranges between 10,000 and 15,000m, while the supermarket area ranges between 1,600 and 4,000m.
For his part, Herve Majidier, COO for Egypt, Saudi Arabia, Qatar, Kuwait, Oman, and Bahrain at Majid Al Futtaim Retail, stated that the company aims to open two new branches next month in Moqattam and a new branch in Almaza in September.
This is part of the expansion plan of the 100 Carrefour locations that is part of a joint initiative with the National Service Products Organisation and the Egyptian Ministry of Investment and International Cooperation.
Majidier added that Carrefour targets 20% growth in sales this year, and to reach 60 operating stores in Egypt by end of this year, compared to currently operating 46.
These interviews came during the signing a memorandum of understanding (MoU), between Majid Al Futtaim Retail and the ministry of social solidarity.
The Minister of Social Solidarity, Ghada Waly, explained that the signing of the MoU aims to provide 1,000 job opportunities for young job seekers by providing decent job opportunities through the networking of the beneficiaries of the ministry's "Forsa" programme with Majid Al Futtaim Retail (Carrefour).
Also, through supporting the "Sakan Karim," programme through putting donation funds in 44 branches of Carrefour, the opening of new markets will support productive families by offering their products in six branches of Carrefour.

Clic here to read the story from its source.