Latest in Highlight
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Carrefour to invest EGP 700m, EGP 500m by end of 2019, 2020 respectively
Carrefour inaugurated Hypermarket in Almaza this month with investments of EGP 210m
Majid Al Futtaim opens City Centre Almaza to public
CEO of shopping malls at Majid Al Futtaim properties, Ghaith Shocair said, “City Centre Almaza marks the next step in our growth strategy for Egypt as we increase the size of our shopping malls business in Egypt by almost 30%.”
City Centre Almaza hands over possession to retailers, confirming September 2019 opening is firmly on track
On track to open its doors to the public on September 30 this year, City Centre Almaza features 103,000 square metres of unique retail space, dining outlets and exciting lifestyle experiences to provide great moments to Cairo residents and tourists.
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.
Majid Al Futtaim’s investments in Egypt amount to EGP 700m in 2019
Company to inaugurate integrated mall in Madinat Nasr year-end with investments worth EGP 230m
Majid Al Futtaim targets to open 3 Carrefour branches in New Administrative Capital
Company inaugurates first integrated mall in Ismailia with investments of EGP 200m
City Centre Alexandria Fall/Winter Bazaar hosts 21 Egyptian fashion icons
Bazaar kicked off on Sunday, 18 November, will run for four days
Majid Al Futtaim launches 10th annual women’s heart health campaign
‘Feel the Beat’ campaign to raise awareness about heart health among women
Majid Al Futtaim, UNICEF partner to help send 1 million children to school by 2020
The MoU targets improving child-friendly education, safe learning environments, promoting life skills and citizenship education for children in Egypt, Jordan, Saudi Arabia, Oman, Lebanon, and United Arab Emirates
Majid Al Futtaim, Sawiris Foundation sign partnership agreement to launch ‘Know Me, Accept Me’ initiative
Majid Al Futtaim Retail, which holds the exclusive franchise rights to operate Carrefour in 38 countries, and the Sawiris Foundation for Social Development, one of family-funded foundations in Egypt set up with an endowment from the Sawiris family, signed a partnership agreement for the enhancement of life of persons with disabilities. Under this partnership, the …
Majid Al Futtaim to establish 100 Carrefour retail stores
Majid Al Futtaim, the owner of the Carrefour supermarket chain in 38 markets, signed a cooperation protocol with the Ministry of Investment and International Cooperation and the National Service Projects Organisation to establish 100 Carrefour retail stores across several Egyptian governorates. In a press statement on Monday, the company said that the signing of this …
A Fine Bargain
Retail conglomerate Majid Al Futtaim’s $1.3bn investment plan in Egypt was announced when economic growth was still fledgling. But two years from then, the company and its CEO Alain Bejjani’s commitment seems to have paid off as Egypt’s economy surges. For Alain Bejjani, the reason for Majid Al Futtaim’s sizeable presence in Egypt is quite …
Majid Al Futtaim opens doors of ‘Mall of Egypt’
With $722 million in investments, the company’s first super-regional mall in Egypt introduces new concepts to the local market
Majid AlFuttaim to open Mall of Egypt in March
Will be first regional shopping center for the company in Egypt, offering unprecedented concepts in shopping and entertainment
Mall of Egypt to be inaugurated in Q1 of 2017: Majid Al Futtaim
Majid Al Futtaim said that it will inaugurate Mall of Egypt during the first quarter of this year.
Majid Al-Futtaim set to officially open Mall of Egypt in March 2017
The opening will coincide with the launch of fully-integrated leisure and entertainment experiences at Egypt’s first super-regional shopping mall
Social Solidarity Ministry, Majid Al Futtaim sign cooperation protocol
The protocol supports the goals and vision of both the ministry and the company to create great moments for everyone, according to the agreement
Majid Al Futtaim achieves $1bn in revenues in 2015, of which Egypt represents 6%
Mall of Egypt will be inaugurated in September 2016 and Almaza City Centre during 2019, says Chief Human Capital Officer
EGP 2.5bn syndicated loan to Majid Al Futtaim
Alex Bank and the National Bank of Abu Dhabi will act as account banks
Majid Al Futtaim 2015 audited results confirm 29% increase in net profit
As for earnings before interest, taxes, depreciation and amortisation (EBITDA), they went up 7%, recording AED 3.8bn in 2015
City Centre Almaza construction kicks off, Salman hastens completion
The armed forces undertook construction of the roads and bridges surrounding the shopping centre for EGP 35.5m
Majid Al Futtaim issues $500m sukuk in Nasdaq Dubai
The bonds are the second to be listed by Majid Al Futtaim on the exchange, following a $400m listing in 2013
Banks await Majid Al Futtaim announcement on funding alliance: Bank Audi Egypt
Two bank alliances, consisting of 12 banks, compete to grant company EGP 2.4bn
Carrefour to open 5 new branches in June: Egypt director
On the occasion of Ramadan, the hypermarket is offering discounts on basic items
UAE’s Majid Al-Futtaim boosts their investments in Egypt
MAF to construct four neighbourhood centres with EGP 4bn
We believe that we will achieve a healthy return on our investment: Majid Al-Futtaim Holding
In an interview with Daily News Egypt, the company’s CEO Alain Bejjani said his company is reviewing several opportunities in the country, whether government projects, acquisitions or real estate, especially after embarking on a five-year plan to invest EGP 18bn in the domestic market.
Majid Al Futtaim expected to complete Mall of Egypt construction in 2015
Mall is expected to be officially opened in 2016
Dubai’s Majid Al Futtaim group invests EGP 16.5bn in Egypt
The retail group plans to establish five commercial malls in Egypt over the next five years