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Carrefour inaugurated Hypermarket in Almaza this month with investments of EGP 210m
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%.”
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.
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.
Company to inaugurate integrated mall in Madinat Nasr year-end with investments worth EGP 230m
Company inaugurates first integrated mall in Ismailia with investments of EGP 200m
Bazaar kicked off on Sunday, 18 November, will run for four days
‘Feel the Beat’ campaign to raise awareness about heart health among women
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 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, 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 …
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 …
With $722 million in investments, the company’s first super-regional mall in Egypt introduces new concepts to the local market
Will be first regional shopping center for the company in Egypt, offering unprecedented concepts in shopping and entertainment
Majid Al Futtaim said that it will inaugurate Mall of Egypt during the first quarter of this year.
The opening will coincide with the launch of fully-integrated leisure and entertainment experiences at Egypt’s first super-regional shopping mall
The protocol supports the goals and vision of both the ministry and the company to create great moments for everyone, according to the agreement
Mall of Egypt will be inaugurated in September 2016 and Almaza City Centre during 2019, says Chief Human Capital Officer
Alex Bank and the National Bank of Abu Dhabi will act as account banks
As for earnings before interest, taxes, depreciation and amortisation (EBITDA), they went up 7%, recording AED 3.8bn in 2015
The armed forces undertook construction of the roads and bridges surrounding the shopping centre for EGP 35.5m
The bonds are the second to be listed by Majid Al Futtaim on the exchange, following a $400m listing in 2013
Two bank alliances, consisting of 12 banks, compete to grant company EGP 2.4bn
On the occasion of Ramadan, the hypermarket is offering discounts on basic items
MAF to construct four neighbourhood centres with EGP 4bn
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.
Mall is expected to be officially opened in 2016
The retail group plans to establish five commercial malls in Egypt over the next five years