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Partnership will allow local SMEs to display products at Carrefour hypermarkets and supermarkets
Dubai - Dubai SME, the agency of the Department of Economic Development (DED) in Dubai mandated to develop the small and medium enterprise (SME) sector, has signed a Memorandum of Understanding (MoU) with Majid Al Futtaim Retail to support members of Dubai SME through the display of their products at Carrefour hypermarkets and supermarkets.
Carrefour is a subsidiary of Majid Al Futtaim Retail with operations across the UAE. The aim of the agreement is to enhance competitiveness amongst members of Dubai SME, support the development of small and medium enterprises in the retail business and contribute to the GDP of Dubai and the UAE.
The MoU was signed at the Dubai SME headquarters in the Business Village by His Excellency Abdul Baset Al Janahi, Chief Executive Officer, Dubai SME, and Miguel Povedano, Executive Regional Director, Carrefour UAE, in the presence of a number of executives and officials from both sides.
Al Janahi said: “Dubai SME is seeking to help develop small and medium enterprises by partnering with the private sector, thereby increasing their operational productivity and customer reach. This agreement offers rewarding opportunities for members and provides a strong platform to display and promote their products. With its many convenient locations in the UAE, Carrefour enjoys high popularity and footfall cutting across segments of the UAE community.”
Al Janahi added: “We constantly explore opportunities and benefits for our members to get the best results for their businesses. This agreement will enable our members to promote their products, in particular, fresh food, groceries, household and electrical appliances and textiles.”
Al Janahi also highlighted Dubai SME’s continued efforts in seeking out avenues compatible to the nature of its members’ projects as well as the national development policy. He said Dubai SME entering into partnerships allowed entrepreneurs to become part of the global trade ecosystem and created a platform for the members to compete with big local companies in the market.
Commenting on the MoU, Miguel Povedano, Executive Regional Director at Majid Al Futtaim Retail, said: “We are proud of this partnership with Dubai SME, which allows us to become a platform for local companies seeking to achieve growth and development. It also supports our role in contributing to the UAE economy and help achieve economic diversity. We at Carrefour strive to provide quality products at competitive prices, and this partnership will support our efforts to diversify our suppliers and enhance our product offering to customers, creating great moments for everyone, everyday.”
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About Dubai SME
Dubai SME, an agency of the Department of Economic Development (DED), Government of Dubai, aims to foster an entrepreneurial culture and develop a competitive SME sector for the Emirate of Dubai. The key strategies adopted by Dubai SME are: advocate a pro-business environment for developing entrepreneurship and SMEs, seed innovative start-ups and groom promising SMEs. Dubai SME’s vision is to make Dubai the centre for innovative SMEs to start, grow and expand their businesses, thus adding greater value to the economy of Dubai.
About Majid Al Futtaim
Founded in 1992, Majid Al Futtaim is the leading shopping mall, retail and leisure pioneer across the Middle East and North Africa (MENA).
A remarkable business success story, Majid Al Futtaim started from one man’s vision to transform the face of shopping, entertainment and leisure to ‘create great moments for everyone, every day’. It has since grown into one of the United Arab Emirates’ most respected and successful businesses spanning 15 international markets, employing more than 33,000 people, and achieving the highest credit rating (BBB) among privately-held corporates in the Middle East.
Majid Al Futtaim owns and operates 20 shopping malls, 12 hotels and three mixed-use communities, with further developments underway in the region. The shopping malls portfolio includes Mall of the Emirates, City Centre malls and My City Centre neighbourhood centres, and also four community malls which are in joint venture with the Government of Sharjah. The Company holds exclusive rights to the Carrefour franchise in 38 markets across Middle East, Africa and Central Asia, and operates a portfolio of more than 160 outlets in 15 countries.
Majid Al Futtaim operates 194 VOX Cinema screens and 26 Magic Planet family entertainment centres across the region, in addition to iconic leisure and entertainment facilities such as Ski Dubai and iFly Dubai, among others. The Company is parent to the consumer finance company issuing 'Najm' and ‘Voyager’ credit cards, a fashion retail business representing international brands such as Abercrombie & Fitch, AllSaints and lululemon athletica, and a healthcare business that operates City Centre Clinics. In addition, Majid Al Futtaim operates Enova, a facility management company, through a joint venture operation with Veolia, a global leader in optimised environment resource management. The Company also owns the rights to The LEGO Store in the Middle East and operates in the food and beverage industry through a partnership with Gourmet Gulf.
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© Press Release 2017
