Nov 12 2009 |
more articles from
|
Carrefour gets nine-year lease to operate hypermarket in Cairo
Thursday, Nov 12, 2009
Gulf News
Dubai Al Futtaim Group Real Estate yesterday announced the leasing of Cairo Festival City's Festival Centre hypermarket in a deal signed with Majid Al Futtaim 's Carrefour . Officials of both companies met in Dubai on November 3 to sign the contract, which gives Carrefour a nine-year lease and the option to renew it for another nine years.
"Signing with Carrefour is an exciting development for both Cairo Festival City and MAF Hypermarkets . We are certain that bringing the best hypermarket operator to the best site in Cairo will meet the needs of the New Cairo population," said Brett Schafer, Al Futtaim's senior managing director.
MAF Retail introduced the hypermarket model in the Middle East in 1995 and since then has rapidly expanded in the region. Today it operates 37 stores across the Mena region, of which four hypermarkets and one supermarket are in Egypt. In addition, Carrefour is considered the largest international operator in this sector, with 7,984 stores worldwide including 1,262 hypermarkets.
" Carrefour is the second largest hypermarket operator in the world and the largest in terms of international presence. We are developing a quality super regional shopping centre with an international line-up of retailers. We will be announcing more quality signings very soon."
© Gulf News 2009. All rights reserved.
Zawya Comment Policy
-
Zawya encourages you to add a comment to this discussion. You agree that when you add content to this discussion your comments will not:
1.1 Contain any material which is libelous or defamatory of any person, is obscene, offensive, hateful or inflammatory or causes damage to the reputation of any person or organisation.
1.2 Promote sexually explicit material, violence, discrimination based on race, sex, religion, nationality, disability, sexual orientation or age or any illegal activity.
1.3 Be made in breach of any legal duty owed to a third party, such as a contractual duty or a duty of confidence.
1.4 Be threatening, abuse or invade another's privacy, or cause annoyance, inconvenience or needless anxiety.
1.5 Be used to impersonate any person, to misrepresent your identity or affiliation with any person, or be likely to deceive any person.
1.6 Give the impression that they represent Zawya.
1.7 Advocate, promote or assist any unlawful act such as (by way of example only) copyright infringement or computer misuse. - The content posted on www.zawya.com is created by members of the public. The views expressed are theirs and unless specifically stated are not those of Zawya. Zawya reserves the right to review all comments prior to posting and edit or delete any contribution, but Zawya is not responsible for and can not be held liable for any content posted by members of the public on www.zawya.com.
- Zawya is not responsible for the availability or content of any third party sites that are accessible through www.zawya.com. Any links to third party websites from www.zawya.com do not amount to any endorsement of that site by Zawya and any use of that site by you is at your own risk.
- By submitting your comment, you hereby give Zawya the right, but not the obligation, to post, air, edit, exhibit, telecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comments worldwide, in perpetuity.
Copyright © 2012 Zawya Ltd. All rights reserved. |
provided by www.zawya.com |
Post Your Comment