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FINANCIAL NEWS
Carrefour to launch store in DIP by late 2012
06 Jul 2011
(MENAFN) Carrefour’s UAE general manager, Stephane Duretz, said that by late 2012, the French chain would open its branch in Dubai Investment Park (DIP), reported Gulf News.
Duretz added that the retailer started building a 30,000 square foot of the project and would add an additional 10,000 square foot food section; moreover, the facility would attract the 100,000 DIP residents who would seek an enhanced shopping experience and the chain would naturally meet those demands.
He also said that at the time being, Carrefour market operated 12 stores in Dubai with more outlets due to open in 2011 and further expansion plans in the future.
It is worth noting that Dubai Investment Park is a mixed-use industrial, commercial and residential complex operated by Dubai Investments Park Development Company, it had 1,236 tenants and 1,349 sub-tenants as of January.
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