20 Feb 2006
(MENAFN) Majid Al-Futtaim (MAF) Retail, the UAE company with the license to operate the Carrefour SA franchise in the Middle East, said that it is looking to open its first store in Iraq, Reuters reported.
In the past three years, the company opened 14 hypermarkets, bringing its total to 37 in the Middle East. MAF is now turning to countries such as Iraq, Yemen, Oman, Egypt, Iran, Saudi Arabia, Libya and Lebanon to open new Carrefour stores in a bid to tap growing consumer appetite in the Middle East and North Africa.
MAF will open the store in Arbil, one of Iraq’s largest cities, probably toward the end of 2010.
MAF, owned by billionaire UAE businessman Majid Al-Futtaim, traditionally enters markets with Carrefour as anchor tenant of its malls and recently opened a local version, under a different brand name, of the hypermarket in Iran’s capital Tehran.
24 May 2023
Empowering Success: BBK and BIBF honor 24 graduates of the BBK’s Women on Board Programme
16 Mar 2023
BBK partners with Four Seasons Private Residences Bahrain Bay to offer ownership financing for 112 waterfront homes.
01 Mar 2023
You could be the next lucky winner.. BBK: BD 1.9 million prizes from Al Hayrat this year