Majid Al Futtaim to open 100 new Carrefour stores

INVESTMENT WATCH- MAF to open 100 new Carrefour stores in Egypt. Majid Al Futtaim (MAF) signed a cooperation protocol with the Investment Ministry and the National Service Projects Organization to open 100 Carrefour stores in industrial zones across Egypt. “This agreement comes in line with Majid Al Futtaim’s commitment towards the socio-economic development of Egypt and subsequently fulfills the Government’s vision,” MAF Egypt Country Head Abdalla El Nokrashy says. MAF currently has 37 Carrefour stores nationwide. Zaki Hashem & Partners is Majid Al Futtaim’s legal advisor on the partnership.