{"id":544576,"date":"2022-03-10T04:00:38","date_gmt":"2022-03-10T04:00:38","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/10\/carrefour-egypt-to-spend-egp-250-mn-on-egypt-expansion\/"},"modified":"2022-03-10T04:00:38","modified_gmt":"2022-03-10T04:00:38","slug":"carrefour-egypt-to-spend-egp-250-mn-on-egypt-expansion","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/10\/carrefour-egypt-to-spend-egp-250-mn-on-egypt-expansion\/","title":{"rendered":"Carrefour Egypt to spend EGP 250 mn on Egypt expansion"},"content":{"rendered":"

<\/a> Carrefour Egypt plans to invest EGP 250 mn and build 10 new stores in Egypt this <\/strong>year<\/strong>, Masrawy<\/a> quotes Carrefour Egypt head Philippe Peguilhan as saying. The Majid Al Futtaim-owned retailer is eyeing new locations in Cairo, Alexandria, the North Coast, the Red Sea, the Delta, and New El Alamein. Carrefour currently has 59 stores nationwide, including 14 hypermarkets and 45 supermarkets.<\/p>\n

Ramadan prep amid the commodities crunch: <\/strong>At a recent meeting with government officials, Carrefour pledged to ensure all its product lines are available at reasonable prices ahead of Ramadan, despite Russia\u2019s war on Ukraine, Peguilhan said. The war has knocked out a good chunk of global wheat supply, sending prices soaring and threatening widespread food inflation.<\/p>\n

Continued expansion: <\/strong>The chain saw sales rise 40% \u2014 exceeding its targets \u2014 and built seven new stores last year. Peguilhan said. Carrefour had reportedly targeted<\/a> investing EGP 400 mn to set up 20 new branches in 2021, backed by expectations for a rapid recovery in consumer demand.<\/p>\n

OTHER INVESTMENT NEWS-<\/strong><\/p>\n

Saudi tech firm Brmaja plans to increase its <\/strong>investments in Egypt by 20% this year<\/strong>, Al Mal<\/a> reported CEO Hatem Bakheet as saying, without disclosing figures. The company and its two subsidiaries, Brmaja IT and Brmaja Innovation, are all looking to expand in the Egyptian market this year, he said.<\/p>\n

The company\u2019s Egyptian arm has said it is eyeing an IPO on the EGX as early as this<\/strong> month<\/strong>, but we\u2019ve seen little to suggest the offering by<\/a>Brmaja Innovation<\/a> is imminent. The company registered its shares with Misr for Central Clearing, Depository and Registry last month and is has said it could list 20% of its shares in an EGP 400 mn sale. It has plans to acquire its Saudi parent company in a reverse merger ahead of the listing.<\/p>\n","protected":false},"excerpt":{"rendered":"

Carrefour Egypt plans to invest EGP 250 mn and build 10 new stores in Egypt this year, Masrawy quotes Carrefour Egypt head Philippe Peguilhan as saying. The Majid Al Futtaim-owned retailer is eyeing new locations in Cairo, Alexandria, the North Coast, the Red Sea, the Delta, and New El Alamein. Carrefour currently has 59 stores […]<\/p>\n","protected":false},"author":1,"featured_media":544577,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7272],"tags":[918,1332,72,125],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-544576","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-watch","tag-brmaja","tag-carrefour-egypt","tag-enterpriseam","tag-investment-watch","wpautop","entry"],"acf":{"mongo_id":"3c176819-97a1-4a3c-ad42-2e6e7a640d28","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/3\/127.jpg","photo_position":"above","related_issue":[544564],"teaser":"","voice_url":""},"yoast_head":"\nCarrefour Egypt to spend EGP 250 mn on Egypt expansion - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/10\/carrefour-egypt-to-spend-egp-250-mn-on-egypt-expansion\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Carrefour Egypt to spend EGP 250 mn on Egypt expansion\" \/>\n<meta property=\"og:description\" content=\"Carrefour Egypt plans to invest EGP 250 mn and build 10 new stores in Egypt this year, Masrawy quotes Carrefour Egypt head Philippe Peguilhan as saying. 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Executive Regional Manager Herve Majidier had previously said MAF will invest USD 500\u2026","rel":"","context":"In "Other Business News of Note"","block_context":{"text":"Other Business News of Note","link":"https:\/\/enterpriseam.com\/egypt\/category\/other-business-news-of-note\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":632798,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/20\/majid-al-futtaim-to-open-100-new-carrefour-stores\/","url_meta":{"origin":544576,"position":1},"title":"Majid Al Futtaim to open 100 new Carrefour stores","author":"enterpriseam admin","date":"20 February 2018","format":false,"excerpt":"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. \u201cThis agreement comes in line with Majid Al Futtaim\u2019s commitment towards\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":574172,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/01\/carrefour-egypt-to-open-nine-new-stores-this-year\/","url_meta":{"origin":544576,"position":2},"title":"Carrefour Egypt to open nine new stores this year","author":"enterpriseam admin","date":"1 September 2020","format":false,"excerpt":"INVESTMENT WATCH- Carrefour Egypt to open nine new locations at a cost of EGP 200 mn this year: Majid Al Futtaim (MAF)-owned supermarket chain Carrefour Egypt is spending EGP 200 mn to open nine new stores in Cairo and Alexandria before the end of the year, the chain\u2019s Egypt country\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":561643,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/15\/carrefour-to-invest-egp-400-mn-opening-new-locations-this-year\/","url_meta":{"origin":544576,"position":3},"title":"Carrefour to invest EGP 400 mn opening new locations this year","author":"enterpriseam admin","date":"15 April 2021","format":false,"excerpt":"Carrefour Egypt is planning to invest EGP 400 mn to set up 20 new branches this year, backed by projections of a rapid recovery in consumer demand, Carrefour Egypt Director Jean-Luc Graziato tells Al Mal. Three of these branches will open in the coming weeks, he said. The expansion could\u2026","rel":"","context":"In "Investment Watch"","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/4\/154.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":593662,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/07\/carrefour-to-invest-egp-500-mn-in-egypt-in-2020\/","url_meta":{"origin":544576,"position":4},"title":"Carrefour to invest EGP 500 mn in Egypt in 2020","author":"enterpriseam admin","date":"7 October 2019","format":false,"excerpt":"INVESTMENT WATCH- Majid Al-Futtaim Group (MAF)\u2019s Carrefour aims to invest around EGP 500 mn in Egypt next year opening three new hypermarkets and 24 new supermarkets, said Country Manager Jean Luc Graziato, according to the local press. The company already has 47 branches in the country, and is expected to\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":626918,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/15\/maf-to-kick-off-egypt-expansion-plans-with-new-carrefour-in-ismailia\/","url_meta":{"origin":544576,"position":5},"title":"MAF to kick off Egypt expansion plans with new Carrefour in Ismailia","author":"enterpriseam admin","date":"15 July 2018","format":false,"excerpt":"Majid Al Futtaim (MAF) is planning to kick off its Egypt expansion plans with a new Carrefour store in Ismailia, MAF Chief Operating Officer Herve Majidier said without noting when the store will be opened. MAF signed a cooperation protocol with the Investment Ministry and the National Service Projects Organization\u2026","rel":"","context":"In "Other Business News of Note"","block_context":{"text":"Other Business News of Note","link":"https:\/\/enterpriseam.com\/egypt\/category\/other-business-news-of-note\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/544576","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=544576"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/544576\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/544564"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/544577"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=544576"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=544576"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=544576"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=544576"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=544576"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}