{"id":561643,"date":"2021-04-15T04:00:01","date_gmt":"2021-04-15T04:00:01","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/15\/carrefour-to-invest-egp-400-mn-opening-new-locations-this-year\/"},"modified":"2021-04-15T04:00:01","modified_gmt":"2021-04-15T04:00:01","slug":"carrefour-to-invest-egp-400-mn-opening-new-locations-this-year","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/15\/carrefour-to-invest-egp-400-mn-opening-new-locations-this-year\/","title":{"rendered":"Carrefour to invest EGP 400 mn opening new locations this year"},"content":{"rendered":"

<\/a> Carrefour Egypt is planning to invest EGP 400 mn to set up 20 new branches this <\/strong>year<\/strong>, backed by projections of a rapid recovery in consumer demand, Carrefour Egypt Director Jean-Luc Graziato tells Al Mal<\/a>. Three of these branches will open in the coming weeks, he said. The expansion could potentially include two or three Upper Egypt locations and an unspecified number of stores on the north coast splitn between Alexandria and Sahel.<\/p>\n

At least four of the hypermarket chain\u2019s new branches will be opened in partnership with Omar Effendi<\/strong> as part of an agreement earlier this year<\/a> that will see Carrefour open mini branches inside 14 of the Egyptian retailer\u2019s outlets.<\/p>\n

Carrefour is tapping more into e-commerce: <\/strong>The company plans to double down on expanding home deliveries and launch its own online fresh food delivery portal, Carrefour eFood, in the coming year.<\/p>\n

The Majid Al Futtaim-owned retailer could also be going full Amazon in the near future:<\/strong><\/p>\n

The company is looking to expand its Scan and Go offering<\/a>, which allows users contactless payment by directly scanning items they intend to purchase at a designated station that charges their linked accounts, to more locations in 2021. The technology is currently available for use at Carrefour\u2019s City Center Maadi, Cairo Festival City Mall, Madinaty and Al Shorouk branches.<\/p>\n","protected":false},"excerpt":{"rendered":"

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 potentially include two or three […]<\/p>\n","protected":false},"author":1,"featured_media":561644,"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":[1332,72,125,1896,338],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-561643","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-watch","tag-carrefour-egypt","tag-enterpriseam","tag-investment-watch","tag-majid-al-futtaim","tag-retail","wpautop","entry"],"acf":{"mongo_id":"21b67e23-681b-497f-995a-b9c4c6b9bc0b","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/4\/154.jpg","photo_position":"above","related_issue":[561639],"teaser":"","voice_url":""},"yoast_head":"\nCarrefour to invest EGP 400 mn opening new locations this year - 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\/2021\/04\/15\/carrefour-to-invest-egp-400-mn-opening-new-locations-this-year\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Carrefour to invest EGP 400 mn opening new locations this year\" \/>\n<meta property=\"og:description\" content=\"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. 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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":574172,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/01\/carrefour-egypt-to-open-nine-new-stores-this-year\/","url_meta":{"origin":561643,"position":1},"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":544576,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/10\/carrefour-egypt-to-spend-egp-250-mn-on-egypt-expansion\/","url_meta":{"origin":561643,"position":2},"title":"Carrefour Egypt to spend EGP 250 mn on Egypt expansion","author":"enterpriseam admin","date":"10 March 2022","format":false,"excerpt":"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.\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\/2022\/3\/127.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":573073,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/19\/maf-opens-53rd-egypt-carrefour-store-in-alexandria\/","url_meta":{"origin":561643,"position":3},"title":"MAF opens 53rd Egypt Carrefour store in Alexandria","author":"enterpriseam admin","date":"19 July 2020","format":false,"excerpt":"Majid Al Futtaim has opened in Alexandria its 53rd Egyptian Carrefour branch, Masrawy reports. The company plans to invest EGP 37 mn to open another three branches this year, Country Manager Jean Luc Graziato said during the inauguration, without providing further details.","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":560346,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/24\/foreign-investors-want-minority-stake-in-hyperone-carrefour-expanding\/","url_meta":{"origin":561643,"position":4},"title":"Foreign investors want minority stake in HyperOne, Carrefour expanding","author":"enterpriseam admin","date":"24 February 2021","format":false,"excerpt":"Unnamed foreign investors and funds are interested in acquiring a 20% stake in Egyptian retail chain HyperOne, Mohamed El Hawary, the chairman of the supermarket chain\u2019s business group, told the local press. Talks are still in very early stages, El Hawary said, without putting an estimated closing time for a\u2026","rel":"","context":"In "RETAIL"","block_context":{"text":"RETAIL","link":"https:\/\/enterpriseam.com\/egypt\/category\/retail\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/2\/348.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":598446,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/26\/maf-inaugurates-carrefour-store-in-ismailia\/","url_meta":{"origin":561643,"position":5},"title":"MAF inaugurates Carrefour store in Ismailia","author":"enterpriseam admin","date":"26 May 2019","format":false,"excerpt":"Majid Al-Futtaim Group (MAF) has inaugurated a shopping mall, with a Carrefour store, in Ismailia at an investment cost of EGP 200 mn, Al Shorouk reports. 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