{"id":671114,"date":"2025-09-01T00:00:00","date_gmt":"2025-09-01T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/09\/01\/majid-al-futtaim-earmarks-egp-1-9-bn-in-investments-for-the-local-market-this-year\/"},"modified":"2025-09-01T00:00:00","modified_gmt":"2025-09-01T00:00:00","slug":"majid-al-futtaim-earmarks-egp-1-9-bn-in-investments-for-the-local-market-this-year","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/09\/01\/majid-al-futtaim-earmarks-egp-1-9-bn-in-investments-for-the-local-market-this-year\/","title":{"rendered":"Majid Al Futtaim earmarks EGP 1.9 bn in investments for the local market this year"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Majid Al Futtaim<\/strong><strong> plans to invest EGP 1.9 bn in Egypt\u2019s retail sector this year<\/strong>, Egypt country manager Mohamed Khafaga said on the sidelines of the inauguration of its first Carrefour branch in Suez attended by EnterpriseAM. \u201cWe are committed to being part of Egypt\u2019s future through local investment and contributing to achieving Egypt Vision 2030,\u201d said Majid Al Futtaim Retail CEO G\u00fcnther Helm.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More expansion plans ahead through 2030: <\/strong>The company aims to expand its retail footprint in Egypt over the coming five years, opening 300 new outlets across its brand portfolio, which currently includes 70 Carrefour stores, 25 Supeco outlets, and five Myli stores. Majid Al Futtaim Retail is currently present in 18 governorates and plans to expand nationwide by 2030. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egyptian-made goods to hit Careffour shelves abroad: <\/strong>The Emirati retailer has also begun exporting some Egyptian agricultural, food, and textile products to its branches abroad, Khafaga said, highlighting the company\u2019s commitment to supporting local production and supply chains. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DATA POINT- <\/strong>Around 99% of the more than 25k products offered at Carrefour Egypt are sourced locally through partnerships with some 800 suppliers, including farmers, SMEs, and factories.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company plans to expand its retail footprint in Egypt by 2030 to 400 stores<\/p>\n","protected":false},"author":1,"featured_media":671115,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[8312],"tags":[8934,72,1896,338],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-671114","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-retail","tag-carrefour","tag-enterpriseam","tag-majid-al-futtaim","tag-retail","wpautop","entry"],"acf":{"mongo_id":"7c85fa00-e787-43ab-a8b0-1364c7154514","order":"7","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/9\/16.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Majid Al Futtaim earmarks EGP 1.9 bn in investments for the Egyptian market this year","related_issue":[671102],"teaser":"The company plans to expand its retail footprint in Egypt by 2030 to 400 stores","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/9\/.33f4cf33-67fb-4794-b8a6-c33bc6ab371e.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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Executive Regional Manager Herve Majidier had previously said MAF will invest USD 500\u2026","rel":"","context":"In &quot;Other Business News of Note&quot;","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":593520,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/01\/majid-al-futtaim-opens-egp-6-8-bn-city-center-almaza-in-heliopolis\/","url_meta":{"origin":671114,"position":1},"title":"Majid Al Futtaim opens EGP 6.8 bn City Center Almaza in Heliopolis","author":"enterpriseam admin","date":"1 October 2019","format":false,"excerpt":"INVESTMENT WATCH- Majid Al Futtaim opens EGP 6.8 bn Heliopolis mall: UAE-based real estate developer and retail giant Majid Al Futtaim (MAF) opened yesterday its EGP 6.8 bn City Center Almaza shopping mall in Heliopolis, Al Mal reported. The mall includes 260 retail shops, a cinema and a Carrefour hypermarket.\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":644759,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/03\/majid-al-futtaim-acquires-retail-arabia\/","url_meta":{"origin":671114,"position":2},"title":"Majid Al Futtaim acquires Retail Arabia","author":"enterpriseam admin","date":"3 July 2017","format":false,"excerpt":"Majid Al Futtaim acquired 26 Geant stories from Retail Arabia\u2019s parent company BMA International, in addition to four Gulfmart supermarkets in Bahrain, The National reports. The stores will be rebranded to Carrefour, bringing the number of Carrefour supermarkets to 80 in the UAE, 11 in Bahrain, and eight in Kuwait.\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":598446,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/26\/maf-inaugurates-carrefour-store-in-ismailia\/","url_meta":{"origin":671114,"position":3},"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. The mall is the first of an agreement signed between MAF, the Investment Ministry, and the National Service Projects Organization to open 100 outlets\u2026","rel":"","context":"In &quot;Other Business News of Note&quot;","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":671114,"position":4},"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 &quot;Speed Round&quot;","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":671114,"position":5},"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 &quot;Investment Watch&quot;","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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/671114","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=671114"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/671114\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/671102"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/671115"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=671114"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=671114"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=671114"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=671114"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=671114"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}