The Carrefour Egypt stores of the Majid Al Futtaim UAE group intend to invest 200 million pounds (46.3 million dirhams) to establish 9 new branches before the end of this year, despite Its sales were affected by the Coronavirus pandemic.
According to Reuters, Jean-Luc Graziato, director of Carrefour stores, said that the new branches scheduled to open in Cairo and Alexandria will increase the number of branches in the country to 63 by the end of 2020.
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and stated that Carrefour's market share in the retail sector ranges between 21 and 22% of the Egyptian market.
(Amazon fun knowledge)
