Latest news with #MohamedKhafaga
Zawya
09-07-2025
- Business
- Zawya
Majid Al Futtaim expands footprint in Egypt with first Carrefour store opening in New Alamein City
Cairo, Egypt: Majid Al Futtaim, which owns the exclusive rights to operate Carrefour in Egypt, announced the opening of its first Carrefour store in New Alamein City, located in the newly inaugurated North Square Mall. This expansion is part of the company's strategy to broaden its presence in key locations across Egypt, addressing growing customer needs for enhanced accessibility to retail outlets in new destinations. It also aligns with Majid Al Futtaim's commitment to supporting local communities by driving economic empowerment, community growth and local job creation. The opening ceremony was led by Mohamed Khafaga, Country Manager of Majid Al Futtaim Retail in Egypt, and George Metry, Chairman of Counsel Masters, among other senior officials and key representatives from both parties. Commenting on the opening, Mohamed Khafaga, Country Manager of Majid Al Futtaim Retail in Egypt, stated: 'This store marks a strategic step in reinforcing our commitment to Egypt's forward-looking national agendas, most notably Egypt Vision 2030 and the Urban Development Vision 2052. Our presence in New Alamein City reflects our confidence in its role as a model for modern urban development and sustainable growth, as well as its standing as a key investment destination and an emerging regional hub that brings together communities, tourism, and businesses.' He added: 'Through this expansion, we aim to deliver an enhanced shopping experience that increases accessibility and meets the evolving aspirations of Egyptian families. We remain committed to integrating the latest retail innovations and service standards to ensure a value-driven, smart and enjoyable shopping experience, while leading an impactful role in the economic prosperity of Egypt, supporting sustainable development efforts through creating job opportunities, partnering with local suppliers, and empowering food security through more robust local supply chains.' Mr. George Metry, Chairman of Counsel Masters, stated: 'The opening of Carrefour at North Square marks a new strategic milestone and reflects our ongoing commitment at Counsel Masters to attract partners who bring real value to both the destination and the daily lives of New Alamein residents. Carrefour's presence at North Square is not only a testament to the mall's growing status, but also a key addition that meets essential needs for residents and visitors—during the summer season and, very soon, throughout the entire year—through a high-quality, diverse retail experience.' Carrefour's increased footprint has also presented new opportunities for more than 800 local farmers, SMEs, and manufacturers to grow their business to accommodate the increased demand. Currently local sourcing accounts for a remarkable 99 per cent of total supply chain for Carrefour Egypt. The New Alamein store will also secure 140 direct and indirect job opportunities for Egyptians. The new store offers a wide selection of high-quality products at competitive prices. With over 5,000 items available, the store features fresh and frozen food, baked goods, and household essentials.
See - Sada Elbalad
06-02-2025
- Business
- See - Sada Elbalad
Cleopatra Group and Carrefour Sign Landmark Deal for New Retail Hub in Egypt
H-Tayea Cleopatra Group has announced a major partnership with Majid Al Futtaim, the exclusive operator of Carrefour in Egypt, to launch a flagship Carrefour hypermarket inside Cleopatra Mall in Sheikh Zayed. This marks a milestone in Egypt's retail landscape and the largest commercial development in the 6th of October area. The signing ceremony was attended by Yousry Fahim, CEO of Cleopatra Group, and Mohamed Khafaga, CEO of Retail Operations at Majid Al Futtaim Egypt. Yousry Fahim emphasized that this partnership is a strategic step toward making Cleopatra Mall a premier destination for shopping, entertainment, and business in one of Cairo's fastest-growing districts. Designed as a cutting-edge commercial hub, Cleopatra Mall is expected to attract over 30 million visitors annually, setting a new standard in retail and urban planning. Fahim highlighted that Carrefour is the ideal partner due to its strong market presence and commitment to offering high-quality products at competitive prices. The new Carrefour hypermarket, spanning 5,500 square meters, will introduce a world-class shopping experience, catering to the diverse needs of local residents and the surrounding communities. "We are entering a new phase in Egypt's commercial and real estate investment sector. Cleopatra Mall will be a transformative addition, further solidifying Egypt's status as a regional leader in trade, tourism, and entertainment," Fahim stated. Strategically positioned along the 26th of July Corridor, Cleopatra Mall enjoys proximity to modern residential communities, Sphinx International Airport, and the Grand Egyptian Museum. Covering an expansive 34 acres, the project features 312,000 square meters of built-up space, with a state-of-the-art parking facility accommodating over 3,500 vehicles. The mall is designed to provide an all-encompassing retail and leisure experience. Mohamed Khafaga, CEO of Retail Operations at Majid Al Futtaim Egypt, expressed enthusiasm about the partnership, saying, "This collaboration strengthens our footprint in the Egyptian market. We are committed to delivering a comprehensive retail experience, from fresh groceries and premium meats to electronics and home essentials, ensuring the highest standards of quality and service." Khafaga further noted that Cleopatra Mall is more than just a shopping destination; it is a groundbreaking multi-purpose development incorporating retail, corporate, and entertainment spaces. Designed in collaboration with leading global architects, the project has already received multiple international accolades for its innovative design. Cleopatra Mall has also announced the opening of leasing opportunities for businesses and global retail brands, with plans to introduce a wide range of services, including banking facilities, telecommunications providers, flagship retail stores, and family entertainment centers. With this landmark partnership, Cleopatra Mall and Carrefour are set to redefine Egypt's retail experience, offering a next-generation shopping destination that blends luxury, convenience, and innovation.
