Latest news with #NorthSquareMall
Zawya
5 days ago
- 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.
Daily News Egypt
16-03-2025
- Business
- Daily News Egypt
Counsel Masters, Platinum Group to host premier real estate showrooms at North Square Mall in Summer 2025
Counsel Masters, a leading mall and commercial project management company, has partnered with Platinum Group to host a major real estate marketing event at North Square Mall in New Alamein throughout the summer of 2025. This initiative aims to enhance real estate investment opportunities and position the mall as a dynamic hub for property sales and marketing. Counsel Masters currently manages and operates Mamsha Ahl Misr in Cairo and North Square Mall, one of New Alamein's most prominent commercial, entertainment, and tourism destinations. The company operates in collaboration with the Ministry of Housing, the New Urban Communities Authority, and City Edge Developments, the project's owner. Under the newly signed cooperation protocol, real estate showrooms will be set up within North Square Mall to showcase premier developments from top real estate companies. The initiative is expected to drive real estate growth in Egypt's northwestern coast and beyond by attracting both local and Arab investors, ultimately boosting property sales. George Mitry, Chairperson of Counsel Masters, emphasized the strategic value of the agreement, stating, 'Counsel Masters will provide rental spaces and exclusive benefits for real estate companies, while Platinum Group will leverage its network to bring in leading developers to showcase their projects to visitors.' Taher Hamdy, Chairperson of T.H Consulting, highlighted the significance of the initiative, noting, 'North Square Mall was selected for this event due to the city's rapid expansion and its emergence as a premier tourism and investment destination.' This collaboration aligns with Counsel Masters' broader strategy to enhance North Square Mall's commercial appeal. In the summer of 2024, the company successfully doubled the mall's occupancy by introducing over 70 new brands, resulting in a surge of more than 700,000 visitors. For the summer of 2025, the company aims to further increase foot traffic and strengthen North Square Mall's position as a leading destination for tourism, commerce, and real estate investment.
