Algeria: Carrefour in Major Offensive

Source: Maghreb Confidential 15 March 2007

France's Carrefour retail group intends to open 18 hypermarkets in Algeria between now and 2012 with its local partner, ARDIS, an affiliate of the Arcofina group headed by Abdelouahab Rahim. Carrefour, which already operates a hypermarket with a floor space of 3,000 sq.m. at Hussein Dey in Algiers, has plans to inaugurate a new establishment of 9,000 sq.m. east of Algiers this year and then other stores in Oran and Constantine in 2008. The imminent closure of the Blanky supermarket chain will leave the market wide open for others.