CARREFOUR'S franchise partner Majid Al Futtaim unveils plans for Pakistan

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July 3, 2009 |

Planet Retail 2 Jul 2009

Carrefour's franchise partner in the Middle East, Majid Al Futtaim (MAF), plans to open 10 hypermarkets in Pakistan over the next five years.

As already reported, the retailer opened its first hypermarket in the country in May. The outlet is in Lahore, near the Indian border, at an investment of nearly EUR15 million (USD19.5 million). For security reasons, the hypermarket did not open under the Carrefour banner, but under the Hyperstar banner. After the first year, the retailer expects a turnover of EUR35 million (USD45.6 million).

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