MAJID AL FUTTAIM TO OPEN FOURTH CARREFOUR HYPERMARKET IN KENYA AT THE JUNCTION

30 November 2017

MAJID AL FUTTAIM TO OPEN FOURTH CARREFOUR HYPERMARKET IN KENYA AT THE JUNCTION

Nairobi, Kenya, November 30, 2017: Majid Al Futtaim, the leading shopping mall, communities, retail and leisure pioneer across the Middle East, Africa and Asia, today announced plans to open its fourth Carrefour hypermarket in Kenya, after taking up the anchor tenancy at the Junction Mall on Ngong Road.

The new hypermarket will be opened in January 2018 and will initially operate a section of the total selling partial area, offering a selected product range, while major refurbishment work is progressed in the eventual 5,000 square metre selling area. It will serve those living in the numerous residential areas along Ngong Road, as well as residents in Lavington and the greater Kilimani Area.

Franck Moreau, Country Manager, at Majid Al Futtaim – Retail Kenya said, “We are excited to mark yet another milestone in our ambitious growth and expansion plan. The Junction is a highly strategic location for Carrefour Kenya, and is significant in our ongoing quest to serve a growing urban population yearning for a wide range of high quality products at great value prices, and backed up by excellent customer service.”

“We have adopted an approach at our Junction Mall store similar to the one we took earlier this month when we opened our Thika Road store. Short-term, we will open with a selected range of the most popular day-to-day products and eventually increase this to a full range of more than 30,000 items, including a wider selection of fresh produce, and an onsite fresh bakery and butchery, when we start full operations later in 2018,” Mr. Moreau said.

Majid Al Futtaim currently operates over 210 Carrefour stores across 15 markets and continues seeking opportunities to open stores in Kenya and the rest of the greater East African region. The Junction store will boost staff employment count at Carrefour in Kenya to 1100, all within two years of operation in the country, a majority being Kenyan nationals.

Commenting on the economic impact, Mr. Moreau added that each new Carrefour store opened in Kenya will give an opportunity for more than 640 Kenyan suppliers, manufacturers, producers and farmers to sell their products to customers in some of the country’s most desirable locations.