Majid Al Futtaim, the Dubai-based shopping mall developer, has announced the opening of its first Carrefour hypermarket in Nairobi, Kenya.
The retail company said the French retail franchisees’ entry into the Kenyan market marks a significant milestone in its expansion plans into the African continent.
The new hypermarket is located in the newly opened Hub Shopping Mall in the Karen suburb and offers more than 30,000 items.
Franck Moreau, country manager, at Majid Al Futtaim – Retail Kenya said: “We have so far recruited just over 200 staff members at the Hub hypermarket and by the end of 2016 Carrefour Kenya will have a solid staff base of 500.”
He added that the hypermarket is already working with more than 480 suppliers, local manufacturers, producers, and farmers across Kenya.
Majid Al Futtaim said in March that its net profit from continuing operations increased by 29 percent to AED3.3 billion ($898.4 million) during 2015.
The retail firm said that overall group revenue rose by 8 percent year-on-year to AED27.3 billion for full year 2015.For all the latest retail news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
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