Exclusive: MAF Retail expects Carrefour expansion to rake in 10% revenue growth - The National:
Majid Al Futtaim Retail, the supermarkets unit of the Dubai conglomerate, is aiming for 10 per cent year-on-year revenue growth in 2018, as it expands its Carrefour regional franchise and weighs acquisition opportunities in Saudi Arabia, its chief executive said.
The company plans to invest between Dh1.5 billion and Dh2bn in expanding Carrefour’s store portfolio by 2021, with Saudi Arabia, Egypt, Pakistan and East Africa the key growth markets outside the UAE, Hani Weiss told The National.
“We continued to see a very robust performance in 2017 and are forecasting even higher, growth this year – far above 10 per cent.”
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