id Al Futtaim, owner and operator of Carrefour in Egypt, announced the opening of the first Carrefour store in the Port Said Governorate, strategically located in the city of Port Fouad at the Helnan resort. The opening of the store serves as part of Majid Al Futtaim’s expansion plan that aims to reach a larger customer base across various governorates in the country. The ceremony witnessed the esteemed presence of Major General Adel Al-Ghadban, the Governor of Port Said, Philippe Peguilhan, Country Manager, Majid Al Futtaim Retail in Egypt, Tamer Al-Hamzawy, Chairman of Al-Hamzawy Holding Group for Real Estate Investment, and Karim Al-Hamzawy, CEO of Al- Hamzawy Holding Group for Real Estate Investment.
The new store spans 1,000 square meters and offers a wide range of food and non-food items, with up to 7,000 products, including beverages, fresh and frozen foods, bakeries, and light household products. The store also provides diversified services, including home delivery and e-payment services, stemming from Majid Al Futtaim’s vision to create “great moments for everyone, everyday”.
Located within the city, near residential and commercial areas, the store aims to better serve the local community and ensure accessibility. Additionally, 95 percent of the colleagues are Port Said residents, which aligns with Majid Al Futtaim’s dedication to supporting the local community.
Major General Adel Al-Ghadban, Governor of Port Said, stated: “We are working towards overcoming any challenges that investors may face, and we welcome this fruitful and successful cooperation between Majid Al Futtaim and Helnan Port Fouad Resort, which represents a significant breakthrough for our residents. It follows the strategy of the retail sector in line with our goals of improving living conditions and enhancing the quality of life for all families.”
The Governor of Port Said added that the area where Carrefour store is located has witnessed significant tourism growth and the establishment of numerous tourism and commercial projects, creating thousands of job opportunities.
He also stated that Port Said welcomes all international entities to establish various projects in the area. The Governor highlighted the development projects taking place in the province, which have made it a driving force for Egypt’s development. He expressed gratitude to President Abdel Fattah el-Sisi for making Port Said one of the key destinations for major national projects.
He added: “Port Said is full of promising investment opportunities across various fields. Therefore, we are eager to support investors who create job opportunities for the people of the governorate and contribute to its economic development.”
Commenting on the new store opening, Philippe Peguilhan, Country Manager, Majid Al Futtaim Retail in Egypt, said: “We are continuously expanding our network to reach our customers in various governorates, and remain dedicated to enhancing our investments as a strategic partner in the retail sector. We are proud to announce the opening of our first store in Port Fouad city in Port Said Governorate, which reflects our commitment to providing a seamless shopping experience for our customers across the country with high-quality products at competitive prices to ensure added convenience and to enhance the customer journey. As part of our dedication towards supporting local employment to boost the economic development of the governorate, we remain dedicated towards providing job opportunities for its valued residents.”
Tamer Al-Hamzawy, Chairman of Al-Hamzawy Holding Group for Real Estate Investment, mentioned, “We extend our gratitude to His Excellency President Abdel Fattah El-Sisi, for his continuous support for the tourism sector, which creates job opportunities for young people through significant economic projects that provide foreign currency for the country and encourage national entrepreneurs while overcoming all obstacles for them. We also extend our immense gratitude and appreciation to Major General, the Governor of Port Said for his continuous support of the Helnan Port Fouad resort, as it is one of the massive tourism and hotel projects aimed at placing Port Said Governorate on the map of hotel investment. Today, we take pride in our collaboration with Majid Al Futtaim to open the first Carrefour store in the governorate. We look forward to further cooperation in the upcoming period.”
Al-Hamzawy also expressed his gratitude and appreciation to the National Bank of Egypt and its leadership for their participation in completing the second phase of the Helnan Port Fouad Resort and Hotel and the bank’s role in supporting tourism projects as one of the pillars of the national economy.
With the opening of the Port Fouad store in Port Said governorate, the total number of Carrefour stores in Egypt now stands at 70, spread across various governorates, and which include hypermarkets and supermarkets. Across these stores, 85% of the products offered are locally sourced.
The second Carrefour store will be opening at the ‘Green Waves’ resort, one of Al-Hamzawy Holding Group’s projects in Port Said Governorate in the upcoming period. The resort includes a residential, medical, and administrative complex and boasts a breathtaking view and a prime location, situated approximately 500 meters from the sea, one kilometer from Damietta Road, and one kilometer from the Cairo and Ismailia Road. It is characterized by an advanced perspective of quality, luxury, and a contemporary vision that offers a life characterized by the highest standards of quality, safety, and beauty.
Helnan resort is one of the projects under Al- Hamzawy Holding. It stands as the first five-star hotel and resort of its kind in the governorate of Port Said. The resort offers all-inclusive facilities and services along the beachfront, featuring 160 hotel rooms in its first phase, in addition to 295 hotel rooms in its second phase. The resort is located on an area of 95,000 square meters, with an investment cost exceeding 550 million Egyptian pounds, managed by Helnan International Hotels.
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Disclaimer: All facts and figures in this release are accurate at the time of issuance.
About Majid Al Futtaim
Founded in 1992, Majid Al Futtaim is a diversified lifestyle conglomerate spanning 16 countries across the Middle East, Africa and Asia. The company employs 46,000 people representing 114 nationalities and welcomes 600 million customers to its shopping malls, communities, retail and entertainment destinations each year.
With owned assets valued at US$18 billion, Majid Al Futtaim has the highest credit rating (BBB) among privately-held corporates in the region. The company is committed to becoming Net Positive in water and carbon by 2040.
About Carrefour
Carrefour was introduced to the region in 1995 by UAE company Majid Al Futtaim. The Company is the franchisee for Carrefour in over 30 markets across the Middle East, Africa and Asia. To meet the growing needs of its diverse customer base and communities, Carrefour offers omnichannel customer experiences tailored to the needs of the modern consumer. Through its innovative physical and digital customer services, Carrefour provides access to an unrivalled choice of quality products, at unbeatable value for the 770,000 customers it serves daily. Committed to supporting local economies, producers and suppliers in the communities it serves, Carrefour resources over 80 per cent of its products from the region.
About Al- Hamzawy Holding Group for Real Estate Investment:
Previously known as Al-Radwan Investment and Construction, and after years of gained experience and proficiency with over 20 successful projects; Hamzawy Holdings is now formulating a new future in the field of real estate investments in Egypt with a new vision that is keeping pace with the latest developments in all of its projects
