Carrefour On Regional Expansion Spree

Majid Al Futtaim (MAF), the Middle East franchise partner for French retail giant Carrefour, has announced plans for a major regional expansion campaign. The group's shopping mall unit has said that it plans to broaden its portfolio to at least 30 shopping malls throughout the Middle East by 2015, up from its current network of seven. Of these new malls, an estimated 20-25% will be located in cities in Saudi Arabia, a market the company considers to have plenty of untapped potential. 'We think there is potential for us to build somewhere around 8-10 malls in Saudi, which is in

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