Majid Al Futtaim and UzOman form strategic partnership
07/01/2021 21:42
Majid Al Futtaim and UzOman form strategic partnership
07/01/2021 21:42
Tashkent, Uzbekistan (UzDaily.com) -- Majid Al Futtaim – shopping mall, communities, retail and leisure operator across the Middle East, Africa and Asia signed a landmark partnership agreement with UzOman — the largest private equity investment fund in Uzbekistan. Through this long-term partnership, both entities will combine their capabilities and expertise to develop modern retail in the country, creating value for the industry and the Uzbek economy.
Celebrating a dynamic start to the partnership, Majid Al Futtaim is launching two new Carrefour hypermarkets in Tashkent. Set to open in March and April this year, the stores will be located in the largest shopping and entertainment centres belonging to UzOman, Compass and Samarqand Darvoza. The expansion of Carrefour’s presence in the country follows the momentous launch of its first store in December 2020 and is testament to the brand’s pledge to become a trusted partner of choice in the Uzbek community.
“As we begin a new chapter in Carrefour’s history, we look forward to bringing more value to the communities we serve and the whole of Uzbekistan with the quality and choice Carrefour is renowned for. The launch of our hypermarkets in the capital’s largest malls underline our ambitions to respond to the growing demand for modern retail in the country, while also catering to evolving customer needs. This partnership with UzOman enables us to create meaningful employment opportunities while creating great moments for everyone, everyday”, – said Gyu Taeg Kim, Country Manager of Carrefour Uzbekistan at Majid Al Futtaim Retail.
“We are delighted to partner with one of the largest retailers and be part of shaping the future shopping experiences in our country. The strategic partnership with
Majid Al Futtaim demonstrates our company’s philosophy of creating partnerships with investors to develop their businesses while accelerating the development of the economy of Uzbekistan.”, - said Salim Al Ma’mari, Director of Investments at UzOman.
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