Carrefour boosts investment to Rs10.5b

LAHORE: Carrefour has added a further Rs1 billion to its current investment of Rs9.5 billion in Pakistan with the inauguration of a new hypermarket in Gujranwala, a statement said.

With the opening of its 10th store in Pakistan, Carrefour, owned and operated by UAE-based Majid Al Futtaim in Pakistan has expressed its great confidence in the country’s retail sector and underlined its desire to support the growth and prosperity of the communities it is a part of, it added.

The new standalone hypermarket was inaugurated in the presence of Syed Federal Minister for National Food Security and Research Fakhar Imam, Majid Al Futtaim retail chief operating officer Thierry Joulin, Umer Lodhi, and country manager of Carrefour Pakistan.

Imam emphasised on the important role of the retail sector in the local sourcing of fresh produce for the modernisation of the agricultural sector and its benefit for Pakistan’s economy.

He also appreciated Carrefour’s role in creating this direct connection between supermarkets and farms which was effectively catering to the domestic food demand of fresh fruits and vegetables.

“We stand by our commitment of providing support to the local economy through our expansion plans and the opening of this hypermarket in Gujranwala is a reflection of this commitment in action,” Umer Lodhi said.

“It is also a moment of great pride for us as we play our part in the economic revival of the country alongside the government of Pakistan through the achievement of shared objectives, including sustainable community development,” he added.

The guests were also given a tour of the 15,000 square metres premises that will provide the community of Gujranwala with an elevated shopping experience.

Through its offering of over 25,000 products in the categories of consumer goods, fresh foods, electronics, home accessories and others, Carrefour Pakistan will bring convenience to the daily lives of shoppers and provide economic support to 170 households in the city through job creation and local sourcing of products.

Working with more than 700 partners from across Pakistan, Carrefour continues to support and source from local producers. Committed to helping drive Pakistan’s economy forward, Carrefour continues its journey of growth, strengthening partnerships, and providing innovative retail services to shoppers.

In addition to the convenience of in-store shopping for quality products at its ten stores in Pakistan, Carrefour also offers its delivery service through the Carrefour Pakistan app to provide customers with another option for how to shop.

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