02 July 2013
Carrefour’s franchisee for the Middle East, Majid Al Futtaim, has announced plans to invest AED3 billion (US$816.6 million) in expanding a number of its businesses in the market, not just retail.
Investment follows ‘return to growth of the Dubai market’
Majid Al Futtaim said that it would invest in building hotels, expanding two of its shopping centres in Dubai, with AED96 million (US$26.1 ...