The FINANCIAL — Majid Al Futtaim Retail – the retail arm of Majid Al Futtaim, the leading shopping mall, communities, retail and leisure pioneer across the Middle East, Africa and Asia, today announced its partnership with MP Development, the real estate arm of Wissol Group in Georgia.
At the end of July 2017, MP Development will launch its next shopping center in the heart of Batumi City, where anchor tenant will be “Carrefour” supermarket. The 2,500 square meters store will offer customers the widest choice of fresh produce and house hold goods with over 15,000 items at competitive prices and will create more than 150 new jobs. In addition to Carrefour, Batumi, the second shopping center for MP Development, will also carry fast food restaurants Wendy’s and Dunkin’ Donuts, a branch of Bank of Georgia, pharmacy shop, toy shop, shoe and clothing shops and other retail shops of different profiles.
Carrefour launched its first supermarket in May 2017 in the MP Development owned shopping center located in Gldani, Tbilisi. Carrefour Georgia will take over two more supermarkets from Wissol Group’s “Smart” during the summer.
Smart will continue to develop itself in its original format as small sized supermarkets, mostly located at petrol and natural gas stations in different cities and at rest areas on highways. Smart small format supermarkets have shown great profitability; hence, it has become one of Wissol Group’s priorities to further develop this business.
Carrefour was first launched in Georgia in 2012, with its first hypermarket in Tbilisi Mall. Today, Carrefour has two hypermarkets and six supermarkets in Tbilisi, with over 1500 employees. As a result of its successful partnership with Wissol Group, Carrefour will soon open its first supermarket in Batumi and two additional supermarkets in Tbilisi. This step will initiate new opportunities and will help create new jobs to support the economy in Georgia. In line with Majid Al Futaim’s vision to create great moments for everyone everyday, Carrefour offers an exceptional shopping experience, providing the widest range of quality products at competitive prices and distinguished customer service.
“It is highly valuable for us to have such a close partnership with Carrefour that is economically interesting for both parties. This partnership will bring solid investments, modern infrastructure and more jobs. Only Batumi shopping center will create over 250 additional jobs,” said Soso Pkhakadze, President of Wissol Group.
“We are delighted with this successful partnership established between Carrefour and Wissol Group in Georgia. It is our intention to develop several interesting projects together with Wissol Group. This partnership will pave the way for further expansion of Carrefour stores in Georgia, as well as further investments and more job opportunities,” said Philippe Peguilhan, Country Manager of Carrefour in Georgia.
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