Dubai’s Majid Al Futtaim Says To Wait For Stability In Egypt, Syria Before Investing
A senior company official of Dubai’s Majid Al Futtaim Holding, the sole franchisee of hypermarket chain Carrefour in the Middle East, said it will not pursue investments in Egypt and Syria until stability returns to the two countries. MAF, also the only Carrefour franchisee in North Africa and Central Asia, had been in advanced talks to buy Egypt’s largest supermarket chain Metro from the family-owned Mansour Group.
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