Majid Al Futtaim acquires the assets of Shoprite Checkers in Uganda

Majid Al Futtaim acquires the assets of Shoprite Checkers in Uganda
Majid Al Futtaim acquires the assets of Shoprite Checkers in Uganda

Majid Al Futtaim, the leading developer and developer of shopping malls, integrated cities, retail and leisure facilities in the Middle East, Africa and Asia, has announced that it has entered into an agreement with Shoprite Checkers Limited to transfer the lease contracts for its six Shoprite stores in Uganda to Majid Al Futtaim. ‘ by the end of this year.

Majid Al Futtaim currently operates two stores in Uganda under the Carrefour brand, and will expand its network in the country to include eight stores, after transferring the lease contracts to Majid Al Futtaim.

Hani Weiss, CEO of Majid Al Futtaim Retail, said: “We welcome the opportunity to offer Carrefour’s unique services, with unparalleled value.

Which follows the highest international standards, to serve more customers in Uganda. At Majid Al Futtaim, we are committed to providing distinctive experiences for the communities we serve over the long term, and this agreement is part of our ongoing investment in East Africa, as we look to enhance our offering in the region and support local talent by providing job opportunities and career development.”

Majid Al Futtaim opened its first Carrefour store in Uganda in December 2019, at Oasis Mall in Kampala, and opened its second store in Nalia in March 2021.

It currently offers 20,000 products in its stores, knowing that 98% of these products are supplied locally. Customers can order products online, through the partnerships it has established with Glovo and Jumia Food.

The six stores are located in Acacia Mall, Village Mall, Victoria Mall, Lugogo Mall, Clock Tower and Arena Mall, and the two parties will work closely, to complete the transfer of assets smoothly, taking care to avoid disrupting operations as much as possible. possible. The agreement also stipulates that the ownership of Lugogo Mall and Clock Tower will be transferred to Majid Al Futtaim, which remains committed to its local supply chain and to the new partners.

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