Expansion Carrefour enters Uzbekistan
Carrefour is about to enter the market in Uzbekistan. Through a partnership with the Majid Al Futtaim Group, the French market leader intends to open its first markets in the Republic of Central Asia next year. Seven stores in the capital Tashkent are about to be launched within the next two years. It includes three supermarkets and one wholesale space in 2020, followed by two more supermarkets and one hypermarket in 2021.
According to Carrefour, the Uzbek market is growing rapidly. In 2023 alone, Tashkent is expected to reach USD 5 billion.
The Majid Al Futtaim Group is an Arab real estate company based in Dubai. Since 1995, it has been Carrefour's franchise partner for 285 hypermarkets and supermarkets in 14 countries, mainly in the Middle East.
This text was originally published in German and machine-translated into English.