CARREFOUR TO EXPAND IN MIDDLE EAST
May 1st, 2007
BY PAUL COCHRANE, in BeirutFRENCH supermarket chain Carrefour is to expand its growing presence in the Middle East by opening in Iran and Syria. According to sources such as the Dubai-based Majid Al Futtaim Group, Carrefour's franchise operator in the region, an outlet should open in Tehran in mid-2008, and Syria by 2010. Two possible locations have been given for the Carrefour in Syria. One is at the Eighth Gate, a US$500 million Damascus residential and mall complex currently under construction by Dubai's Emaar. The more likely location will be at a $1 billion ...
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