Carrefour: to set up in Uzbekistan in 2020
(CercleFinance.com) - French retailer Carrefour is setting up in Uzbekistan in 2020 through its Partnership with the Majid Al Futtaim Group.
This deal marks the group's entry into the Central Asian market.
Carrefour plans to open seven stores in Tashkent over the next two years: three supermarkets and a hypermarket in 2020, followed by two other supermarkets and a hypermarket in 2021.
Carrefour's arrival in Uzbekistan will create 2,500 direct and indirect jobs and will generate business for more than 600 local suppliers, producers and farmers. The food market in Uzbekistan is growing and is expected to reach 5 billion dollars in Tashkent by 2023, Cerrefour said.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
This deal marks the group's entry into the Central Asian market.
Carrefour plans to open seven stores in Tashkent over the next two years: three supermarkets and a hypermarket in 2020, followed by two other supermarkets and a hypermarket in 2021.
Carrefour's arrival in Uzbekistan will create 2,500 direct and indirect jobs and will generate business for more than 600 local suppliers, producers and farmers. The food market in Uzbekistan is growing and is expected to reach 5 billion dollars in Tashkent by 2023, Cerrefour said.
Copyright (c) 2019 CercleFinance.com. All rights reserved.