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Carrefour, fully owned and operated by UAE-based Majid Al Futtaim in Pakistan, signed a Joint Venture Agreement with the Defence Housing Authority (DHA) Lahore on 26th April 2022 to establish two standalone stores.
The stores will not only expand the local footprint of the retail leader in the country, but also provide economic support to at least 500 households through the creation of direct and indirect jobs.
Carrefour’s PKR 1 billion investment for the establishment of these two new stores brings the total investment to PKR 11 billion the retailer has already made towards the retail industry in Pakistan. Notably, these ventures underscore Carrefour’s dedication to becoming a trusted local partner that creates value for the industry and Pakistani economy.
As a testament to this, Carrefour works with more than 700 suppliers and partners across Pakistan, sourcing 99 percent of its products locally. This most recent investment will bring customers greater access to affordable, high-quality products while also supporting the nation’s supply chain.