Cleopatra Group and Carrefour Sign Landmark Deal for New Retail Hub in Egypt

Cleopatra Group has announced a major partnership with Majid Al Futtaim, the exclusive operator of Carrefour in Egypt, to launch a flagship Carrefour hypermarket inside Cleopatra Mall in Sheikh Zayed. This marks a milestone in Egypt’s retail landscape and the largest commercial development in the 6th of October area.

The signing ceremony was attended by Yousry Fahim, CEO of Cleopatra Group, and Mohamed Khafaga, CEO of Retail Operations at Majid Al Futtaim Egypt.

Yousry Fahim emphasized that this partnership is a strategic step toward making Cleopatra Mall a premier destination for shopping, entertainment, and business in one of Cairo’s fastest-growing districts. Designed as a cutting-edge commercial hub, Cleopatra Mall is expected to attract over 30 million visitors annually, setting a new standard in retail and urban planning.

Fahim highlighted that Carrefour is the ideal partner due to its strong market presence and commitment to offering high-quality products at competitive prices. The new Carrefour hypermarket, spanning 5,500 square meters, will introduce a world-class shopping experience, catering to the diverse needs of local residents and the surrounding communities.

"We are entering a new phase in Egypt’s commercial and real estate investment sector. Cleopatra Mall will be a transformative addition, further solidifying Egypt’s status as a regional leader in trade, tourism, and entertainment," Fahim stated.

Strategically positioned along the 26th of July Corridor, Cleopatra Mall enjoys proximity to modern residential communities, Sphinx International Airport, and the Grand Egyptian Museum. Covering an expansive 34 acres, the project features 312,000 square meters of built-up space, with a state-of-the-art parking facility accommodating over 3,500 vehicles. The mall is designed to provide an all-encompassing retail and leisure experience.

Mohamed Khafaga, CEO of Retail Operations at Majid Al Futtaim Egypt, expressed enthusiasm about the partnership, saying, "This collaboration strengthens our footprint in the Egyptian market. We are committed to delivering a comprehensive retail experience, from fresh groceries and premium meats to electronics and home essentials, ensuring the highest standards of quality and service."

Khafaga further noted that Cleopatra Mall is more than just a shopping destination; it is a groundbreaking multi-purpose development incorporating retail, corporate, and entertainment spaces. Designed in collaboration with leading global architects, the project has already received multiple international accolades for its innovative design.

Cleopatra Mall has also announced the opening of leasing opportunities for businesses and global retail brands, with plans to introduce a wide range of services, including banking facilities, telecommunications providers, flagship retail stores, and family entertainment centers.

With this landmark partnership, Cleopatra Mall and Carrefour are set to redefine Egypt’s retail experience, offering a next-generation shopping destination that blends luxury, convenience, and innovation.