07 January 2021

Majid Al Futtaim and UzOman Form Strategic Partnership

Majid Al Futtaim and UzOman Form Strategic Partnership to Pioneer Modern Retail

Collaboration will see the launch of Carrefour hypermarkets in the largest shopping and entertainment centers in Uzbekistan: Samarqand Darvoza and Compass

Tashkent, Uzbekistan, January 7, 2021 - Majid Al Futtaim – shopping mall, communities, retail and leisure operator across the Middle East, Africa and Asia signed a landmark partnership agreement with UzOman — the largest private equity investment fund in Uzbekistan. Through this long-term partnership, both entities will combine their capabilities and expertise to develop modern retail in the country, creating value for the industry and the Uzbek economy.

Celebrating a dynamic start to the partnership, Majid Al Futtaim is launching two new Carrefour hypermarkets in Tashkent. Set to open in March and April this year, the stores will be located in the largest shopping and entertainment centres belonging to UzOman, Compass and Samarqand Darvoza. The expansion of Carrefour’s presence in the country follows the momentous launch of its first store in December 2020 and is testament to the brand’s pledge to become a trusted partner of choice in the Uzbek community.

“As we begin a new chapter in Carrefour’s history, we look forward to bringing more value to the communities we serve and the whole of Uzbekistan with the quality and choice Carrefour is renowned for. The launch of our hypermarkets in the capital’s largest malls underline our ambitions to respond to the growing demand for modern retail in the country, while also catering to evolving customer needs. This partnership with UzOman enables us to create meaningful employment opportunities while creating great moments for everyone, everyday”, – said Gyu Taeg Kim, Country Manager of Carrefour Uzbekistan at Majid Al Futtaim Retail.

“We are delighted to partner with one of the largest retailers and be part of shaping the future shopping experiences in our country. The strategic partnership with
Majid Al Futtaim demonstrates our company’s philosophy of creating partnerships with investors to develop their businesses while accelerating the development of the economy of Uzbekistan.”, - said Salim Al Ma’mari, Director of Investments at UzOman.

Media Contact:

Dilfuza Ruzmetova– Communications Manager

E: druzmetova@mafcarrefour.com

M. +998 901321416

-ENDS-

About Carrefour

Carrefour was launched in the region in 1995 by UAE-based Majid Al Futtaim, which is the exclusive franchisee to operate Carrefour in over 30 countries across the Middle East, Africa, and Asia, and fully owns the operations in the region. Today, Majid Al Futtaim operates over 320 Carrefour stores in 16 countries, serving more than 750,000 customers daily and employing over 37,000 colleagues.

Carrefour operates different store formats, as well as multiple online offerings to meet the growing needs of its diversified customer base. In line with the brand’s commitment to provide the widest range of quality products and value for money, Carrefour offers an unrivalled choice of more than 500,000 food and non-food products, and a locally inspired exemplary customer experience to create great moments for everyone every day. Across Carrefour’s stores, Majid Al Futtaim sources over 80% of the products offered from the region, making it a key enabler in supporting local producers, suppliers, families and economies.

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About Majid Al Futtaim

Founded in 1992, Majid Al Futtaim is the leading shopping mall, communities, retail and leisure pioneer across the Middle East, Africa and Asia.

A remarkable business success story, Majid Al Futtaim started from one man’s vision to transform the face of shopping, entertainment and leisure to ‘create great moments for everyone, every day’. It has since grown into one of the United Arab Emirates’ most respected and successful businesses spanning 16 international markets, employing more than 43,000 people, and obtaining the highest credit rating (BBB) among privately-held corporates in the region.

Majid Al Futtaim owns and operates 27 shopping malls, 13 hotels and four mixed-use communities, with further developments underway in the region. The shopping malls portfolio includes Mall of the Emirates, Mall of Egypt, City Centre malls, My City Centre neighbourhood centres, and five community malls which are in joint venture with the Government of Sharjah. The Company is the exclusive franchisee for Carrefour in a number of markets across the Middle East, Africa and Asia, operating a portfolio of more than 300 outlets and an online store.

Majid Al Futtaim operates more than 500 VOX Cinemas screens and 34 Magic Planet family entertainment centres across the region, in addition to iconic leisure and entertainment facilities such as Ski Dubai, iFly Dubai, Dreamscape and Ski Egypt, among others. The Company is parent to the consumer finance company 'Najm', and a Fashion, Home and Specialty retail business representing international brands such as Abercrombie & Fitch, Hollister, AllSaints, lululemon athletica, Crate & Barrel, Maisons du Monde and

LEGO. In addition, Majid Al Futtaim operates Enova, a facility and energy management company, through a joint venture operation with Veolia, a global leader in optimised environment resource management.

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