Majid Al Futtaim pens deal with Shoprite Checkers Uganda

Majid Al Futtaim pens deal with Shoprite Checkers Uganda

Majid Al Futtaim has concluded an agreement with Shoprite Checkers Uganda Limited to consider the transfer of Shoprite’s six Uganda store leases to the UAE company by the end of 2021. Majid Al Futtaim will expand its footprint in Uganda to eight Carrefour stores following this agreement as it currently operates two stores in the African country, according to a press release. The UAE firm launched its first Carrefour store in Uganda in December 2019, while the second branch was inaugurated in March 2021. About 20,000 products are being provided across its stores, of which 98% are locally sourced. The six stores are located in Acacia Mall, Village Mall, Victoria Mall, Lugogo Mall, Clock Tower, and Arena Mall. Under this agreement, the Lugogo Mall and Clock Tower properties will also transfer to Majid Al Futtaim.