Careefour keen to set up $75 million hypermarket in Karachi

A multinational company Careefour is keen to set up a hypermarket in Karachi with a cost of $75 million, a high-level meeting was told here on Saturday. Sindh Chief Secretary Fazlur Rehman presided over the meeting held at his office Legenre Bruno, the representative of the Careefour gave a presentation to the meeting on the proposed project.
The meeting was told that this project would provide direct employment to some 500 skilled and semi-skilled workers. The hypermarket would be a trade center, which would provide goods and services to consumers as a self-service store.
The meeting decided that the proposed market might be set up around Malir area. In this regard Chairman Chief Minister's Investment Cell Muslim Abbasi was made a focal person. The EDO revenue would made a line of action for the project.