SFO launches the development of a 17,000sqm shopping center in Abidjan, Ivory Coast

SFO launches the development of the first institutional-grade shopping center in Abidjan. Anchored by French retailer Carrefour, the project will cover a total area of 17,000sqm and will feature a selection of international and local retailers, as well as a number of entertainment amenities including cinema theaters.

The project is located in the most dense municipality in Abidjan, and is expected to attract more than 4 million visitors per year whilst providing a superior retail experience to its community.

Commenting on the transaction, Mohamad Abouchalbak, CEO of SFO, said: “Ivory Coast has successfully managed to overcome its challenges and establish itself as one of the fastest growing economies in Africa on the back of a rising middle class, a stable currency and a business-friendly environment. This represents significant opportunities and growth potential for the retail sector which remains relatively untapped.”