Carrefour has announced that it plans to invest US$100m in Colombia in 2006.
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The investment programme will target the construction of at least five hypermarket outlets and the modernisation of the French group’s supply system in the country.
Carrefour posted a turnover of $523m in the first nine months of the year from its activities in Colombia, a rise of just over 26% on the same period in 2004.
Colombia has become Carrefour’s third biggest market in South America in terms of turnover behind Brazil ($2.94bn) and Argentina ($1.08bn)
Carrefour’s subsidiary company in Colombia is headed by Noel Prioux.
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