About Majid Al Futtaim
Majid Al Futtaim Properties
Majid Al Futtaim Properties is the leading developer and operator of shopping malls, hotels and mixed-use community projects across the Middle East and North Africa. An ambitious growth and marketing strategy has enabled the company to develop and manage the best retail and leisure centres that dominate their respective trade areas across the region.
Majid Al Futtaim Properties has ten operating centres totaling over 750,000 square metres of GLA including 5 centres in UAE, 2 in Egypt, 2 in Oman and 1 in Bahrain. By 2015, the company plans to double its portfolio GLA to over 2.2 million square metres with 14 new projects planned in the UAE, Oman, Egypt, Lebanon, Syria, Qatar, Kingdom of Saudi Arabia and Yemen.
Welcoming over 120 million customers a year, the shopping centres under the Majid Al Futtaim Properties portfolio have revolutionised the retail industry over the past 17 years with breakthrough developments such as Ski Dubai (the first indoor Ski Resort in the Middle East), Mall of the Emirates (the first shopping resort in the Middle East) and the popular City Centre franchise that has been exported across the region.
Majid Al Futtaim Group
Majid Al Futtaim, the Founder and President of Majid Al Futtaim Group of Companies (MAF Holding and its subsidiaries), has successfully brought the concepts of regional shopping malls and hypermarkets to the region. With his pioneering vision, Majid Al Futtaim has changed the face of shopping, entertainment and leisure in the Middle East and North Africa (MENA).
Majid Al Futtaim opened his first shopping mall in 1995 and has since created a business of international significance in the MENA region. Over the past decade, his Group has taken groundbreaking concepts to other major cities in the United Arab Emirates. It is currently active in a number of markets throughout the Middle East and North Africa; including Oman, Bahrain and Egypt.
The Majid Al Futtaim Group consists of a number of core businesses that complement each other, yet are separately managed. This provides maximum flexibility and potential, enabling the operating divisions to seize their own opportunities, as well as work effectively together on major projects.