Majid Al Futtaim ( ar, ماجد الفطيم) is an Emirati

holding company A holding company is a company whose primary business is holding a controlling interest in the securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own shares of other companies ...

based in

Dubai Dubai (, ; ar, دبي, translit=Dubayy, , ) is the most populous city in the United Arab Emirates (UAE) and the capital of the Emirate of Dubai, the most populated of the 7 emirates of the United Arab Emirates.The Government and Politics o ...

. As of 2015, it owned and operated

shopping mall A shopping mall (or simply mall) is a North American term for a large indoor shopping center, usually anchored by department stores. The term "mall" originally meant a pedestrian promenade with shops along it (that is, the term was used to refe ...

retail Retail is the sale of goods and services to consumers, in contrast to wholesaling, which is sale to business or institutional customers. A retailer purchases goods in large quantities from manufacturers, directly or through a wholesaler, and t ...

, and leisure establishments in the

Middle East and North Africa MENA, an acronym in the English language, refers to a grouping of countries situated in and around the Middle East and North Africa. It is also known as WANA, SWANA, or NAWA, which alternatively refers to the Middle East as Western Asia (or ...

with operations in 13 countries including

UAE The United Arab Emirates (UAE; ar, اَلْإِمَارَات الْعَرَبِيَة الْمُتَحِدَة ), or simply the Emirates ( ar, الِْإمَارَات ), is a country in Western Asia (The Middle East). It is located at th ...

Lebanon Lebanon ( , ar, لُبْنَان, translit=lubnān, ), officially the Republic of Lebanon () or the Lebanese Republic, is a country in Western Asia. It is located between Syria to the north and east and Israel to the south, while Cyprus li ...

Egypt Egypt ( ar, مصر , ), officially the Arab Republic of Egypt, is a List of transcontinental countries, transcontinental country spanning the North Africa, northeast corner of Africa and Western Asia, southwest corner of Asia via a land bridg ...

Saudi Arabia Saudi Arabia, officially the Kingdom of Saudi Arabia (KSA), is a country in Western Asia. It covers the bulk of the Arabian Peninsula, and has a land area of about , making it the List of Asian countries by area, fifth-largest country in Asia ...

Oman Oman ( ; ar, عُمَان ' ), officially the Sultanate of Oman ( ar, سلْطنةُ عُمان ), is an Arabian country located in southwestern Asia. It is situated on the southeastern coast of the Arabian Peninsula, and spans the mouth of t ...

Bahrain Bahrain ( ; ; ar, البحرين, al-Bahrayn, locally ), officially the Kingdom of Bahrain, ' is an island country in Western Asia. It is situated on the Persian Gulf, and comprises a small archipelago made up of 50 natural islands and an a ...

Kuwait Kuwait (; ar, الكويت ', or ), officially the State of Kuwait ( ar, دولة الكويت '), is a country in Western Asia. It is situated in the northern edge of Eastern Arabia at the tip of the Persian Gulf, bordering Iraq to the nort ...

Qatar Qatar (, ; ar, قطر, Qaṭar ; local vernacular pronunciation: ), officially the State of Qatar,) is a country in Western Asia. It occupies the Qatar Peninsula on the northeastern coast of the Arabian Peninsula in the Middle East; it s ...

Jordan Jordan ( ar, الأردن; tr. ' ), officially the Hashemite Kingdom of Jordan,; tr. ' is a country in Western Asia. It is situated at the crossroads of Asia, Africa, and Europe, within the Levant region, on the East Bank of the Jordan Rive ...

Pakistan Pakistan ( ur, ), officially the Islamic Republic of Pakistan ( ur, , label=none), is a country in South Asia. It is the world's fifth-most populous country, with a population of almost 243 million people, and has the world's second-lar ...

Iraq Iraq,; ku, عێراق, translit=Êraq officially the Republic of Iraq, '; ku, کۆماری عێراق, translit=Komarî Êraq is a country in Western Asia. It is bordered by Turkey to the north, Iran to the east, the Persian Gulf and K ...

Armenia Armenia (), , group=pron officially the Republic of Armenia,, is a landlocked country in the Armenian Highlands of Western Asia.The UNbr>classification of world regions places Armenia in Western Asia; the CIA World Factbook , , and ''Ox ...

Iran Iran, officially the Islamic Republic of Iran, and also called Persia, is a country located in Western Asia. It is bordered by Iraq and Turkey to the west, by Azerbaijan and Armenia to the northwest, by the Caspian Sea and Turkme ...

(through Hyperstar, a Carrefour subsidiary company), and

Georgia Georgia most commonly refers to: * Georgia (country), a country in the Caucasus region of Eurasia * Georgia (U.S. state), a state in the Southeast United States Georgia may also refer to: Places Historical states and entities * Related to the ...

. The group was established by Majid Al Futtaim in 1992 and manages three major operating

subsidiaries A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a sam ...

: Majid Al Futtaim Properties, Majid Al Futtaim Retail, and Majid Al Futtaim Ventures. In 2016, the group has $10.6 billion in revenues and $760 million in profits.

History

In December 2018, group founder, Majid Al Futtaim was conferred the Royal Commendation Order by the Sultan of Oman,

Qaboos bin Said al Said Qaboos bin Said Al Said ( ar, قابوس بن سعيد آل سعيد, ; 18 November 1940 – 10 January 2020) was Sultan of Oman from 23 July 1970 until his death in 2020. A fifteenth-generation descendant of the founder of the House of Al Said ...

. In December 2021, Majid Al Futtaim died in Dubai. In September 2022, the company was listed by

Forbes ''Forbes'' () is an American business magazine owned by Integrated Whale Media Investments and the Forbes family. Published eight times a year, it features articles on finance, industry, investing, and marketing topics. ''Forbes'' also rep ...

in the Middle East's Top 100 Arab Family Businesses, ranking sixth.

Majid Al Futtaim Properties

Majid Al Futtaim Properties develops, owns and manages shopping malls and hotels throughout the MENA region. The hotels business unit focuses on the development and asset management of hotels connected to or close to the company's shopping malls and within its master-planned communities. It owned and operated twelve hotels as of 2015. In 2017, Majid Al Futtaim Properties reported a profit of 2.19 billion dirhams ($596.25 million), down 7% on 2016.

Shopping malls

Mall of the Emirates Mall of the Emirates ( ar, مول الإمارات) is a shopping mall in Dubai. Developed and owned by Majid Al Futtaim Group, it opened in November 2005 and is located at interchange four on Sheikh Zayed Road. The multi-level shopping mall cur ...

: located in

Al Barsha Al Barsha ( ar, البرشاء) is a collection of sub-communities in Dubai, United Arab Emirates (UAE). Al Barsha is one of the newer residential developments, and is located in west Dubai, south of Al Sufouh. Al Barsha is bounded by E 11 (Shei ...

Sheikh Zayed Road E 11 ( ar, شارع ﺇ ١١) is a highway in the United Arab Emirates (UAE). The longest road in the Emirates, it stretches from Al-Silah in the Emirate of Abu Dhabi and ends in Ras al-Khaimah emirate, running roughly parallel to UAE's coastl ...

. Since its opening in 2005, the mall has become a main attraction in Dubai, welcome more than 42 million visitors annually. Mall includes more than 630 international stores. * Mall of Egypt : Opened in March 2017 and based in Sixth of October. The group is planning another shopping mall in

Cairo Cairo ( ; ar, القاهرة, al-Qāhirah, ) is the capital of Egypt and its largest city, home to 10 million people. It is also part of the largest urban agglomeration in Africa, the Arab world and the Middle East: The Greater Cairo metro ...

. *Mall of Oman Located in Bousher on Muscat Expressway in

Muscat Muscat ( ar, مَسْقَط, ) is the capital and most populated city in Oman. It is the seat of the Governorate of Muscat. According to the National Centre for Statistics and Information (NCSI), the total population of Muscat Governorate was ...

*Mall of Saudi : in

Riyadh Riyadh (, ar, الرياض, 'ar-Riyāḍ, lit.: 'The Gardens' Najdi pronunciation: ), formerly known as Hajr al-Yamamah, is the capital and largest city of Saudi Arabia. It is also the capital of the Riyadh Province and the centre of the ...

, set to be completed by 2022. *Various city centre malls, like: * City Centre Bahrain: Opened in 2008 in

Manama Manama ( ar, المنامة ', Bahrani pronunciation: ) is the capital and largest city of Bahrain, with an approximate population of 200,000 people as of 2020. Long an important trading center in the Persian Gulf, Manama is home to a very d ...

(

). * Mirdif City Centre: Opened in 2010, in Dubai. * City Centre Muscat: opened in 2001 in

(

). Located on Sultan Qaboos Road (3 km from

Muscat International Airport Muscat International Airport , formerly Seeb International Airport, is the main international airport in Oman and is located in Seeb, 32 km from the old city and capital Muscat within the Muscat metropolitan area. The airport serves as the ...

Seeb Al-Seeb, As Seeb or As Sib ( ar, السيب) is a coastal fishing city, located several kilometres northwest of Muscat, in northeastern Oman. As of the 2020 census, it had a population of 470,878. Landmarks include the Naseem Garden, the Royal ...

Muscat Governorate Muscat ( ar, محافظة مسقط) is a governorate of the Sultanate of Oman. Its provincial capital is Muscat City, which is the largest city and only metropolis of Oman. Muscat Governorate, commonly referred to as Muscat City, is the seat of ...

Sultanate of Oman Oman ( ; ar, عُمَان ' ), officially the Sultanate of Oman ( ar, سلْطنةُ عُمان ), is an Arabian country located in southwestern Asia. It is situated on the southeastern coast of the Arabian Peninsula, and spans the mouth of t ...

. City Centre Muscat underwent an expansion in 2007 that doubled the size of the mall adding more than 60 new stores and increasing its retail space to 60,484 square meters. In June 2013, the mall announced a second redevelopment to add 48,500 square feet of retail space dedicated to entertainment and leisure. *Sohar City Centre: Scheduled to open in January 2019 in

(

) on Al Batinah main road. Opening : January 2019. The mall is worth $117 million and contains 120 stores, a nine-screen VOX Cinemas, a 7,348 sqm Carrefour and other entertainment facilities. This project is part of the group's plans to reach $1.83 billion in investment by 2020 in Oman. Majid Al Futtaim has previously opened other shopping centers in Oman such as City Centre Muscat and My City Centre Sur.

Communities

MAF aims at creating fully integrated communities which integrate Majid Al Futtaim’s residential, commercial, retail, leisure and entertainment facilities. * Al Mouj Muscat: residential properties with green spaces, pedestrian walkways and inland waterways, retail and dining facilities, a 400-berth marina, and a golf course. * Al Zahia: Mall scheduled for completion in 2020, final completion scheduled in 2023. *Waterfront City Business Park in

Beirut Beirut, french: Beyrouth is the capital and largest city of Lebanon. , Greater Beirut has a population of 2.5 million, which makes it the third-largest city in the Levant region. The city is situated on a peninsula at the midpoint of ...

, Lebanon. Scheduled for final completion in 2027. *Tilal Al Ghaf: Scheduled for completion in 2027.

Majid Al Futtaim Retail

The firm establishes and manages hypermarkets and supermarkets, fashion and specialty retail stores.

Hypermarkets and supermarkets

They partnered with the french Franchise Carrefour in 1995 In June 2017, MAF announced it bought 26 Géant hypermarkets in the UAE, Bahrain and Kuwait. MAF acquired the Géant franchise from BMA International. In February 2018, Egyptians Ministry of Investment and International Cooperation and the National Service Project of the Armed Forces signed a cooperation protocol with Majid Al-Futtaim in the aim to establish 100 Carrefour retail stores in different governorates of Egypt. In December 2018, Majid Al Futtaim announced their plans to rebrand of Hyperstar to

Carrefour Carrefour () is a French multinational retail and wholesaling corporation headquartered in Massy, France. The eighth-largest retailer in the world by revenue, it operates a chain of hypermarkets, groceries stores and convenience stores, which ...

across

. A new Carrefour is expected to open in the Mall of Defence in

Lahore Lahore ( ; pnb, ; ur, ) is the second most populous city in Pakistan after Karachi and 26th most populous city in the world, with a population of over 13 million. It is the capital of the province of Punjab where it is the largest city ...

in early 2019. The company introduced the world's first sail-through supermarket "Bites and More by the Shore", in December 2018. The supermarket operates off the coast of Dubai in order to cater to customers on yachts, boats and jet skis. In January 2019, Majid Al Futtaim Retail signs a contract with Nshama, a UAE-based developer of master-planned communities, to open a new 8,000 sq ft Carrefour Hypermarket in Town Square Dubai. In January 2019, speaking at the annual

World Economic Forum The World Economic Forum (WEF) is an international non-governmental and lobbying organisation based in Cologny, canton of Geneva, Switzerland. It was founded on 24 January 1971 by German engineer and economist Klaus Schwab. The foundation, ...

Davos , neighboring_municipalities= Arosa, Bergün/Bravuogn, Klosters-Serneus, Langwies, S-chanf, Susch , twintowns = } Davos (, ; or ; rm, ; archaic it, Tavate) is an Alpine resort town and a municipality in the Prättigau/Davos R ...

, Alain Bejjani (CEO) announced the group’s intention to introduce a Saudi-only workforce in the Carrefour supermarkets across the country. The same year, MAF launched its Retail Business School, which focuses on programmes for employees running its Carrefour operations. Majid al Futtaim currently operates 90 hypermarkets and 120 supermarkets in 15 countries. In the first half of 2018, Majid Al Futtaim Retail launched its largest regional distribution center in Dubai’s National Industries Park. At an investment of over US$80m, the facility can handle up to 100,000 orders per day. In 2018, Carrefour is a top 10 popular brand in the UAE according to

YouGov YouGov is a British international Internet-based market research and data analytics firm, headquartered in the UK, with operations in Europe, North America, the Middle East and Asia-Pacific. In 2007, it acquired US company Polimetrix, and since ...

. The company has invested heavily in data analysis and digital capabilities as well as relevant companies and start-ups that serve multiples channels. In December 2017, it launched a School of Analytics and Technology, along with A², its Advanced Analytics Centre of Excellence. The same year, its company signed a Memorandum of Understanding (MoU) with Smart Dubai to help improve the emirate’s data analytics capabilities.

Fashion

In 2017, Majid Al Futtaim moved into the Home furnishing market with a franchise deal with homeware brand Maisons du Monde.

Partnerships

* With I.am+: In 2019, MAF became the first retail conglomerate announced as a member of the A.R.C (a coalition of retailers, brands and service providers)/ to provide physical and virtual experiences for multi channel offerings.

Online Shopping

Kenya ) , national_anthem = " Ee Mungu Nguvu Yetu"() , image_map = , map_caption = , image_map2 = , capital = Nairobi , coordinates = , largest_city = Nairobi ...

: In 2018 the group signed a partnership with online retailer

Jumia Jumia is a Pan-African technology company that is built around a marketplace, logistics service and payment service. The logistics service enables the delivery of packages through a network of local partners while the payment services facilitat ...

. *In 2018, the group invested in Wadi, the online delivery portal that operates Wadi Grocery in Saudi Arabia. This is part of a $30 million funding round that will help set up the delivery structure for all Carrefour stores within Saudi-Arabia.

Majid Al Futtaim Ventures

Majid Al Futtaim Ventures is a group of companies that offer amenities such as cinemas, leisure and entertainment, financial services, fashion and healthcare and JVs in

facility management Facility management or facilities management (FM) is a professional management discipline focused on the efficient and effective delivery of logistics and other support services related to real property and buildings. It encompasses multiple dis ...

and food and beverages. Majid Al Futtaim Ventures is a unit of Majid Al Futtaim (MAF) Group.

Leisure & Entertainment

Majid Al Futtaim Leisure and Entertainment operates Ski Dubai, an indoor

ski resort A ski resort is a resort developed for skiing, snowboarding, and other winter sports. In Europe, most ski resorts are towns or villages in or adjacent to a ski area – a mountainous area with pistes (ski trails) and a ski lift system. In North ...

with 22,500 square meters of indoor ski area at the

, as well as 18 ''Magic Planet'' family entertainment centres. In addition, Magic Planet operates a facility within City Centre Mirdif, a temperature controlled indoor and outdoor

water park A water park (or waterpark, water world) is an amusement park that features water play areas such as swimming pools, water slides, splash pads, water playgrounds, and lazy rivers, as well as areas for floating, bathing, swimming, and other bare ...

, and the first

Lego Lego ( , ; stylized as LEGO) is a line of plastic construction toys that are manufactured by The Lego Group, a privately held company based in Billund, Denmark. The company's flagship product, Lego, consists of variously colored interlocking ...

store in the Middle East in

Abu Dhabi Abu Dhabi (, ; ar, أَبُو ظَبْيٍ ' ) is the Capital city, capital and List of cities in the United Arab Emirates, second-most populous city (after Dubai) of the United Arab Emirates. It is also the capital of the Emirate of Abu Dha ...

. * Aquaplay * Ski Dubai: A mountain-themed snow setting at

. * Ski Egypt: Introduced in March 2017, it is Africa's first indoor ski slope, situated at Mall of Egypt, in

. *

Orbi Dubai Orbi Dubai is an interactive visitor attraction in Mirdif City Centre in Dubai, United Arab Emirates. It is the third Orbi attraction in the world and the first to open outside of Japan. History Orbi Dubai officially opened on 7 May 2017 and w ...

: Initially introduced in Yokohama, Japan in 2013 as an experimental visitor attraction, Orbi is an indoor nature experience, fusings

BBC Earth BBC Earth is a brand used by BBC Studios since 2009 to market and distribute the BBC's natural history content to countries other than the United Kingdom. BBC Studios is the commercial arm of the public service broadcaster. BBC Earth commerci ...

’s nature content with

Sega is a Japanese multinational corporation, multinational video game and entertainment company headquartered in Shinagawa, Tokyo. Its international branches, Sega of America and Sega Europe, are headquartered in Irvine, California and London, r ...

’s technology. The first Middle East installation is planned for City Centre Mirdif in the UAE. *Wahoo! Waterpark: Located at City Centre Bahrain with an area of 15,000 square meters, it is the Middle East’s first indoor-outdoor waterpark, including Flowrider, the world’s first full size surfing machine at an indoor park. * iFly Dubai: Indoor skydiving in Dubai. Located at City Centre Mirdif, it allows guests to enjoy the experience of human body flight. * Little Explorers: Located at City Centre Mirdif, provides education and entertainment for children aged two to seven. *Magic Planet: providesrange of simulator, online and arcade games and rides. First opened at City Centre Deira in 1995, Magic Planet has since grown to 32 locations in the Middle East and Africa.

Family and Retail Entertainment

stores: In 2015, the group opened the first LEGO-certified store in the MENA region in Yas Mall, Abu Dhabi. In 2016, a LEGO store opened at Mall 360 and The Avenues Mall in

, the second in the country. *

American Girl American Girl is an American line of dolls released on May 5, 1986, by Pleasant Company. The dolls portray eight- to fourteen-year-old boys and girls of a variety of ethnicities, faiths, and social classes from different time periods throughou ...

: In 2017, the group signed an agreement with American Girl, a division of

Mattel Mattel, Inc. ( ) is an American multinational corporation, multinational toy manufacturing and entertainment company founded in January 1945 and headquartered in El Segundo, California. The company has presence in 35 countries and territories a ...

, and a premium brand for dolls, giving the group exclusive distribution rights in the UAE, Saudi Arabia, Kuwait, Qatar, Bahrain and Oman. The first American Girl store in the UAE opened in November 2017 at City Centre Mirdif.

Cinemas

The firm has 318 cinema screens in various Middle Eastern countries. Its cinemas in the

are considered as the flagship venture with 24 screens – including an IMAX with Laser, VOX 4DX auditorium, a luxury cinema experience called “ThEATre by Rhodes” (collaboration with Michelin Star Chef

Gary Rhodes Gary Rhodes (22 April 1960 – 26 November 2019) was an English restaurateur and television chef, known for his love of English cuisine and ingredients and for his distinctive spiked hair style. He fronted shows such as '' MasterChef'', '' M ...

OBE) and VOX Kids. The 100,000sq ft venue became the largest complex in the Middle East after its re-launch in September 28, 2015. In May 2018, VOX Cinemas opened the first four-screen multiplex in Saudi Arabia, at the company’s new entertainment complex in Riyadh Park, two weeks after the first public cinema screening in Saudi Arabia for 35 years. At the end of 2019, VOX Cinemas, part of the Majid Al Futtaim Entertainment group, expects to open a multi-screen venue at the Wafi Mall in

. In January 2019, VOX cinemas opens its doors in

Jeddah Jeddah ( ), also spelled Jedda, Jiddah or Jidda ( ; ar, , Jidda, ), is a city in the Hejaz region of the Kingdom of Saudi Arabia (KSA) and the country's commercial center. Established in the 6th century BC as a fishing village, Jeddah's promi ...

at the Red Sea Mall. After decades of cinema ban, Cameron Mitchell, CEO of Majid Al Futtaim Cinemas, said that MAF is contributing to the

Saudi Vision 2030 Saudi Vision 2030 ( ar, رؤية السعودية ٢٠٣٠ ''ruʾyah al-suʿūdiyah'') is a strategic framework to reduce Saudi Arabia's dependence on oil, diversify its economy, and develop public service sectors such as health, education, in ...

, and the group announces in January 2019 VOX's rollout of 300 new screens in the Kingdom within 18 months as part of a $4 billion investment plan.

Restaurants and Cafés

In 2013, the group established a joint venture agreement with Gourmet Gulf, a food and beverage retail company. Majid Al Futtaim now co-owns the development and franchise rights to food brands such as

Dalloyau Dalloyau is a Paris-based food company founded in 1682. Dalloyau is a family-owned and independent business. In 1993, Nadine Gavillon-Bernardé became the company's CEO. Since 2001, the company is a member of the " Comité Colbert". Dalloyau ope ...

California Pizza Kitchen California Pizza Kitchen (CPK) is an American casual dining restaurant chain that specializes in California-style pizza. The restaurant was started in 1985 by attorneys Rick Rosenfield and Larry Flax in Beverly Hills, California, United States ...

YO! Sushi YO! Sushi is a company that owns, operates, and franchises conveyor belt sushi restaurants, principally in the United Kingdom, Republic of Ireland, Russia, United Arab Emirates, Saudi Arabia, Bahrain, Kuwait and Australia. History YO! ...

, Texas de Brazil, in more than 20 food and beverage outlets in the region.

Financial Services

In 2018, the group acquired Beam Portal, a Dubai-based mobile payments provider.

Energy

Previously "MAF Dalkia" (a partnership between Majid Al Futtaim Ventures and Dalkia). In 2015, MAF Dalkia Middle East rebranded its identity under the name of ‘Enova’, (a joint venture company between Majid Al Futtaim and

Veolia Veolia Environnement S.A., branded as Veolia, is a French transnational company with activities in three main service and utility areas traditionally managed by public authorities – water management, waste management and energy services. It p ...

References

External links

* {{Majid Al Futtaim Group, state=autocollapse Companies based in Dubai