By Dr. Waddah Al-Saeed

Dr. Waddah Al-Saeed

The Al-Futtaim family is one of the families that contributed to the development and prosperity of the Gulf region, especially Dubai, which turned into a global center for trade and business, and the family worked in the pearl, timber, and other trades that flourished in the region during the first half of the 20th century.

Majid Al Futtaim Group.

Majid Al Futtaim

Majid Al Futtaim Group is one of the companies contributing to the development of shopping concepts in the region. It was the first to introduce the hypermarket model in the Middle East in 1995, in a joint venture between Majid Al Futtaim Hypermarkets and French retailer Carrefour, the second largest retailer in the world.

Majid Al Futtaim Hypermarkets is one of the first companies to introduce the hypermarket model in the Middle East in 1995.

Between 1995 and 2013, Majid Al Futtaim Hypermarkets opened 101 new stores.

It has firmly established itself as the best shopping mall in the Arab world, especially with the "City Center" brand, which has become synonymous with the group's expansion from Dubai and the UAE towards the world, from City Center Deira in Dubai, to City Center Beirut, Bahrain, Muscat and others

City Center Deira in Dubai, to City Center Beirut, Bahrain, Muscat and others

The company owns and operates 18 shopping centers and 11 hotels in the MENA region and is currently in the process of developing new projects in Lebanon and Egypt.

The company owns and operates 18 shopping centers and 11 hotels in the MENA region.

Mall of the Emirates in Dubai, which opened in 2005, is one of the largest shopping centers in the Middle East.

The Group operates through several companies: "Majid Al Futtaim Retail, Majid Al Futtaim Asset Management, Majid Al Futtaim Properties, Majid Al Futtaim Ventures and others.

Majid Al Futtaim's operations are diversified and include French retailers Carrefour in the region, Magic Planet, iFly, the movie theater chain Vox, and a number of clothing brands such as Juicy Couture and restaurants.

Majid Al Futtaim's operations are diversified and include Carrefour, Magic Planet and iFly, among others.

Al-Futtaim Trading Group

According to the split in the family, Abdulla Al-Futtaim retained the name of the parent company "Al-Futtaim Trading Group".

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The group owns 65 companies, with 20,000 employees, in the UAE, Bahrain, Kuwait, Saudi Arabia, Oman, Qatar, Egypt, Pakistan, Sri Lanka, Singapore, Europe and more.

Festival City, one of the Group's largest investments, is one of Dubai's most prominent commercial centers, located in the heart of an entire neighborhood developed by the Group on the banks of the Dubai Creek, and includes two of the most luxurious hotels in the emirate.

Festival City is one of the Group's largest investments.

Al-Futtaim has a large portfolio of brands such as IKEA, Marks & Spencer, Toys "R" Us and others.

Al-Futtaim has a large portfolio of brands such as IKEA, Marks & Spencer, Toys ”R” Us and others.

In November 2013, the group opened a Festival City branch in Cairo, and like many UAE companies counting on the expected prosperity of the largest Arab country and one of the most dynamic markets in the world, Egypt is at the center of the group's strategy.

Egypt is at the center of the group's strategy.

The Al-Futtaim name has become synonymous with tradition and prosperity, the ability to diversify and pass on wealth and tradition from generation to generation, and the well-established division between the two wings of the family has contributed to innovation and continuity.

The Al-Futtaim name has become synonymous with tradition and prosperity, and the ability to diversify and pass on wealth and tradition from generation to generation.