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The firm was established by Majid Al Futtaim in 1992 [1] and is best known as the owner of the Mall of the Emirates in Dubai and being the franchisee of French hypermarket chain Carrefour in the Middle East, North Africa and Central Asia. In 2023, MAF had AED 34.5 billion in revenues and AED 2.7 billion in net profit.
Operations. Al-Futtaim Group employs over 44,000 people [5] and operates eight divisions comprising automotive, electronics, insurance, services, real estate, retail, industries, and overseas. [6] Sheikh Mohammed bin Rashid Al Maktoum mediated a settlement between Abdulla Al Futtaim and his rival, cousin Majid Al Futtaim, in 2000 which split ...
Mall of the Emirates (Arabic: 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 currently features more than 630 retail outlets, 7900 parking spaces, over 100 restaurants and cafés ...
Majid Al Futtaim has handled the Carrefour operations in the Middle East and North Africa region since 1995, as the company opened the region's first hypermarket at City Centre Deira – it initially was a Continent-branded store before it converted to Carrefour four years later. As of 2020, Majid Al Futtaim operates over 320 Carrefour stores ...
City Centre Deira (Arabic: سيتي سنتر ديرة) is a mall located in Port Saeed, Dubai, United Arab Emirates, and is the original flagship mall in the Majid Al Futtaim Properties portfolio. City Centre Deira opened on 28 November 1995. It is located in the older part of the city on the crossroad between Sharjah, Bur Dubai and the Airport.
Carrefour Group. Website. www.carrefour.fr. Carrefour Market is a French supermarket chain created in 2007, owned by the international retail group Carrefour, and has currently stores in France and several other countries, see below. Carrefour Market stores generally range from 1000 m 2 to 4000 m 2.
In 2019, Watsons reached 7,800 stores and expanded to Vietnam, the 13th operating market of Watsons. [15] In 2020, Al-Futtaim and AS Watson have signed a franchise agreement to open stores of healthcare and beauty chain Watsons in the Gulf. Watsons opened its first flagship store at The Dubai Mall in October 2020. [16]
Doha Festival City is a 600,000 square metres (6,500,000 sq ft) shopping mall based in Qatar, owned by Bawabat Al Shamal Real Estate W.L.L (BASREC), with 240,000 square metres (2,600,000 sq ft) of leasable space, [ 1 ] it is the largest operating mall in Qatar as of 2018 operated by Al Futtaim. [ 1 ] Located north of the capital Doha in Umm ...
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