Majid Al Futtaim was founded in 1992 and it opened its first shopping mall in Dubai in 1995. Today, the Majid Al Futtaim Group has become the leading retail and leisure pioneer in the MENA and Central Asia. Built around the City Centre and Carrefour brands, and famous for the Mall of the Emirates and Ski Dubai, Majid Al Futtaim develops and manages shopping malls and hypermarkets throughout the region, managing also a range of complementary businesses to the malls and hypermarkets.
It owns and operates 17 shopping malls with over one million square meters of GLA (Gross Leasable area), 56 hypermarkets and 53 supermarkets, 11 hotels, 9 cinema locations with 92 screens, 16 Magic Planet sites and 45 fashion stores. With related interests in mixed-use communities and consumer finance, the group now employs over 26,000 people made up of over 70 nationalities.
The business spans the area best described as the MENA and CIS region with encompasses 12 operating countries – Bahrain, Egypt, Lebanon, Georgia, Jordan, Kuwait, Iraq, Pakistan, Oman, Qatar, Saudi Arabia and the UAE. Over 250 million people experience Majid Al Futtaim each year.
The three pillars of its business are Majid Al Futtaim Properties, Majid Al Futtaim Retail, and Majid Al Futtaim Ventures. Each has a distinct role to play in delivering the business success.