Majid al Futtaim group Dubai, UAE
Majid Al Futtaim Group is an Emirates holding company that owns shopping malls, retail stores and entertainment venues in the Middle East and North Africa region. The company’s headquarters which is located in the city of Dubai country of the United Arab Emirates, was founded in 1992 Emirati entrepreneur Majid Al Futtaim. Majid Al Futtaim Group manages three operating companies: Majid Al Futtaim Real Estate, Majid Al Futtaim Retail, and Majid Al Futtaim Ventures. Since 2015, the company has an international presence in 13 countries: United Arab Emirates, Lebanon, Egypt, Saudi Arabia, Oman., Bahrain, Kuwait, Qatar, Jordan, Pakistan, Iraq, Armenia and Georgia.
In 2016, the group generated $ 8 billion in revenue and $ 760 million in profits.
History of origin
The first signs of the company emerged when Majid Al Futtaim opened the first shopping center in the UAE in 1995 starting to have global importance as the company sought to transfer its founder’s concepts and ideas to Middle Eastern and North African countries. The integrated specialized group of companies is managed separately, which leads to high flexibility and open business horizons, allowing independence on the one hand and cooperation on the other.
In December 2018, the group’s founder, Majid Al Futtaim, was awarded an Order of the Sultanate by the Sultan of Oman, Qaboos bin Said bin Taimur Al Said.
Three companies owned by Majid Al Futtaim:
Majid Al Futtaim Ventures
Majid Al Futtaim Ventures develops jointly owned projects through alliances with leading international companies or wholly owned projects. These projects are:
- Australian Greater Union: One of the largest international companies specializing in cinema management.
- Dalkia International: a leading utility and facilities management company and workplace energy management.
- Aurex Corporation: This is a large leasing company in Japan and a leading provider of financial services.
- JCB: This is a credit card issuer that only operates in the Middle East and North Africa.
Fully Owned Company:
- Majid Al Futtaim Fashion: A company that provides various international fashion brands in the Southeast Asia region.
- Majid Al Futtaim Leisure and Entertainment with Magic Planet: This is a company that specializes in entertainment and leisure products and services. Dubai Ski is the Middle East’s first indoor winter ski resort.
Majid Al Futtaim Retail
Majid Al Futtaim is one of the companies that has contributed to the development of the shopping concept in the region, as it was the first to introduce the hypermarket model in the Middle East in 1995.
Majid Al Futtaim property
The company focuses on developing real estate projects such as shopping centers, hotels and multi-purpose complexes in various countries in the Middle East and North Africa region. This company annually receives more than 80 million clients in various projects.
Majid Al Futtaim Ventures’ total revenue increased 13% in the first half of 2018 to reach AED 1.1 billion (1.5 billion dirham after adding joint ventures and partners).
Majid Al Futtaim operates the “VOX Cinemas” brand through 39 cinemas with 382 screens in the region, including 24 theaters in the United Arab Emirates, 11 in Oman, 2 in Egypt, and 2 in Bahrain, and one cinema each in Lebanon, Qatar. , Saudi Arabia and Kuwait. In May 2018, Majid Al Futtaim opened a cinema in the Kingdom of Saudi Arabia with four screens, in the company’s entertainment complex in “Riyadh Park Mall”
Ski Dubai (UK: Ski Dubai)
“Ski Dubai” is a ski resort and slope on the Mall of the Emirates in Dubai surrounded by a cluster of villas and restaurants. The resort includes activities centered around snow, skiing, snowboarding, watching and swimming with penguins, in sub-zero temperatures. This destination, which occupies an area of 22,500 square meters covered in pristine snow, attracts snow sports enthusiasts, hobbyists and professionals, residents or tourists.
Ski Egypt is Africa’s first indoor ski resort, covering an area of approximately 7,700 square meters, in the newly opened Mall of Egypt around Cairo.
The temperature at Ski Egypt is -2 degrees Celsius, as it offers activities that target all ages and all skill levels. Egyptian skiing also includes ten penguins, who are the only penguins in Egypt, and they are of the “Gento” and “Chinstrap” types, the largest penguin breed in the world.
CONTINENTAL Dubai (English: Dubai, Orbi)
Orbi was originally developed in 2013 in Yokohama, Japan, as an experimental destination that attracts visitors, and is described as an immersive nature experience, a first of its kind in the Middle East.
“Orbi Dubai” combines technology “Sega” (in English: Sega, a global video game company) and “BBC Earth” content for natural history (in English: BBC Earth, a socialist television documentary channel), and accompanies visitors to the natural environment through a story. Interactive sensor for planet Earth. Orbi Dubai has its own standard theater, a 35-meter-wide screen with innovative audiovisual technology, and interactive communication points.
Wowooo! Water park (English: Wahooo! Waterpark)
With its location in the “City Center”, Bahrain and covering an area of 15,000 square meters, “Wahooo! Waterpark” is the first water park that involves both indoor and outdoor activities in the Middle East. Offers a variety of water slides including the “Flow Rider”, which is the first indoor surf area of a natural size.
IFly Dubai (in English: iFly Dubai)
It is the first indoor free-jump center in the region, and is located in Mirdif City Center, where iFly Dubai offers visitors the opportunity to fly for free. “IFly Dubai” is the first center in the world to have dual horizontal air tunnels, which allow participants to fly through the air and reach heights of up to 3 meters above ground level.
The Little Explorers Center, located in Mirdif City Center, provides a mix of education and entertainment for children ages 2 to 7. The “Little Explorer” center occupies an area of 2,000 square meters and is divided into 5 sections which aim to enable children to build their personalities, enhance their thinking, practice new things, carry out personal experiences, and stimulate their love of knowledge. A “Little Explorers” center will also open in “Riyadh Park Mall” as the first branch in the Kingdom of Saudi Arabia.
Family entertainment center
“Magic Planet” was launched as a signature brand with the opening of the first “Majid Al Futtaim” mall at “City Center Deira” in 1995, and is now spread across 32 locations in nine countries in the Middle East and Africa.
In June 2018, Majid Al Futtaim announced the opening of the “Magic Planet” in “Riyadh Park”, where the site will be the center of the largest “Magic Planet”. The mall occupies an area of 10,000 square meters, and visitors can enjoy new games including “The Twist”, “Swing”, and “Magic Tree”, for the little ones. The game is exclusive to Magic Planet in Riyadh and the first of its kind in the region.
Visitors can also use other Magic Planet games including G-force, small car driving, and Go-karts. Thrill-seekers include the Crystal Mine Train, Gravity, and the Magic Planet indoor trampoline, while younger visitors can explore the children’s playground and gentle playground.
Magic Planet Riyadh also hosted the first “VOX Cinemas”, which is a four-screen cinema building, the first in the Kingdom of Saudi Arabia.
Specialty retail shop
In 2017, Majid Al Futtaim signed an exclusive agreement with American Girl, a division of Mattel, and a popular doll brand.
The first American Girl shop in the United Arab Emirates which was inaugurated in 2017 has a lot of experience in it, such as a popular doll hair salon, in-house restaurant, in addition to the latest products on offer.
LEGO Shop (UK: LEGO)
Signed “Majid Al Futtaim” with a “LEGO Group” partnership agreement in 2014, to open its first “Lego” licensed stores in Dubai and Abu Dhabi. This first store opened in 2015 in “Yas Mall”, Abu Dhabi, followed by three stores in Dubai, which are located at “Mall of the Emirates”, “City Center Mirdif”, “The Dubai Mall”, then two stores in Kuwait, on “Avenue”. Mall and 360 Mall.
Majid Al Futtaim mode
Majid Al Futtaim provides a group of international brands in the fashion and retail sector through more than 100 stores throughout the Middle East region, having acquired exclusive rights in the region to high-end names such as Abercrombie & Fitch, and “Hollister” (Hollister), and “Saints” (All Saints Trade Show,), “Olollymon Athletica” Lululemon Athletica), “Monson Oksysoraaz” (Monsoon Accessorize), and “Sackor Badhirrz” (Sacoor Brothers). In 2017 Majid Al Futtaim Fashion expanded the home furnishings sector through a franchise partnership with Crate & Barrel. Maisons du Monde (
Restaurant and cafe
In 2013, Majid Al Futtaim signed a ten-year partnership agreement with Gourmet Gulf LLC, a leading food and beverage company in the Middle East.
Through this agreement, Majid Al Futtaim becomes a partner in the exclusive rights to develop big names in the restaurant world such as “California Pizza Kitchen”, “YO! Sushi”, “Morelli Gelato Hemingbird Bakery” (The Hummingbird Bakery KSA), “Panda Express “,” Texas de Brazil “, through more than 20 food and beverage restaurants in the Arabian Gulf countries.
“Majid Al Futtaim Finance” was founded in 2008 and its services cover consumer finance products, including “Visa” star credit cards, and a portfolio of prepaid cards. Majid Al Futtaim Finance also manages a wide range of financial services from card issuance, to payment processing management technology, card issuance and technology, and a customer service center equipped to provide round-the-clock support and assistance.
Energy and utility management
In the field of energy and utility management, Majid Al Futtaim has established a partnership with Veolia, an international leader in resource management optimization. Veolia specializes in designing solutions to manage water, waste and energy, which in turn contribute to the development of sustainable energy in society and industry.
The new partnership called “Innova” was established beyond just a facility management company, through its role as a corporate supporter in developing energy management solutions, ensuring energy savings for companies in the Middle East.
Majid Al Futtaim Retail has exclusive franchise rights to operate Carrefour in 38 markets in the Middle East, Africa and Asia, and operates a portfolio of more than 240 stores in 15 countries. Majid Al Futtaim brought French retail giant Carrefour to the region in 1995 at Majid Al Futtaim’s first mall, City Center Deira.
Carrefour currently employs more than 36,000 employees across its branches in the United Arab Emirates, Saudi Arabia, Bahrain, Kuwait, Oman, Qatar, Jordan, Iraq, Lebanon, Egypt and Kenya. Armenia, Georgia and Kazakhstan.
In the first half of 2018, Majid Al Futtaim Retail launched its largest regional distribution center at the National Industries Park in Dubai with an investment of over $ 80 million, and the facility can process up to 100,000 orders per day to fulfill an average of 700,000 daily transactions across operations. region.
In the first half of 2018, Majid Al Futtaim Retail announced a 15% revenue growth compared to the previous year reaching AED 14.6 billion, while EBITDA increased 11% to AED 600 million.
Majid Al Futtaim Real Estate currently owns and operates 23 shopping centers, 13 hotels and three integrated city projects, in addition to many projects under construction. These include the Majid Al Futtaim mall, Mall of the Emirates, City Center and My Town Center, in addition to the four malls that the Sharjah government cooperates with.
The Majid Al Futtaim mall portfolio includes 23 malls in the United Arab Emirates, Egypt, Lebanon, Bahrain and the Sultanate of Oman, with a total retail area of more than 1.3 million square meters with over 178 million visitors annually.
Its starting point was in 1995 with City Center Deira, which was the region’s first integrated shopping center and a modern retail concept that included a hypermarket, Carrefour, and the first family entertainment center, Magic Planet. Planet).
Meanwhile, Mall of the Emirates is a shopping destination that launched Ski Dubai, the largest indoor ski slope, in the Middle East and North Africa.
Mall of the Emirates
Mall of the Emirates is located in the Al Barsha area on Sheikh Zayed Road in Dubai. After opening in 2005, Mall of the Emirates is the first luxury shopping destination in the region. Since then, it has become a major attraction in Dubai, receiving over 42 million visitors every year.
The center also has direct access to the Dubai Metro, and its family entertainment offerings include “Ski Dubai” – the Middle East’s first indoor ski resort and snow park, and the Middle East’s largest cinema “VOX Cinemas” via a 24-screen entertainment complex and a center. Magic Planet. “The center also has direct access to two five-star hotels,” Kempinski Mall of the Emirates “and” Sheraton Dubai Mall of the Emirates “.
“Mall of Egypt” is a 165,000 square meter shopping center owned and managed by Majid Al Futtaim. The mall has 6,500 parking spaces, and has direct access to Jalan Al Wahat.
Convenience offers special Egyptian pmol family: “Ski Egypt” (the Ski: Egypt), Africa’s first indoor ski slope, and Dar “ڤ Cow Cinema” (VOX Cinema), which includes the 21 – screen cinema, and the “Magic Center” Planet “(the Wonder of the Planet)
For family entertainment.
City Scent R is one of the Majid Al Futtaim Group brands and is a versatile destination, with retail shops, restaurants and recreational facilities that meet the needs of tourists, residents and professionals.
Currently, the brand includes seven City Center centers in the UAE, and six others across the Middle East region.
In 2014, Majid Al Futtaim announced the launch of the My City Center brand, a concept retail store specially designed for the thriving residential community in the Middle East. These malls aim to provide convenient and accessible shopping destinations and services to meet the urgent needs of their residents.
“Matajer” is a residential retail center founded by Sharjah Holding Company (UEA), a joint venture between Majid Al Futtaim Real Estate and the Sharjah Government, dedicated to high-quality small-scale retail trade to further facilitate access to daily services. In a residential neighborhood of Sharjah. The largest of these centers is “Matajer Al Guoz”, which opened in October 2011, followed by “Al Juraina Shop”, “Al Khan Shop” and “Al Mirqab Shop” in 2012 in the residential and academic area of Sharjah. All Matajer locations are based on the retail standards of the Majid Al Futtaim Retailing Carrefour brand.
The integrated retail, leisure and leisure business model is the foundation of the Majid Al Futtaim hotel and asset management strategy in the MENA region. This means developing hotels linked to or adjacent to Group malls with the aim of providing a blend of hospitality, shopping and entertainment experiences.
Majid Al Futtaim’s business model is to own and develop its hotels, with management outsourced through management outsourcing to leading global companies such as Marriott International, Hilton Worldwide, and Accor Hotels. And Kempinski.
Majid Al Futtaim has a portfolio of 13 hotels in the UAE and Bahrain. Its UAE hotels include: “Kempinski Hotel Mall of the Emirates”, “Sheraton Dubai – Mall of the Emirates” (Sheraton Mall of the Emirates Hotel, Dubai) and Pullman Dubai Creek City Center), “Pullman Dubai Creek City Center” , “Novotel Dubai Deira City Center Hotel”, “Novotel Suites Dubai Mall of the Emirates” (Novotel Suites Mall of the Emirates), ibis Deira City Center Hotel, ibis Mall of the Emirates Hotel, ibis Dubai Al Rigga Hotel, Hilton Garden Inn Dubai, Mall of the Emirates “(Hilton Garden Inn Dubai Mall Of The Emirates), and Aloft City Center Deira, Dubai. Apart from the two hotels in Bahrain, they are: The Westin City Center Bahrain, and Le Méridien City Center Bahrain.
The Integrated City Projects Business Unit creates, develops and manages real estate destinations that combine Majid Al Futtaim’s expertise in real estate development, commerce, retail and entertainment. Majid Al Futtaim currently has three complexes in Sharjah (Al Zahia), Oman (Al Mouj Muscat), Lebanon (Waterfront City), and two are under construction, namely Tilal Al Ghaf in the UAE and Madinat Al Irfan in the Sultanate of Oman.
Tilal Al Ghaf
The complex is considered to be the first residential real estate project brought by Majid Al Futtaim Group to this sector in Dubai. The project will be built in phases, slated for completion in 2027, and will include more than 6,500 independent residences, ranging from apartments, townhouses and one-story houses, to the largest luxury villas.
The “Al Zahia” complex is located in the new city of Sharjah, covers an area of more than 1,000,000 square meters and includes a variety of upscale villas, townhouses and apartments. “Al Zahia” is a strategic partnership between “Majid Al Futtaim Real Estate” and “Sharjah Asset Management”, represented by Sharjah Holding Company, which owns the project.
Al Mouj Muscat
The “Wave Muscat” project is a leading integrated tourism complex in the Sultanate of Oman (ITC), which is a collection of luxury residential properties interspersed with green spaces, walking paths, internal waterways, shopping and dining facilities, a marina that can accommodate 400 boats, and the only 18-hole golf course in Oman. which is worn on the signature of (the PGA) designed by “Greg Norman” (Greg Norman’s).
The Waterfront City waterfront project is located in Joseph Khoury’s La Marina, which has a capacity of 700 boats in the Greater Beirut area. This project is a joint venture between Majid Al Futtaim Real Estate and Joseph Khoury and His Son Holding.
City of gratitude
In 2018, the Oman Tourism Development Group “Omran” and “Majid Al Futtaim” signed a strategic partnership aimed at developing the western part of “Madinat Al Irfan” at a cost of 5 billion Omani riyals. This project will be the center of the new city in the capital, “Muscat”.
Job opportunities at Majid al Futtaim group careers
Business Support and Operations | Facilities Management and Real Estate |Graduate and Internship Programmers |Procurement and Logistics | Project Management and Engineering | Facilities Management and Real Estate | Job opportunities at Majid al Futtaim group careers
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