ArabianBusiness.com - Middle East Business News
Thursday, 26 November 2009 21:24 UAE time
 
20#  Majid Al Futtaim  - picture not available
20# Majid Al Futtaim

Net Worth: US$ 3.7 Billion
Country of Residence: United Arab Emirates
Companies: Al Futtaim Group
« Back to List
 
Anyone visiting or residing in the UAE is likely to drop some money into the Majed Al Futtaim's empire.

The man is famous for building some of the Emirates' largest shopping malls and leisure centres, which have acted as a magnet for both consumers and retail businesses. Majed Al-Futtaim's City Centre chain is now dotting the regional map from Oman to Alexandria in Egypt, and is soon to be launched in the Levant.

One of his investment vehicles Oasis Capital Egypt hooked up with a handful of regional entrepreneurs to launch a major financial services group in Egypt. Despite the business break-up from his brother, Abdullah Al Futtaim, Majed's corporate relationship with his former partner, is still interwoven. Abdullah's exclusive foreign brands are being sold in the developments built by Majed.
 

 
Comments (0)

All posts are sent to the administrator for review and are published only after approval. ArabianBusiness.com reserves the right to remove any comment at any time for any reason.Please keep your responses appropriate and on topic.
Arabian Business would like to point out that only comments relevant to the story will be published. Any containing personal insults or inappropriate language will not be approved.
Name *
Remember me on this computer
Email *
(Your email address will not be published)
City
Country
Subject *
Comment *


Please click post only once - your comment will not be published immediately.

Gitex 2009