ArabianBusiness.com - Middle East Business News
Monday, 09 November 2009 07:44 UAE time
 
29#  Majid Saif Al Ghurair  - picture not available
29# Majid Saif Al Ghurair

Net Worth: US$ 2 Billion
Country of Residence: United Arab Emirates
Industry: Retail
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The boss of the Dubai based Al Ghurair group has become a serious player in the UAE's real estate and manufacturing sectors - including the money spinning BurJuman shopping mall.

The UAE's rising economy has given millions of people increased spending power - and as such led to a rise in Al Ghurair's personal wealth. With a larger valuation of his assets, in particular the mall, he makes his first ever appearance on the rich list - though not quite in the dizzy heights of Abdul Aziz Al Ghurair, who appears much higher, thanks to his ownership of Mashreqbank.
 

 
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Gitex 2009