Majid Al Futtaim Holding LLC establishes, invests in, and manages commercial projects. The company operates through Properties, Retail, and Ventures segments. The Properties segment is invests in, operates, and manages commercial projects, including shopping malls, hotels, residential projects, leisure, and entertainment facilities. The Retail segment establishes and manages hypermarkets and supermarket under the franchise agreement with Carrefour Partenariat International. The Ventures segment establishes, invests in, and manages commercial projects; and establishes and manages retail fashion stores. It also provides leisure, entertainment, credit cards, food and beverage, and healthcare se...
City Centre Deira Complex
United Arab Emirates
Founded in 1992
Majid Al Futtaim Holding LLC Announces Resignation of Viswanathan Shankar as Director
Jun 30 16
Mr. Viswanathan Shankar stepped down as a Director of Majid Al Futtaim Holding LLC effective close of business on 30th June 2016.
Majid Al Futtaim to Open Six New Hotels in UAE
Jun 1 16
Majid Al Futtaim has unveiled plans to expand its portfolio of hotels with six new developments in the UAE under a strategic development plan that will see the company increase its total investment in the UAE by AED 30 billion by 2026. The new hotels will come up at the Mall of the Emirates, City Centre Mirdif, and its planned mixed-use community in Dubai. This will bring the company’s total number of keys operated to 4,800. The new strategic plan will increase the company’s total investment in the country to AED 48 billion. As part of its new investment plan for the UAE, Majid Al Futtaim will develop 10 new shopping malls under its City Centre brand. This will include a new landmark regional mall in Dubai, as part of a 740,000 sq m mixed-use residential, retail, hospitality, commercial and leisure community. It will also include the company’s first super-regional mall in Sharjah, which will be adjacent to its existing Al Zahia master-planned community. In addition, Majid Al Futtaim will take its integrated retail-tainment model to Abu Dhabi for the first time, starting with the development of a community mall in Masdar City. The company’s new malls will further strengthen its position as the gateway of choice for some of the world’s most renowned brands to enter or expand in the UAE. In line with its strategy to keep assets fresh, relevant and best in class, Majid Al Futtaim will also undertake six expansions to its existing malls, including major extensions to City Centre Ajman and City Centre Me’aisem, which will turn them into regional malls. Combining all new developments and expansions, the company will increase the total retail space in its mall network in the UAE from 725,000 sq m to 1,500,000 sq m. The new investment plan will also see Majid Al Futtaim introduce new pioneering cinema experiences, family entertainment centres, advanced healthcare clinics, sought after fashion brands and innovative food and beverage concepts across the UAE. In addition, the company will expand its consumer finance business and introduce 10 new Carrefour hypermarkets and 30 new Carrefour supermarkets, bringing the convenience of high quality produce, wide variety and low prices to more people across the emirates. The new plan will see the company’s presence in the UAE reach two master-planned communities, 19 shopping malls, 16 hotels, 101 Carrefour hypermarkets and supermarkets, 28 cinemas, 38 leisure and entertainment outlets, 86 fashion stores and 26 healthcare clinics upon completion.
Majid Al Futtaim Forms Joint Venture with Monsoon Accessorize
Apr 12 16
Majid Al Futtaim Fashion has formed a joint venture with Monsoon Accessorize Limited.