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Majid Al Futtaim
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Date of birth
Apr 26, 1934
Date of death
Invalid Date
Nationality
Place of birth
United Arab Emirates , Dubai
Constellation
Biography
Majid Al Futtaim is an Emirati entrepreneur and prominent businessman best known for revolutionizing the shopping experience across the Middle East. Through his visionary approach, he reshaped how people shop, live, and entertain themselves, significantly affecting lifestyles throughout the region. His privately-held conglomerate, the Majid Al Futtaim Group—founded in 1992—encompasses retail operations, shopping centers, hospitality, and residential projects.
Under his leadership, the group’s influence expanded dramatically, operating across 15 international markets with a workforce exceeding 34,000. Widely recognized and highly admired, Majid has successfully introduced numerous internationally acclaimed brands to regional markets, fostering economic growth and innovation.
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Early Life
Majid started his professional journey working at the Bank of Oman, gaining valuable experience and insights into financial management and investment opportunities. With strong business acumen and ambition, he soon decided to venture out on his own. In 1992, he launched the Majid Al Futtaim Group, laying a strong foundation for a business empire that would significantly transform regional commerce.
The Personal Life
Majid Al Futtaim leads an extremely private life, consciously remaining away from public appearances and media interactions. He is well-known for living modestly despite his immense wealth, reflecting values of humility and discretion. Respected for his culturally sensitive business approach, he always ensures his projects align with local traditions and norms.
Quick Facts
– Ranked by Forbes in 2017 with an estimated net worth of approximately $10.6 billion.
– Employs over 34,000 individuals across various regions.
– Passionate about philanthropic and charitable endeavors, investing heavily in community welfare and social initiatives.
Achievements
- Throughout the past decades, Majid Al Futtaim achieved several significant milestones that set new standards in shopping, entertainment, property development, and hospitality. Some of his most notable achievements include:
- Establishing the first modern shopping mall in the Middle East, City Centre Deira, in Dubai in 1995.
- Founding Majid Al Futtaim Retail, introducing prominent international retail brands such as Carrefour supermarkets to the region.
- Launching Majid Al Futtaim Properties, which developed more than 20 shopping malls, such as Mall of the Emirates and City Centre malls, and several popular entertainment complexes like Ski Dubai.
- Operating 12 upscale hotels and three large-scale integrated residential community projects.
- Expanding his group’s diverse presence into 15 countries including Egypt, Oman, Lebanon, Bahrain, Jordan, Iraq, and Kuwait.
Other
Majid Al Futtaim’s business ventures continue to significantly impact diverse sectors across many countries, enhancing economic opportunities and creating sustainable employment. He established integrated cities and managed large-scale projects possessing impressive architectural designs. His determination and ambitious vision have continuously inspired entrepreneurs around the region.
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