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Majid Al Futtaim
The foundation of Majid Al Futtaim's success lies in his entrepreneurial spirit and vision. In 1992, he established the Majid Al Futtaim Group, starting with the creation of the City Centre Deira Mall in Dubai. This marked the beginning of his venture into the retail and real estate sectors, setting the stage for the group's expansion and diversification over the years.
The group operates some of the most well-known and successful retail brands in the Middle East, including Carrefour, a global retail giant. Carrefour is a major player in the region's hypermarket and supermarket segment, offering a wide range of products from groceries to electronics. The success of Carrefour has significantly contributed to Majid Al Futtaim's influence and economic impact on the retail industry.
The company has developed and managed numerous shopping malls, hotels, and mixed-use developments across the Middle East and North Africa region. These include iconic properties such as the Mall of the Emirates in Dubai, City Centre Mirdif, and City Centre Beirut. These projects not only serve as commercial hubs but also contribute to the urban development and tourism industry of the respective regions.
Majid Al Futtaim is also recognized for his commitment to sustainability and environmental responsibility. The group has implemented various initiatives to reduce its environmental impact, including energy-efficient practices, waste-reduction measures, and green building designs.