Established in 1992, Majid Al Futtaim is the main shopping center, retail and recreation pioneer over the Center East and North Africa (MENA).
A surprising business example of overcoming adversity, Majid Al Futtaim began from small time’s vision to change the substance of shopping, stimulation and relaxation, and to make extraordinary minutes for everybody, consistently. It has subsequent to developed into one of the Unified Middle Easterner Emirates’ most regarded and fruitful organizations traversing 12 global markets, utilizing more than 26,000 individuals, and accomplishing the most astounding FICO score (BBB) among secretly held corporates in the Center East.
Majid Al Futtaim claims and works 17 shopping centers, 11 lodgings and three blended use groups in MENA, with further improvements in progress in the district. This incorporates Shopping center of the Emirates, Downtown area shopping centers, furthermore 4 group shopping centers which are in joint endeavor with the Administration of Sharjah. It holds restrictive rights to the Carrefour establishment in 19 markets crosswise over MENA and Focal Asia, working an arrangement of more than 50 hypermarkets and more than 55 grocery stores in 12 nations.
It is one of the biggest hypermarket chains on the planet (with near 1,600 hypermarkets toward the end of 2015), the fourth biggest retail gather on the planet as far as income (after Walmart, Tesco and Costco), and the second in benefit (after Walmart).
By 2018, Majid Al Futtaim Retail hopes to achieve 140 hypermarkets and 210 stores and grow its region in 6 new markets.
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