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The firm was established by Majid Al Futtaim in 1992 [1] and is best known as the owner of the Mall of the Emirates in Dubai and being the franchisee of French hypermarket chain Carrefour in the Middle East, North Africa and Central Asia.
Majid Al Futtaim has handled the Carrefour operations in the Middle East and North Africa region since 1995, as the company opened the region's first hypermarket at City Centre Deira – it initially was a Continent-branded store before it converted to Carrefour four years later. As of 2020, Majid Al Futtaim operates over 320 Carrefour stores ...
Currently, 6 Carrefour Market stores are present in Kuwait. In UAE, Carrefour Market operates across several regions. [2] The Majid Al Futtaim Group operated Carrefour chain acquired 13 Géant easy stores and rebranded the stores as Carrefour Market. In Georgia, the Carrefour Group has Carrefour Market stores in the country.
Majid Al Futtaim was the cousin of fellow billionaire Abdulla Al Futtaim, the head of the Al-Futtaim Group, from whom he later became estranged. [2] Majid Al Futtaim with Sheikh Rashid bin Saeed. The Majid Al-Futtaim Group currently spans 20 international markets and employs over 45,000 people. [3]
It claims 340 retail outlets, including anchors hypermarket Carrefour and luxury department store Saks Fifth Avenue, [5] [6] both the first in Bahrain, as well as 60 dining outlets. [7] [8] The mall is designed to accommodate weekend visitors from Saudi Arabia across the King Fahd Causeway by featuring two Kempinski hotels and an indoor water ...
EXCLUSIVE: Universal Pictures International is forming a new partnership with Emirates-based Majid Al Futtaim Distribution which will see the latter release Universal movies in Saudi Arabia and ...
Majid Al Futtaim Healthcare launches its first clinic in Deira City Centre [2] [5] Majid Al Futtaim acquires Carrefour's 25% minority stake in MAF Hypermarkets and therefore, owns 100% of the Carrefour brand regional operations and exclusive operation rights in 38 markets across Middle East, Africa, and Central Asia regions. [2] [6] [7
City Centre Ajman was the second Mall in Majid Al Futtaim Properties portfolio to be opened, following the launch of Deira City Centre (now renamed City Centre Deira) in Dubai three years previously. Initially named Ajman City Centre, its name was changed in 2014.