Majid Al Futtaim

ONE OF THE UAE’S richest businessman with a fortune of $4.5 billion, the Dubaibased entrepreneur heads the Majid Al Futtaim Group (MAF), a prominent shopping malls and retail developer. Last year, the developer launched phase two of the Dhs1 billion Mall of the Emirates expansion, a series of Carrefour City stores and community malls and announced the Dhs750 million expansion of VOX Cinemas, while malls projects in Egypt and Oman are still ongoing. Al Futtaim plans to double the company’s business to $12 billion by 2018 through a $5 billion fiveyear expansion plan, the bulk of which will be generated from overseas.