Home lists Top 100 most powerful Arabs 2021 Majid Al Futtaim Founder, Majid Al Futtaim Origin: UAE Residence: UAE Sector: Diversified The UAE-based businessman and founder of Majid Al Futtaim, the behemoth group that owns and operates 27 shopping malls, 13 hotels and four mixed-use communities, is one of the wealthiest people in the region. While the founder maintains a low profile, the company has been working on aggressively growing its reach. The group accelerated its digital transformation with the launch of new online platforms, expanded into Uzbekistan and remains committed to its pledge to phase out single-use plastics from its operations by 2025. Majid Al Futtaim also launched its circular economy strategy last year, reinforcing its commitment to sustainable development.