UAE businessman Majid Al Futtaim passes away
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UAE businessman Majid Al Futtaim passes away

UAE businessman Majid Al Futtaim passes away

Having founded the Majid Al Futtaim group in 1992, the businessman oversaw its growth into a massive retail conglomerate across the region

UAE businessman Majid Al Futtaim passed away on Friday, December 17.

Taking to Twitter, Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, paid tribute to him, calling Al Futtaim “one of the most important merchants and senior men” in Dubai.

Having founded the Majid Al Futtaim group in 1992, the businessman oversaw its growth into a massive retail conglomerate across the region.

The group owns and operates 29 shopping malls in the GCC including Mall of the Emirates, City Centre malls, My City Centre neighbourhood centres, and five community malls which are in joint venture with the Sharjah government.

The company is also the exclusive franchisee for Carrefour in over 30 markets across the Middle East, Africa and Asia, operating a portfolio of more than 375 outlets and an online store.

In his message, Sheikh Mohammed also hailed Majid Al Futtaim’s “last decision to hire 3,000 citizens” – which was announced in September.

Dubai Crown Prince Sheikh Hamdan bin Mohammed also paid tribute saying: “we bid farewell to… a man who spent his life serving his country and his family.

The Majid Al Futtaim group also offered its condolences on Twitter.

“Mr Majid Al Futtaim was a visionary entrepreneur who transformed the face of business in the entire region and his lifetime achievements have been an inspiration for many, and particularly for us at the Majid Al Futtaim group of companies, which was built around his clear sense of purpose and an unwavering vision. Our sincere thoughts and prayers are with Mr Majid’s family and loved ones during this difficult time,” it said.

“Mr Majid Al Futtaim believed wholeheartedly in robust, world-class private sector institutions and the role they should play in driving sustainable economic growth and human development. He worked tirelessly on turning this purpose and vision into a reality that acts as a role model for others. His legacy lives on in Majid Al Futtaim’s business and culture, which shall continue to create outstanding businesses, innovative brands, and exceptional destinations and spaces that incubate happiness for our people and our customers,” it added.

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