Abu Dhabi’s retail and entertainment sectors are set for further growth following the announcement of the first-ever City Centre mall in the UAE capital.
Majid Al Futtaim announced today continued financial growth throughout its business during the first six months of the year, with overall group revenue expanding by 4% to AED 15.7 billion and EBITDA increasing by 4% to AED 2.0 billion. At constant FX rates
Enova – the regional leader in integrated energy and multi-technical services – will supply solar power to four Majid Al Futtaim malls, delivering expected savings of AED 80 million.
Majid Al Futtaim, the leading shopping mall, communities, retail and leisure pioneer across the Middle East, Africa and Asia, has announced the acquisition of Retail Arabia, the franchise owner of 26 Geant stores across the United Arab Emirates, Bahrain and Kuwait as well as 4 Gulfmart supermarkets in Bahrain. The deal has been agreed between Majid Al Futtaim and Retail Arabia’s parent company BMA International.
Majid Al Futtaim today launched its 11th annual ‘Make A Difference’ campaign, which encourages the act of giving during the holy month of Ramadan.
Majid Al Futtaim officially broke ground on what will be the company’s largest mall within the UAE’s third-largest emirate – City Centre Al Zahia in Sharjah. Once complete, City Centre Al Zahia will be a valuable addition to the powerful City Centre brand portfolio.
Enova recently partnered with the French start-up METRON, an expert in big data science. Together, the companies will tackle the challenges in the energy efficiency market in the Middle East and help industrial customers use smart energy management solutions to reduce their utilities costs.
This April, Majid Al Futtaim is pleased to announce the establishment of Ski Dubai’s first-ever Snowsports Team, sponsored by Ski Dubai. The soon-to-be-revealed team will bring together the region’s most talented skiers and snowboarders to train and compete on an international level.
Majid Al Futtaim together with Marriott International (NASDAQ: MAR) announced plans to launch the region’s first cinema-themed concept at Aloft Dubai City Centre Deira. The concept will feature a unique offering of cinematic themed rooms in addition to an ‘Outdoor’ VOX Cinema developed in collaboration with Majid Al Futtaim Cinemas, owner of the VOX Cinemas brand in the Middle East.