Majid Al Futtaim Group
Encyclopedia
Majid Al Futtaim Properties (ماجد الفطيم) is a Dubai
Dubai
Dubai is a city and emirate in the United Arab Emirates . The emirate is located south of the Persian Gulf on the Arabian Peninsula and has the largest population with the second-largest land territory by area of all the emirates, after Abu Dhabi...

, United Arab Emirates
United Arab Emirates
The United Arab Emirates, abbreviated as the UAE, or shortened to "the Emirates", is a state situated in the southeast of the Arabian Peninsula in Western Asia on the Persian Gulf, bordering Oman, and Saudi Arabia, and sharing sea borders with Iraq, Kuwait, Bahrain, Qatar, and Iran.The UAE is a...

 real estate developer and billionaire. As of 2011, his net worth was estimated by Forbes
Forbes
Forbes is an American publishing and media company. Its flagship publication, the Forbes magazine, is published biweekly. Its primary competitors in the national business magazine category are Fortune, which is also published biweekly, and Business Week...

 to be $1.2 billion, making him the 993rd richest person in the world.

The group develops shopping mall
Shopping mall
A shopping mall, shopping centre, shopping arcade, shopping precinct or simply mall is one or more buildings forming a complex of shops representing merchandisers, with interconnecting walkways enabling visitors to easily walk from unit to unit, along with a parking area — a modern, indoor version...

s throughout the Middle East. In 2008, the group announced that it is building a large mixed-use development in Syria
Syria
Syria , officially the Syrian Arab Republic , is a country in Western Asia, bordering Lebanon and the Mediterranean Sea to the West, Turkey to the north, Iraq to the east, Jordan to the south, and Israel to the southwest....

.

The group operates the Mall of the Emirates
Mall of the Emirates
The Mall of the Emirates is a shopping mall in the Al Barsha district of Dubai, United Arab Emirates. It was developed by Majid Al Futtaim Properties under the leadership of its CEO, Peter Walichnowski, who was also the developer of "Bluewater" near London, Europe's most successful shopping mall....

, one of the world's largest shopping malls.

External links

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