Majid Al Futtaim | Majid Al Futtaim, a prominent UAE businessman, has died

by time news
Dubai: UAE businessman and billionaire Majid Al Futtaim has died. Majid was the head of the Al Futtaim Group, which has built several companies in the retail and real estate sectors. He is the founder of several ventures, including the Mall of Emirates in Dubai and the Carrefour retail chain in the Gulf. Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirates and Ruler of Dubai, announced the death on Twitter.

Sheikh Mohammed bin Rashid Al Maktoum said in a condolence message that he was one of the most important businessmen in Dubai. Sheikh Mohammed said his decision to deploy 3,000 Emiratis over the next five years was one of al – Futtaim’s most important announcements.

Lulu Group Chairman and Managing Director MA Yousafzai said the death of Majid Al Futtaim was a great loss. He has been instrumental in the growth of many business sectors, especially the retail sector in the UAE.

Majid al-Futtaim is a businessman who started as a bank clerk and built a large business network. Since the establishment of Al Futtaim Majid Al Futtaim Holding in 1992, it has expanded throughout the Middle East with malls and other ventures. The company owns more than 300 Carrefour supermarkets and hypermarkets in Africa, Asia and the Middle East. The Mall of the Emirates in Dubai is the main attraction. In April of this year, he was named one of the 10 richest Arabs in the world by Forbes’ 35th Annual World Billionaires list.

English Summary: UAE billionaire Majid Al Futtaim, who rose from working as a bank clerk to creating an eponymous business empire, has died.Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum announced Al Futtaim’s death in a post on Twitter on Friday, praising him as one of the sheikhdom’s “most important merchants.” “May God have mercy on our brother Majid Al Futtaim, the creative businessman, and one of Dubai’s most important merchants and senior men,” wrote Al Maktoum.

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