Majid Al Futtaim was a 'genius' in trade and management. Photo: Sheikh Mohammed bin Rashid / @HHShkMohd
Majid Al Futtaim was a 'genius' in trade and management. Photo: Sheikh Mohammed bin Rashid / @HHShkMohd
Majid Al Futtaim was a 'genius' in trade and management. Photo: Sheikh Mohammed bin Rashid / @HHShkMohd
Majid Al Futtaim was a 'genius' in trade and management. Photo: Sheikh Mohammed bin Rashid / @HHShkMohd

Obituary: Majid Al Futtaim made his dream come true by creating moments for all


Alvin R Cabral
  • English
  • Arabic

Majid Al Futtaim, a man whose dream was to “create moments for everyone, every day”, died on Friday, December 17.

The rich legacy he leaves goes beyond the eponymous shopping malls and developments he inspired to be built.

His legacy will live on in the pioneering business and culture his Majid Al Futtaim conglomerate created, one that he built by working tirelessly and turning his purpose and vision into reality.

A former bank clerk but a visionary entrepreneur, Al Futtaim was hailed by Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, as one of the emirate's “most important merchants and senior men".

“May God have mercy on our brother Majid Al Futtaim, the creative businessman,” Sheikh Mohammed said.

His strong belief that robust and world-class private sector institutions play a critical role in driving sustainable economic growth and human development are not only epitomised by the structures he built.

Al Futtaim founded retailing and entertainment company Majid Al Futtaim Holding, or MAF, in 1992, and in 1995, City Centre Deira, the group's flagship mall, opened its doors and paved the way for major growth.

May God have mercy on our brother Majid Al Futtaim, the creative businessman and one of Dubai’s most important merchants
Sheikh Mohammed bin Rashid,
Vice President and Ruler of Dubai

The mall was also home to the first branch of French hypermarket chain Carrefour and family entertainment centre Magic Planet in the UAE — among many firsts the company ushered into retail and entertainment space in the Emirates.

In the 2000s, the MAF portfolio expanded exponentially, with Vox Cinemas, the UAE's first multiplex cinema, opening in 2000.

MAF's success was also replicated outside the UAE, as it expanded into markets including Saudi Arabia, Egypt, Oman, Bahrain, Lebanon, Kuwait, Qatar, Jordan and Uganda, bringing with it the touch of retail and entertainment flair Dubai and the UAE are known for.

“Majid Al Futtaim was not just a businessman, but a genius in trade and management,” said Habib Al Mulla, partner at Habib Al Mulla & Partners, a member firm of Baker & McKenzie International.

“He introduced concepts in the world of commerce that were not known in the region and established a financial empire with a structure that experts could not.

“He became an inspiring model for pioneers and his is an experience that deserves to be documented and studied. May God have mercy on him and place him in heaven.”

In 2003, Majid Al Futtaim Fashion was established, becoming a springboard into the region for some of the world’s most famous retail brands — eventually paving the way for tech company Apple to open its first stores in the region — and allowing them to tap into and grow their brands strategically across a broad market.

Majid Al Futtaim was not just a businessman, but a genius in trade and management. He introduced concepts in the world of commerce that were not known in the region and established a financial empire with a structure that experts could not
Habib Al Mulla,
partner at Habib Al Mulla & Partners

In 2005, the region's first shopping resort and flagship luxury destination, Mall of the Emirates, opened in Al Barsha and became the home of the Middle East’s first indoor ski resort and snow park, Ski Dubai.

Majid Al Futtaim with Sheikh Rashid bin Saeed Al Maktoum. Photo: Wikimedia
Majid Al Futtaim with Sheikh Rashid bin Saeed Al Maktoum. Photo: Wikimedia

With more than 34,000 employees in 28 shopping malls, 13 hotels and four city projects, Al Futtaim's business endeavours are a perfect example of how humble beginnings can develop into prolific success.

His leadership has benefited entire communities across the region, making his malls and hotels part of the fabric of daily life for many.

“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,” the conglomerate said in a statement.

On Forbes' Billionaires 2021 list, he is ranked third in the Middle East and 831st globally, with a net worth of $4.3 billion.

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The first Soroptimists club was founded in Oakland, California in 1921. The name comes from the Latin word soror which means sister, combined with optima, meaning the best.

The organisation said its name is best interpreted as ‘the best for women’.

Since then the group has grown exponentially around the world and is officially affiliated with the United Nations. The organisation also counts Queen Mathilde of Belgium among its ranks.

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Global state-owned investor ranking by size

1.

United States

2.

China

3.

UAE

4.

Japan

5

Norway

6.

Canada

7.

Singapore

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Australia

9.

Saudi Arabia

10.

South Korea

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Conflict, drought, famine

Estimates of the number of deaths caused by the famine range from 400,000 to 1 million, according to a document prepared for the UK House of Lords in 2024.
It has been claimed that the policies of the Ethiopian government, which took control after deposing Emperor Haile Selassie in a military-led revolution in 1974, contributed to the scale of the famine.
Dr Miriam Bradley, senior lecturer in humanitarian studies at the University of Manchester, has argued that, by the early 1980s, “several government policies combined to cause, rather than prevent, a famine which lasted from 1983 to 1985. Mengistu’s government imposed Stalinist-model agricultural policies involving forced collectivisation and villagisation [relocation of communities into planned villages].
The West became aware of the catastrophe through a series of BBC News reports by journalist Michael Buerk in October 1984 describing a “biblical famine” and containing graphic images of thousands of people, including children, facing starvation.

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Bob Geldof, singer with the Irish rock group The Boomtown Rats, formed Band Aid in response to the horrific images shown in the news broadcasts.
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Live Aid was a series of simultaneous concerts that took place at Wembley Stadium in London, John F Kennedy Stadium in Philadelphia, the US, and at various other venues across the world.
The combined event was broadcast to an estimated worldwide audience of 1.5 billion.

Tips to stay safe during hot weather
  • Stay hydrated: Drink plenty of fluids, especially water. Avoid alcohol and caffeine, which can increase dehydration.
  • Seek cool environments: Use air conditioning, fans, or visit community spaces with climate control.
  • Limit outdoor activities: Avoid strenuous activity during peak heat. If outside, seek shade and wear a wide-brimmed hat.
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  • Check on vulnerable people: Regularly check in on elderly neighbours, young children and those with health conditions.
  • Home adaptations: Use blinds or curtains to block sunlight, avoid using ovens or stoves, and ventilate living spaces during cooler hours.
  • Recognise heat illness: Learn the signs of heat exhaustion and heat stroke (dizziness, confusion, rapid pulse, nausea), and seek medical attention if symptoms occur.
What can victims do?

Always use only regulated platforms

Stop all transactions and communication on suspicion

Save all evidence (screenshots, chat logs, transaction IDs)

Report to local authorities

Warn others to prevent further harm

Courtesy: Crystal Intelligence

THE DETAILS

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Countdown to Zero exhibition will show how disease can be beaten

Countdown to Zero: Defeating Disease, an international multimedia exhibition created by the American Museum of National History in collaboration with The Carter Center, will open in Abu Dhabi a  month before Reaching the Last Mile.

Opening on October 15 and running until November 15, the free exhibition opens at The Galleria mall on Al Maryah Island, and has already been seen at the Jimmy Carter Presidential Library and Museum in Atlanta, the American Museum of Natural History in New York, and the London School of Hygiene and Tropical Medicine.

 

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Updated: December 19, 2021, 3:16 AM`