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.

Pharaoh's curse

British aristocrat Lord Carnarvon, who funded the expedition to find the Tutankhamun tomb, died in a Cairo hotel four months after the crypt was opened.
He had been in poor health for many years after a car crash, and a mosquito bite made worse by a shaving cut led to blood poisoning and pneumonia.
Reports at the time said Lord Carnarvon suffered from “pain as the inflammation affected the nasal passages and eyes”.
Decades later, scientists contended he had died of aspergillosis after inhaling spores of the fungus aspergillus in the tomb, which can lie dormant for months. The fact several others who entered were also found dead withiin a short time led to the myth of the curse.

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COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
Wicked: For Good

Director: Jon M Chu

Starring: Ariana Grande, Cynthia Erivo, Jonathan Bailey, Jeff Goldblum, Michelle Yeoh, Ethan Slater

Rating: 4/5

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  • Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
  • Upload the training certificate from a centre accredited by the GCAA
  • Submit their request
What are the regulations?
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A UK report on youth social media habits commissioned by advocacy group Volteface found a quarter of young people were exposed to illegal drug dealers on social media.

The poll of 2,006 people aged 16-24 assessed their exposure to drug dealers online in a nationally representative survey.

Of those admitting to seeing drugs for sale online, 56 per cent saw them advertised on Snapchat, 55 per cent on Instagram and 47 per cent on Facebook.

Cannabis was the drug most pushed by online dealers, with 63 per cent of survey respondents claiming to have seen adverts on social media for the drug, followed by cocaine (26 per cent) and MDMA/ecstasy, with 24 per cent of people.

The President's Cake

Director: Hasan Hadi

Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem 

Rating: 4/5

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- At 9.16pm, three suicide attackers killed one person outside the Atade de France during a foootball match between France and Germany- At 9.25pm, three attackers opened fire on restaurants and cafes over 20 minutes, killing 39 people- Shortly after 9.40pm, three other attackers launched a three-hour raid on the Bataclan, in which 1,500 people had gathered to watch a rock concert. In total, 90 people were killed- Salah Abdeslam, the only survivor of the terrorists, did not directly participate in the attacks, thought to be due to a technical glitch in his suicide vest- He fled to Belgium and was involved in attacks on Brussels in March 2016. He is serving a life sentence in France

THE SPECS

      

 

Engine: 1.5-litre

 

Transmission: 6-speed automatic

 

Power: 110 horsepower 

 

Torque: 147Nm 

 

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Patrick Chamoiseau

Translated from the French and Creole by Linda Coverdale

MOUNTAINHEAD REVIEW

Starring: Ramy Youssef, Steve Carell, Jason Schwartzman

Director: Jesse Armstrong

Rating: 3.5/5

RESULTS
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Tips for job-seekers
  • Do not submit your application through the Easy Apply button on LinkedIn. Employers receive between 600 and 800 replies for each job advert on the platform. If you are the right fit for a job, connect to a relevant person in the company on LinkedIn and send them a direct message.
  • Make sure you are an exact fit for the job advertised. If you are an HR manager with five years’ experience in retail and the job requires a similar candidate with five years’ experience in consumer, you should apply. But if you have no experience in HR, do not apply for the job.

David Mackenzie, founder of recruitment agency Mackenzie Jones Middle East

While you're here
ACL Elite (West) - fixtures

Monday, Sept 30

Al Sadd v Esteghlal (8pm)
Persepolis v Pakhtakor (8pm)
Al Wasl v Al Ahli (8pm)
Al Nassr v Al Rayyan (10pm)

Tuesday, Oct 1
Al Hilal v Al Shorta (10pm)
Al Gharafa v Al Ain (10pm)

Updated: December 19, 2021, 3:16 AM