Majid Al-Futtaim Group: MEED Assessment

27 January 2010

The company has an underlying strategy of diversification

Key facts

750,000 sq m - Al-Futtaim’s gross leasable space in 2009

2.2 million sq m - Al-Futtaim’s planned gross leasable space by 2015

MAF has been operating in a Dubai retail property market in which rents have been falling by as much as 10 per cent each quarter, according to figures from UK property consultant CB Richard Ellis.

Nonetheless, the drop in rental revenues is survivable for a group geographically well spread and well established in resilient economies, such as Egypt and Saudi Arabia that have been less affected.

MAF’s underlying strategy of diversification into a broad range of Middle Eastern economies has been vindicated.

A MEED Subscription...

Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.

Get Notifications