BUSINESS
How Majid Al Futtaim’s Legacy Shapes the Middle East
Majid Al Futtaim the name carries a lot of innovative and entrepreneurial ideas has greatly contributed towards the development of the Middle East region. Being the founder of one of the biggest Majid Al Futtaim Group that is considered as one of the largest and a diversified company in the region Al Futtaim has made significant contribution to economic growth and development. Having its origin in Dubai, Al Futtaim’s start-up was a strong passion of an entrepreneur whose aim was to establish a firm that would operate more as a social enterprise as it was competent one. He has also over the years seen the growth of the Majid Al Futtaim Group opening its branches in over 15 countries across the Middle East, Africa, and Asia.
A Diversified Portfolio
Majid Al Futtaim Group comprises of various operations mostly in retailing, property and leisure. Some of its m brands include:
- Carrefour: One of the largest store formats that server food and electronics and apparel and other home products and services. Carrefour has earned the social status of a company within the region.
- VOX Cinemas: A popular movie theatre brand that prides itself in having well equipped theatres that offer an excellent movie viewing experience. Some of the seating options that are available with VOX Cinemas include; luxury recliner seats as well as VIP lounges.
- Ski Dubai: An extraordinary, scientifically created year-round skiing environment for winter sports and fun right in the middle of an arid desert. Ski Dubai has real snow factor, ski lifts and even the penguins are present there.
- Magic Planet: A combination of rock climbing facilities, redemption games, amusement games and other children amusement facilities. Magic Planet is entertaining to kids and even adults as people can enjoy themselves and have lots of fun with some exercises.
A Commitment to Sustainability
Majid Al Futtaim Group has incorporated sustainability into its core values. Al Futtaim is concerned on environmental conservation and has adopted several measures towards minimizing the impact of its activities on the environment. These efforts include:
- Energy efficiency: The Group has remained keen on ensuring that it uses as little energy as possible by investing on Energy Efficiency Technologies & Polices.
- Waste management: There are environmental management strategies for the reduction of amount of waste produced, together with the management of waste disposal through recycling plans.
- Water conservation: Water is also another critical natural resource that the Group has ensured it is well conserved by putting in place measures of saving the liquid.
Philanthropy and Community Engagement
He is also credited with philanthropic disposition and great attachment to the welfare of the communities across the region. He has set up different programs to help the needy in society and community based dramas. These initiatives include:
- Education: The Group actively participates in the sponsorship of educational programs as well as scholarships in order to enable the youth.
- Healthcare: It has been involved in various health causes which seeks to enhance the provision of better health care facilities.
- Social development: The Group has an involvement in many social development activities for which it funds with the view of augmenting the living standards of needy groups of people.
Majid Al Futtaim’s legacy does not stop with his business expansion but it goes further. He has changed the image of the Middle East by introducing vision innovation and commitment to sustainability. Having provided employment opportunities to many citizens, stimulated the economy and boosted the quality of the lives of many citizens, Al Futtaim has proved to be a professional and ambitious leader, who gave the region its face for many generations.