Entrepreneurs
The Unstoppable Growth of Juma Al Majid Holding
Juma Al Majid Holding Group was founded by Juma Al Majid in the year 1950. A small trading company at first, today it is one of the giant conglomerates in the UAE. Traditionally, Dubai was recognized as a trading center and, thus, in the early days, it primarily was a trading business. Diversified growth with flexibility and a vision have acted as a success driver for the group over the last seven decades. The company today is currently working on key sectors in the field of automotive, real estate development, FMCG, contracting, hospitality, tourism, and more. Currently, Juma Al Majid Holding Group continues to be a fundamental element of the economic growth of the United Arab Emirates through 33 companies spread across 150 branches of the GCC.
The most significant achievement that the group achieved was after it ventured into the automotive industry and partnered with giant brands such as Hyundai and Kia. This significantly made its portfolio even stronger as well as laid the basis for future collaborations with overseas brands. This biggest group in the UAE automobile market had been consistently in good pace with the changing demand from the market, keeping the group in the very top rank as a principal distributor and dealer for several automotive manufacturers around the globe.
The group also operates in the subsidiary level by interacting with both public and private sectors of the construction and contracting industries. The Contracting and Services divisions of the Juma Al Majid Holding Group specialize in anything from turnkey electromechanical works to fire fighting solutions, architectural metalwork, and joinery. This wide range of services has made the company a powerful force in the development of UAE’s infrastructure. The group has also expanded its scope into large-scale real estate projects, including mixed-use developments, through Al Majid Property Co. LLC, accelerating the rapidly expanding urban landscape of Dubai and other metropolises.
Through the foray into the FMCG segment, it spreads its influence further, where it has emerged as a reliable distributor of day-to-day commodities. The tie-up with Crunchos brands that are even served on Emirates Airlines depicts that this group has the potential to bring premium and convenience together in such a way that it would cater to the demand of the consumer and, therefore, the brand reach would be on international platforms. This legacy is reflected in its travel and tourism projects, whereby Skyline Travel, Tourism & Shipping LLC and Al Majid Travel LLC operate business-to-business and leisure travel services both locally and within the GCC area.
Juma Al Majid Holding Group is still known for having robust social responsibility, a virtue instilled in its founder. In the 1990s, Al Majid established the Beit Al Khair Society to enhance the welfare of marginalized individuals across the United Arab Emirates. The organization involves several activities, educational and health-related, and seeks to give back to society-a principle the group is fundamentally guided by. Additionally, the company has invested heavily in digital transformation by establishing Al Majid Digital Solutions to innovate its processes and increase operational performance. The technology will bring much-needed change to its current services that are more technology-based. It would help the company adjust to changes in market trends.
Another sizeable part of Juma Al Majid Holding Group’s diversified portfolio is financial investments. Al Majid Investment Co., established in 1999, manages assets in global equities, fixed income, private equity, and more. This division represents the group’s forward-thinking approach, as it diversifies its income streams while supporting the financial foundation of its core business sectors.
Its approach towards flexible responses and partnerships with international brand leaders and the commitment that they have shown towards issues like social responsibility are making a perfect example of sustainable growth or corporate citizenship in the same region. With the look forward to the future, the group is all set to carry on the legacy of success, innovation, and societal impact in the UAE and beyond in the GCC.