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Majid Al Futtaim

Majid Al Futtaim
5
Objects in work
1992
Founded in

Across our residential communities, our goal is to inspire our residents to live life to the fullest by continually providing unique and engaging experiences to current and future generations.

For over two decades, Majid Al Futtaim has delivered great moments – starting with City Centre Deira in 1995, which changed the face of retail, leisure and entertainment across the Middle East, and redefined the way people enjoy places and spaces.

As a vision-driven brand, what we do matters, but it is who we do it for that matters most. We create 'great moments for everyone, everyday', by leading the way and relentlessly pursuing excellence, so that we may consistently deliver great experiences.

Advantages

26 years on the market
Combined Gross Development Value of over $ 3.6 billion
A multinational conglomerate based in the UAE
Leadership across the real estate, engineering, industrial and commercial trading
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Features

Who we are

Across our operations, we create innovative brands, destinations and spaces that burst with ingenuity.

We strive to incubate happiness by creating great moments for everyone, everyday. This was the vision of our founder, Majid Al Futtaim, which is as relevant today as it was over 26 years ago.

Our Executive Leaders underpin our ability to consistently deliver innovative and strategic thinking, and create “great moments for everyone, everyday”.

Open and Accountable

Majid Al Futtaim Holding as the company’s strategic architect, supports the business entities with expansion plans, while allowing them to operate independently. Our leaders inspire, encourage and help deliver on our vision, strategy and values, everyday. They lead the way and encourage others to do the same.

At Majid Al Futtaim, sound corporate governance is our commitment to maintain accountability in our professional conduct in the interest of our stakeholders. We believe that effective governance is realised through leadership and partnership and that the role and actions of our majority independent Boards should compliment, enhance and support the work of the management team, while protecting and growing the shareholders’ interest.

Sound governance has become a brand feature at Majid Al Futtaim, which enables us to attract highly experienced Board Members, as well as the best and brightest regional and international management talent.

Business Ethics

Majid Al Futtaim adheres to national regulations in all markets in which we operate. Over and above national regulations, we have also made a choice to follow international best practices and continue maintaining our regional leadership position.

Our Corporate Compliance mission is to serve the best interests of the business and its employees, customers, and stakeholders by promoting an organisational culture committed to integrity, ethical conduct, and compliance with the law.

We do this by establishing standards, policies and procedures to ensure that Majid Al Futtaim achieves strategic and operational objectives consistent with its compliance obligations.

At Majid Al Futtaim, we are serious about creating 'great moments for everyone, everyday'. And our approach to corporate compliance and ethics is no exception.

Our Code of Conduct serves the interests of our employees, customers and other stakeholders by promoting an organisational culture committed to integrity, ethical conduct and compliance with the law.

Majid Al Futtaim works within a complex network of suppliers, customers and partners across its operating companies. As part of our ongoing initiative to monitor those involved in our day-to-day operations, we have adopted our Supplier Code of Conduct.

The Supplier Code of Conduct is an extension of the Majid Al Futtaim Code of Conduct. It lists our standards and behaviours and general principles, which need to be adhered by all suppliers and service providers.

Sustainability

At Majid Al Futtaim we continually challenge ourselves to exceed world-class standards and think holistically about the impact our business has on the environment and the communities in which we operate.

At Majid Al Futtaim, sustainability is at the heart of everything we do. We believe it’s our duty to Dare Today, Change Tomorrow. This is what drives the direction and decisions we make.

Our Company-wide goals and initiatives have been developed to help meet our Sustainable Business Commitments and sustainability annual targets. These are aligned to our strategic focus areas which include:

  • Transforming Lives in the communities we serve to provide a healthy, fulfilling and sustainable way of life
  • Rethinking Resources to make a Net Positive Impact, and
  • Empowering our People to unlock the full potential our both our direct employees and those employed by our contractors.

We continually strive to become one of the most sustainable companies in the world. Our long-term target is to produce more energy and water than we consume, reaching a Net Positive business model by 2040. It’s ambitious, but we are confident we will be the first in the region to get there.

Sustainability strategy Dare Today, Change Tomorrow contributes to the achievements of 10 UN Sustainable Development goals.

First company in MENA region to adopt a group level net positive strategy and one of the first companies in the world to sign up to the World Green Building Council Net Zero Building Commitment.

Continuously investing in our people through embedding sustainability training at all levels, wellness year-round campaigns and Employment Conditions Policies.

First in the region to achieve LEED and BREEAM certification across our properties portfolio and minimum LEED GOLD requirement for all new developments.

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Tilal Al Ghaf
43 properties
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