The Al-Futtaim Group is a large conglomerate

Conglomerate (company)

A conglomerate is a combination of two or more corporations engaged in entirely different businesses that fall under one corporate structure , usually involving a parent company and several subsidiaries. Often, a conglomerate is a multi-industry company...

 operating in the United Arab Emirates

United Arab Emirates

The United Arab Emirates, abbreviated as the UAE, or shortened to "the Emirates", is a state situated in the southeast of the Arabian Peninsula in Western Asia on the Persian Gulf, bordering Oman, and Saudi Arabia, and sharing sea borders with Iraq, Kuwait, Bahrain, Qatar, and Iran.The UAE is a...

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History

The group was founded in the 1930s and expanded rapidly in the 1940s and 1950s becoming an integrated commercial, industrial and services organisation.

The Al-Futtaim family split its business interests in 2000 with Abdulla Al Futtaim controlling the automotive and mainly retail business, and his cousin Majid controlling a property development business (now known as Majid Al Futtaim Group

Majid Al Futtaim Group

Majid Al Futtaim Properties is a Dubai, United Arab Emirates real estate developer and billionaire. As of 2011, his net worth was estimated by Forbes to be $1.2 billion, making him the 993rd richest person in the world....

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Operations

Al-Futtaim Group employs over 20,000 people and operates eight divisions comprising automotive, electronics, insurance, services, real estate, retail, industries and overseas. The Chairman is Abdulla Al Futtaim and the CEO was Robert Willett until he suddenly resigned in January 2011.

Automotive

• Al-Futtaim Motors Co. LLC (exclusive distributor of Toyota, Lexus, Toyota Forklift, BT and Hino Trucks in the UAE)
• Al-Futtaim Trading Enterprises Co. LLC (exclusive distributor of Jeep, Dodge,Chrysler, Volvo and other)
• Al Futtaim Honda
• Al-Futtaim Auto & Machinery Co. LLC (Exclusive distributor of Volvo Trucks and Volvo Heavy machinery / Construction equipment, and other allied machinery for construction, transport, warehousing applications)

Technology

• Al-Futtaim Electronics Co. LLC
• Al-Futtaim Panatech Co. LLC (exclusive distributor of Panasonic in the UAE)
• Al-Futtaim Technologies Co. LLC
• Al-Futtaim Engineering CO. LLC

Retail

• Ace Hardware Al Futtaim Group LLC (UAE franchise of ACE Hardware)
• Al-Futtaim Watches & Jewellery Co. LLC
• Dubai Festival City
• IKEA UAE – Al-Futtaim

Al Futtaim Group Real Estate

• Main investments are the three Festival City Centres in Dubai, Cairo and Doha