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Mall of the Emirates, Dubai by Majid Al Futtaim Mall of the Emirates, Dubai by Majid Al Futtaim

Majid Al Futtaim Grows Revenue

Majid Al Futtaim reported solid financial growth for the first half of the year (H1). The firm has accumulated an overall group revenue of AED15.2 billion (USD4.14 billion), an 11 percent jump over H1 2015,

while posting AED1.9 billion (USD517.3 million) in earnings before interest, taxes, depreciation, and amortisation, indicating a seven percent year-on-year increase.

The company has commenced the construction of the 103,000 m2 City Centre Almaza in Cairo, and Aloft City Centre Deira.

Further achievements include the opening of 11 new Carrefour stores and the launch of the first outdoor VOX Cinemas concept in Deira.

The enterprise has outlined furter long-term investment plans in the UAE, Saudi Arabia, Egypt and Oman.