UAE billionaire Majid Al Futtaim passes away

 

CAIRO- 17 December 2021:  UAE billionaire business tycoon Majid Al Futtaim, the owner of the Majid Al Futtaim Group (MAF), passed away on Friday.

 

The late billionaire's company established several enormous real estate projects including the Mall of the Emirates, Ski Dubai, and the Mall of Egypt that opened in March 2017 in the 6th of October city, besides that his company is operating 13 hotels and 62 malls.

 

Forbes ranked him and his family number 4 of the richest businessmen in the Middle East in 2020, as his net wealth was estimated at $ 3.3 billion.

 

رحم الله أخونا ماجد الفطيم، رجل الأعمال المبدع ، وأحد أهم تجار دبي وكبار رجالاتها …
وصاحب عطاء للوطن وخير لا ينقطع .. آخر قراراته كان توظيف ٣٠٠٠ مواطن … رحمه الله وأسكنه فسيح جناته وألهم أهله وذويه الصبر والسلوان .. آمين pic.twitter.com/BZKtRrdRds

— HH Sheikh Mohammed (@HHShkMohd) December 17, 2021

 

UAE  Sheikh Mohammed bin Rashid Al Maktoum, the ruler of Dubai, mourned Futtaim’s death, saying that Futtaim was a creative businessman and one of the most important Dubai traders.  Sheikh Mohammed bin Rashid Al Maktoum added that Futtaim’s last decision was hiring 3000 citizen

 

An official at the MAF told Cairo 24 that the company’s work will remain unchanged.