Majid Al Futtaim Developments

Key Information About Majid Al Futtaim Developments

Majid Al Futtaim Developments enters the Egyptian market from a different angle. It is the real estate arm of a group that started in 1992, then built a visible presence across retail, business, and residential destinations. In Egypt, Majid Al Futtaim Developments is linked to Mall of Egypt, City Centre Almaza, and Junction October, with investments reaching USD 2.8 billion and more than 226,000 direct and indirect job opportunities.

Majid Al Futtaim Developments should not be evaluated by project count alone. The numbers show a group that owns and operates 29 shopping malls, 7 hotels, and 5 mixed-use communities across different markets. Its owned assets reached USD 19 billion, while Junction October alone comes with a built-up area of nearly 99,000 square meters and 440 operational office units.

Majid Al Futtaim Developments competes through operation before selling, and this is an important difference in the Egyptian market. The company does not depend on launching isolated units. It works on turning each location into measurable daily movement. The presence of more than 50 shops, restaurants, and cafes in Junction October, next to Mall of Egypt, reflects a strategy built on sustained demand, not promotion alone.

About Majid Al Futtaim Developments

Majid Al Futtaim Developments goes back to the wider group founded by the late Majid Al Futtaim in 1992, before expanding across the Middle East, Africa, and Asia. The current leadership gives the corporate profile clear weight. Fadel Abdulbaqi Al Ali chairs the Board of Directors, Ahmed Galal Ismail leads the group as CEO, while Ahmed El Shamy manages the real estate company within the portfolio. This clear leadership structure strengthens the company’s institutional image.

History of Majid Al Futtaim Developments and Its Journey

Majid Al Futtaim Developments built its journey through clear phases. The starting point came in 1992, followed by regional expansion in the UAE, Egypt, Oman, Bahrain, and Lebanon. In March 2017, Mall of Egypt opened with a GLA of 165,000 square meters. Junction October followed, then came the Mada City partnership on nearly 553 acres in eastern New Cairo.

Vision and Mission of Majid Al Futtaim Developments

Majid Al Futtaim Developments works from the belief that real estate does not succeed through area alone. The company links retail, entertainment, work, and housing to repeatable daily life. This explains its move from major malls to communities and business destinations, with focus on sustainability, operating quality, post-handover experience, and user flow analysis rather than the sales stage only.

• City Centre Almaza received the LEED Silver certification, placing sustainability within the company’s actual track record rather than broad promises that often appear in competitor content, especially when discussing modern commercial projects in Cairo, October, and the Egyptian market.
• The group achieved the Green Star rating for the eleventh consecutive year, reflecting consistent environmental performance across repeated assessment cycles rather than a one-year promotional appearance in scattered reports.
• The group maintained a low sustainability risk rating, which is important when assessing the institutional safety of a developer before buying a commercial or administrative unit inside a new project with clear future operating costs.
• The group owns assets worth USD 19 billion, giving its portfolio stronger capacity for long-term operation and better resilience across market cycles without quick pressure on new projects during expansion or repricing.

Projects by Majid Al Futtaim Developments

Majid Al Futtaim Developments owns a clear portfolio across Egypt, the Gulf, and Oman. Its most recognized names move between retail centers, business destinations, and residential communities across different scales over more than 30 years.

• Mall of Egypt.
• City Centre Almaza.
• City Centre Maadi.
• City Centre Alexandria.
• Junction October.
• Mall of the Emirates.
• Mall of Oman.
• Tilal Al Ghaf.
• Ghaf Woods.
• Al Mouj Muscat.