• Majid Al Futtaim plans USD 39M in investments in Egypt during 2025, with a long-term target of 300 new retail stores.
• The company exports Egyptian crops and textiles to 12 countries, highlighting the competitiveness and quality of locally produced goods.
• With 99% of products sourced locally, the group supports 800 suppliers while boosting Egypt’s role in group revenues.

Majid Al Futtaim

Majid Al Futtaim intends to allocate USD 39 million (EGP 1.9B)  in investments during 2025. This was disclosed by Mohamed Khafaga, Country Manager at Majid Al Futtaim Egypt, at the sidelines of the inauguration of the company’s 100th branch in Egypt.

Founded in 1992, Majid Al Futtaim is an Emirati-owned, diversified lifestyle conglomerate operating across the Middle East, Africa and Asia. It owns and operates 29 shopping malls, 7 hotels and four mixed-use communities.

He also discloses that the retail group aims to open 300 new outlets for its brands over the next five years. This is in an attempt to strengthen its presence in Egypt’s retail sector as it is a key hub for its operations.

The retail company currently exports Egyptian products including agricultural crops and textiles  to 12 countries within the group’s network. This is in reflection of the competitiveness and high quality of these goods.

Retail

As a whole the company offers more than 25 thousand products, 99% of which are locally sourced. This is through partnerships with over 800 local suppliers. With this, it intends to support domestic industry and strengthen supply chains.

Additionally, it seeks to increase the contribution of the Egyptian market to the group’s retail revenue. Meanwhile it also aims to maintain balanced investments in Egypt in the upcoming period.

So far, the group’s investments in Egypt have reached around USD 2.5 billion since 1998. This is across retail, real estate development, and entertainment sectors.