The Al-Futtaim Group is a family-run conglomerate founded in the 1930 in the Unites Arab Emirates.
It has interests in multiple sectors including Financial Services, Retail, Health and Real Estate though it is primarily known for its dominance in the automotive sector with its monopoly on Toyota distribution.
The company is owned by Abdulla Al Futtaim and is run by his son Omar Al Futtaim who has been the Vice Chairman since 2001. The Al Futtaim family divided its business interests in 2000 with Abdulla Al Futtaim controlling the Al-Futtaim Group and his cousin, Majid, controlling the Majid Al-Futtaim Group.
History
In 1955 Al Futtaim Motors was established in the UAE to distribute Toyota and in 1971 Trading Enterprises was formed to handle the distribution of Hondas. In 1975 a deal was struck with Volvo and in 1984 Al-Futtaim Auto & Machinery Company (FAMCO) was formed to distribute Volvo construction equipment. In 1986 they became the UAE distributor of American vehicle brands Chrysler, Jeep, Dodge, RAM and SRT.
In 1998 the company made headway into the retail sector with the introduction of Marks & Spencer in the UAE. In 2005 the Marsa Automotive Park opened while Festival City Mall, with Ikea as its anchor store, was nearing completion. In 2007 Marks & Spencer opened at Festival City Mall, its largest store at outside of the United Kingdom at the time.
The group owns and operates a number of companies including:
Al-Futtaim Motors
Al-Futtaim Motors is the exclusive distributor for Lexus, Toyota forklifts and Hino trucks. They currently operate 15 Toyota showrooms in the UAE, three of which are located in Dubai.
Trading Enterprises
Trading Enterprises is the exclusive distributor of Chrysler, Dodge, Ram, Volvo, Honda, Polestar in the UAE as well as Jeep in Dubai and the Northern Emirates.
Al-Futtaim Auto & Machinery Company (FAMCO)
Established in 1978, FAMCO is the sole UAE distributor for Volvo trucks, buses and construction equipment, and for manufacturers Yanmar, Doosan, Himoinsa, Merlo and Linde.
Dubai Festival City
The Al-Futtaim Group developed a masterplan for a large mixed-use real estate development on the Dubai Creek with a championship Al Badia golf course and a large shopping mall, Festival City Mall. The golf course was completed in 2005 and a number of residential communities have since been built surrounding it.
Al-Futtaim Logistics
Futtaim Logistics offers a range of supply chain management solutions including freight, warehousing, automotive logistics, corporate transportation, relocations, exhibition logistics,
Their areas of expertise covers automotive and machinery, retail, electronics, high tech, humanitarian, military, cargo, heavy lift, break bulk and engineering.
According to the company's website they manage over 1.2 million square meters of warehousing and yard space.
Real Estate
Dubai Festival City is the flagship real estate endeavour of Al Futtaim Group, a huge mixed-use residential, commercial and hospitality district on the east bank of the Dubai Creek.
Al-Futtaim Group In the news
Construction Business News, 19th Jun 2023
Construction Business News, 30th Jan 2023
Gulf News, 8th Dec 2022
Arabian Business, 12th Jul 2022
Construction Business News, 27th Jun 2022
Construction Week, 20th Mar 2020
Dubai Projects
