Partnership between Marks and Spencer plc (UK) and the Al Futtaim Group.
The Al Futtaim Group, founded over 70 years ago, is one of the most respected corporations in the lower Gulf Region. It operates collectively over 40 companies bearing the Al-Futtaim name, dominating many market segments in the UAE.
Structured into seven operational divisions; automotive, electronics, engineering and technologies, retail, financial services, general services, real estate and joint ventures, Al-Futtaim maintains a decentralised approach, giving individual businesses flexibility and versatility to maintain a competitive stance.
The success of the Al-Futtaim Group can be attributed to a business approach that combines the ability to change with the traditional values of integrity, service and social responsibility that define its core business philosophy. This, linked with the Group’s belief in decentralisation, gives the heads of the operating companies a high degree of functional autonomy and authority, providing the Group with essential flexibility, and individual employees a clearly defined work culture and sense of responsibility.
The Al-Futtaim Group represents many of the world’s leading brands, including Toyota, Lexus, Honda, Volvo, Chrysler, Jeep and Dodge, Panasonic, Toshiba, Sanyo, Aftron, Alcatel, IKEA, Ace, Marks & Spencer, Toys R Us, Seiko, Raymond Weil, Westar, Kolber and Minato Pearls.
The latest, most innovative development undertaken by Al-Futtaim is Dubai Festival City – a city within a city that covers 1,600 acres and stretches along 4km of the Dubai Creek shoreline.
This unique waterfront development is destined to become a globally renowned destination, offering an eclectic, world-class mix of entertainment, dining, shopping, a marina, hotels, residential and office components. Dubai Festival City’s 18-hole championship standard Al Badia Golf Course has now opened to VIP invitational play and the feedback has been extremely positive with some guests declaring it “the best they’ve ever played.” Pay-and play will now be phased in gradually over the coming months