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Founded in 1992, Majid Al Futtaim is the leading shopping mall, communities, retail and leisure pioneer across the Middle East, Africa and Asia. In that time, it has grown into one of the United Arab Emirates’ most respected and successful businesses spanning 15 international markets, employing more than 43,000 people, and obtaining the highest credit rating (BBB) among privately-held corporates in the region.
A long-term investor and strategic partner, Majid Al Futtaim continues to assess investment opportunities in local, regional and international start-ups with the objective of:
- Driving digital transformation within the company’s core businesses by acquiring enabling capabilities
- Unlocking value potential in existing and new businesses and offering differentiated customer experience
- Fueling Majid Al Futtaim Technology by accessing technology native talent and expertise
Majid Al Futtaim has a track record of successful investment in start-ups which provide value to its core businesses, including last mile delivery provider, Fetchr, mobile payment solution, Beam Wallet and e-commerce platform, Wadi.
Moreover, as part of MAF's ambition to grow into new verticals with a capital light approach, while leveraging their ecosystem, MAF has partnered with MrUsta - An After Sale and Home Services startup in the Region. This partnership allows MAF to expand into an adjacent business that has an impact on customer experience.
The company has also recently invested in I.AM+ to bring its Omega contextual voice assistant software to the Middle East for the first time, as well as immersive reality experience, Dreamscape Immersive which will be introduced to customers in the UAE in 2019.
Location Dubai, United Arab Emirates (UAE)
Deployed Capital N/A
Corporate Type Corporate VC (CVC)
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