Majid Al Futtaim, one of the Middle East’s leading lifestyle and retail groups, has unveiled ambitious plans to expand its footprint in Egypt. The company will invest USD 39 million (EGP 1.9 billion) in 2025, with a target of opening 300 new retail stores over the next five years.
The announcement was made by Mohamed Khafaga, Country Manager of Majid Al Futtaim Egypt, during the inauguration of the company’s 100th branch in the country.
A Strong Expansion Strategy
The investment signals the group’s confidence in Egypt as a strategic retail hub. By scaling up operations, Majid Al Futtaim aims to:
- ✅ Strengthen its retail presence with hundreds of new outlets across the country
- ✅ Support domestic supply chains by expanding sourcing partnerships with Egyptian businesses
- ✅ Boost Egypt’s role in contributing to the group’s overall revenue
This move comes as part of the group’s broader vision to grow in key regional markets while creating value for local communities.
Backing Local Industry
One of the cornerstones of Majid Al Futtaim’s Egypt strategy is its commitment to local sourcing. Today, the company offers over 25,000 products, with 99% sourced locally.
Its supply chain includes more than 800 Egyptian suppliers, ensuring sustainable partnerships that uplift domestic producers. This focus also helps strengthen national industries while providing customers with quality goods at competitive prices.
Additionally, Majid Al Futtaim exports Egyptian crops and textiles to 12 countries within its network. This highlights the international competitiveness of Egyptian products, positioning them strongly in global markets.
Balancing Growth and Contribution
With this new investment, the group also aims to increase Egypt’s contribution to its retail revenues. At the same time, it has pledged to maintain balanced investments in the country, ensuring that growth remains sustainable and inclusive.
So far, Majid Al Futtaim has invested nearly USD 2.5 billion in Egypt since 1998, spanning retail, real estate, and entertainment. The new $39 million plan adds to this long-term commitment, cementing Egypt as a cornerstone of its regional strategy.
About Majid Al Futtaim
Founded in 1992, Majid Al Futtaim is a Dubai-based conglomerate with a diversified portfolio across retail, real estate, leisure, and entertainment. Its operations span the Middle East, Africa, and Asia, with:
- ✅ 29 shopping malls
- ✅ 7 hotels
- ✅ 4 mixed-use communities
Through continuous expansion, the company has become a household name across multiple sectors, shaping the consumer and lifestyle experience in the region.