Exclusive: MAF Properties CEO George Kostas On Dubai's Retail High » Gulf Business:
"With 17 operational malls across the MENA region, UAE-based Majid Al Futtaim Properties (MAF Properties) is firmly established as one of the foremost mall operators in the region.
But the company is aspiring for much more, with plans to diversify and be recognised as one of the leading property players across the MENA region within the next few years, with operations in malls, hotels, mixed-use developments and project management.
The plan is part of the wider $5 billion expansion strategy revealed by MAF Properties’ parent conglomerate, Majid Al Futtaim Holding (MAF) late last year. Under the five-year plan, Dubai-based MAF aims to double its business to $12 billion by 2018, driven by new malls opening in Saudi Arabia and Egypt, residential projects in Lebanon, hypermarkets, cinemas and family entertainment centre openings."
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