The retail experience is one of the pillars that defines the Dubai landscape and one that the emirate's largest companies are exporting across the Middle East and North Africa.
One of the prime movers in this landscape is Majid Al Futtaim Properties, which aims to be the region's shopping mall specialist. MAF Properties honed its skills on malls such as Deira City Centre and Mall of the Emirates and, under the stewardship of chief executive Peter Walichnowski, has expanded to Bahrain, Oman, Egypt, Syria and Lebanon, among other nations.
Hotels and mixed-use developments form the other pillars on which MAF Properties' revenues rest, but malls remain the main driver of growth. The company says it welcomes more than 107 million customers a year at its 10 City Centre malls across the region. This is expected to see a quantum leap as it opens more.
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