"Al-Futtaim Group, one of the main pillars of Dubai’s economy, is set to invest up to $1bn in the next few years amid an overseas expansion drive.
The family-owned conglomerate, whose roots go back to the 1930s, has, like Dubai’s other major merchant families, grown in tandem with the city.
Al-Futtaim, best known as the UAE’s Toyota distributor, has over the past decade been charting an expansion from regional to global conglomerate. It now operates in 29 countries across the Middle East, Africa and Asia, with 44,000 employees. Having weathered the global financial crisis and regional revolts, helped by a diversified base, Al-Futtaim is now looking at as many as 40 acquisitions, five of which are advanced."
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