Abdulla Al Futtaim Owner of the company "Al Futtaim Group". Country: UAE

1. Abdulla Al Futtaim: The Owner of Al Futtaim Group
2. Biography of Abdulla Al Futtaim
3. Al Futtaim Group: A Diversified Conglomerate

Abdulla Al Futtaim: The Owner of Al Futtaim Group

Abdulla Al Futtaim is the owner of the renowned company, Al Futtaim Group, which is one of the largest conglomerates in the United Arab Emirates. The company consists of 43 diverse subsidiaries and affiliate companies that operate in various sectors including automotive, electronics, retail, insurance, industry, and real estate. Al Futtaim Group represents well-known brands such as Toyota, Lexus, Chrysler, IKEA, IBM, Toshiba, Panasonic, Alcatel, Hertz, and Kolber. This prominent company contributes 15% to Dubai's GDP.

Biography of Abdulla Al Futtaim

Born and raised in Dubai, United Arab Emirates, Abdulla Al Futtaim inherited his immense wealth from his father. With a fortune estimated to be worth $2 billion, Abdulla Al Futtaim is considered one of the wealthiest individuals in Asia. He currently resides in Dubai with his family.

In the year 2000, Abdulla Al Futtaim established his own conglomerate that focused on automobile sales and retail trade. His companies serve as distributors for renowned brands such as IBM, Ikea, and Toyota. Additionally, his business ventures include real estate development. Abdulla Al Futtaim plays a significant role in the construction of a grand resort in Dubai, with an estimated cost of $15 billion. The resort is expected to be completed by 2015.

Al Futtaim Group: A Diversified Conglomerate

Al Futtaim Group, founded in the 1930s, has expanded its operations globally and now has a presence in over 40 countries, including Bahrain, Kuwait, Oman, Qatar, and Egypt. The company also has business interests in Pakistan, Singapore, and several European countries.

The construction arm of Al Futtaim Group has plans to establish a magnificent resort in Syria, with a project cost of $1 billion. Abdulla Al Futtaim gradually invests his wealth on a local scale, including the control of golf courses and water parks. Moreover, Al Futtaim Group has achieved global recognition as a top seller of Honda automobiles, reaching a record level of sales in 2005. Additionally, Abdulla Al Futtaim owns numerous stores that specialize in the sale of portable computers, copiers, projectors, and communication systems. The company also has its own electronics brand, known as "Aftron".

With a net worth of $2 billion, Abdulla Al Futtaim stands as one of the wealthiest individuals in the Middle East. He was ranked 605th on Forbes' list of the world's richest people. Abdulla Al Futtaim's success story is a testament to his entrepreneurial spirit and dedication to expanding his business empire.