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

1. Biography of Abdul Al-Futtaim
2. Early Life and Career
3. Construction Projects
4. Expansion and Success
5. Net Worth

Biography of Abdul Al-Futtaim

Abdul Al-Futtaim is the owner of the Al Futtaim Group, one of the largest companies in the United Arab Emirates. The company consists of 43 diverse subsidiaries and affiliates, with branches in various sectors such as automobiles, electronics, retail, insurance, industry, and real estate. Al Futtaim Group represents renowned brands including Toyota, Lexus, Chrysler, IKEA, IBM, Toshiba, Panasonic, Alcatel, Hertz, and Kolber. The company contributes 15% to Dubai's GDP.

Early Life and Career

Abdul Al-Futtaim inherited his wealth from his father and currently resides in Dubai, UAE, with his family. In the year 2000, he established his conglomerate, focusing on automobile sales and retail. Al-Futtaim's companies are distributors for brands like IBM, Ikea, and Toyota. Additionally, his companies are involved in real estate ventures.

Construction Projects

Abdul Al-Futtaim plays a significant role in the development of Dubai's resort, which is set to be completed by 2015. The project has an estimated cost of $15 billion. Furthermore, Al-Futtaim's construction branch plans to build a grand resort in Syria, with a project cost of $1 billion.

Expansion and Success

The Al Futtaim Group was founded in the 1930s and has since expanded its presence to over 40 countries, including Bahrain, Kuwait, Oman, Qatar, and Egypt. They also have business interests in Pakistan, Singapore, and several European countries. The company's construction branch is involved in the development of golf courses and water parks.

Al Futtaim Group achieved global recognition as the leading seller of Honda automobiles, reaching a record level in 2005. Abdul Al-Futtaim's business empire also includes numerous stores that specialize in portable computers, copiers, projectors, and communication systems. The company has its own electronics brand called "Aftron."

Net Worth

Currently, Abdul Al-Futtaim's net worth is estimated at $2 billion, making him one of the wealthiest individuals in the Middle East. He ranks 605th on Forbes' list of the world's richest people.