Dubai PR Network, Online Press Release from Dubai and Middle East
 
Mall, Retail & Hospitality(Real Estate & Retail)
Filter PR by
  
Majid Al Futtaim Joins World Retail Congress as Key Partner for Second Consecutive Year
 

Dubai, UAE, February 7, 2017:  Majid Al Futtaim, the leading shopping mall, communities, retail and leisure pioneer across the Middle East, Africa and Asia, today announced it will be the key partner of the World Retail Congress for a second consecutive year. The 11th edition of the Congress, which is the world’s largest retail event, will be held in Dubai from 4 to 6 April 2017 under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, and Ruler of Dubai. 

Alain Bejjani, Chief Executive Officer, Majid Al Futtaim – Holding said: “The World Retail Congress is the leading platform for networking and discussing critical factors shaping the future of our exciting, dynamic and important industry, while showcasing the best of our business and region to the world. We are therefore delighted to renew our partnership alongside Dubai Chamber of Commerce and Industry in 2017 and look forward to once again welcoming international retail leaders to Dubai in April.”

World Retail Congress 2017 will take place at Madinat Jumeirah and carry the theme of ‘reimagining the customer experience’. Across the three days of the Congress, more than 1,500 attendees will gather to hear from industry legends and thought-leaders including Chairman of Macy’s, Terry Lundgren and Former CEO of Richemont Fashion and Accessories, Marty Wikstrom as well as emerging retail disruptors from Soko, Lesara and Myntra. As part of the programme, Alain Bejjani, Chief Executive Officer at Majid Al Futtaim – Holding, will join other world renowned industry experts on a panel to discuss the ‘new era of experiential retailing’. 

Majid Al Futtaim is part of the fabric of Dubai’s retail landscape, having transformed the face of the industry in the region just over two decades ago by introducing the model for integrated retail and entertainment. Dubai’s retail sector has since witnessed remarkable growth and, according to real estate consultancy firm CBRE, the emirate is now the second most important international shopping destination in the world after London – an accolade it has held for the last two years. According to independent research commissioned by Majid Al Futtaim, total retail spend in Dubai stood at USD 21.8 billion in 2016 and is set grow by a further 9.5% per annum (CAGR) up to 2021. 

Since the World Retail Congress was held in Dubai last year, Majid Al Futtaim has continued to register significant growth of its own driven by the addition of several new hypermarkets, supermarkets and family entertainment centres across its geographic footprint. The company ended FY 2016 with a revenue of AED 29.9 billion, up 9% on FY 2015. Majid Al Futtaim has also made significant progress with its expansion plans across Saudi Arabia, Oman, the United Arab Emirates and Egypt, and will open Mall of Egypt in March this year.  The mall will be home to the first indoor ski slope on the continent of Africa and the country’s first VOX Cinemas.

Ian McGarrigle, World Retail Congress chairman said: “We are excited to renew our partnership with Majid Al Futtaim and the Dubai Chamber of Commerce and Industry for the 11th World Retail Congress. With this year’s event focused on re-imagining the customer experience and increased demand for retailtainment globally, we can’t think of a more fitting setting than Dubai and a more suitable partner than Majid Al Futtaim. We look forward to working together to make World Retail Congress 2017 the most successful edition yet.”

The World Retail Congress was founded in 2007 in response to retailers seeking a platform for senior leaders to come together to discuss the major issues and trends affecting the industry. Held annually, the Congress attracts leading industry stakeholders from retail, global economics, politics, finance and NGOs to discuss the challenges and opportunities in the global retail market.

Posted by : Dubai PR Network Editorial Team
Viewed 6625 times
PR Category : Real Estate & Retail
Posted on : Tuesday, February 07, 2017  5:00:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : Bawabat al Sharq Mall's First Edition of "Bareezat Abu ...
Next Story : Spoil your loved one this Valentine's Day with BurJuman
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
Elizabeth Arden: White Tea fragrance [12346-Views]
Introducing NEW Olay Regenerist Microsculpting Cream SPF30 [12151-Views]
Elizabeth Arden: Eight Hour® Miracle Hydrating Mist [11907-Views]
Celebrate Life's Key Moments with Mouawad Jewelry [11645-Views]
Gucci Eyewear Spring/Summer 2017 [11254-Views]
IKEA Spreads Cheer on International Day of Happiness [9662-Views]
Lose the Back Pain at Work [8162-Views]
SAINT HONORE introduces the first watch made out of steel from the Eiffel Tower [7893-Views]
World's Best Family SUV – the All-New Land Rover Discovery Makes its Debut in the United A... [7515-Views]
Grand Optics Celebrates 20 Years in the Middle East [7088-Views]
Malabar Gold & Diamonds receives ‘Best Jewellery Brand Award' from India Bullion and Jewel... [6826-Views]
Bottega Verde Introduces The New Splendida Skin Care Line! [6814-Views]
QNET Celebrates World Water Day 2017 with HomePure [6173-Views]
Versace Fall/Winter 2016-2017 Collection Preview [6143-Views]
INSIGHT a natural inspiration, essential choice and passion for hair [6118-Views]
TKD Lingerie: Top 5 lingerie trends from the past five years [6039-Views]
Siemens to help develop Qataris' tech skills [5893-Views]
Taste the best of the world at Lulu Hypermarket World Food Expo 2017 [5862-Views]
Celebrate the start of the spring with Lexus Select Event [5795-Views]
Massimo Dutti Spring/Summer'17 Campaign – Summer Echoes [5667-Views]
Etihad Airways Crowns Winner of ‘Taste the World' at Taste of Hong Kong [5545-Views]
New spa experience offers visitors to Beautyworld Middle East 2017 a memorable voyage of f... [5502-Views]
Ulysse Nardin: Classic Sonata combining classical beauty with pure functionality. [5362-Views]
Malabar Gold & Diamonds' launched its 172nd showroom in Ballari, Karnataka, India [5307-Views]
Marks & Spencer Hot Cross Bun [5252-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories