Majid Al Futtaim announces contractor for forest living project in Dubai
Spanning 738,000m² off the Sheikh Mohamed bin Zayed Highway, near Global Village, the Ghaf Woods development is set to offer over 7,000 premium residences.
The development will feature Majid Al Futtaim's Distrikt, a multipurpose hub with retail and dining options.
The Dh1.7bn ($462m) contract with Innovo Build covers the construction of 13 buildings within the Celia, Serra, and Lacina clusters.
Innovo Build CEO Sameh Fam said: "We are proud to partner with Majid Al Futtaim to deliver the early phases of a development as visionary as Ghaf Woods - a project that reflects our shared commitment to innovation, sustainability and community-centric design.
"This project redefines traditional construction, and requires us to build in harmony with nature, not around it. Our team will approach this landmark development with the precision, care and focus on sustainability that cements us as a contractor of choice in UAE."
Ghaf Woods aims to redefine urban living by integrating nature into its design, promising a forest ecosystem that will outnumber residents, stated Majid Al Futtaim.
This 'Green Lung' is expected to deliver significantly cleaner air and cooler temperatures. The community will also offer wellness amenities such as walking trails, biking loops, pools, and fitness facilities, the company said.
The tree nursery is said to be a cornerstone of Ghaf Woods' sustainable vision, aiming to cultivate thousands of native and climate-resilient trees over the next 18 months.
The nursery currently features more than 10,000 trees, with plans to increase to 30,000. This will support the development's biophilic design.
Barari Natural Resources, a part of Mawarid Holding Investment, has been awarded a Dh49m contract to manage this nursery.
Majid Al Futtaim Properties CEO Ahmed El Shamy said: "The concept of Ghaf Woods has been years in the making with a vision for sustainable living at the core. Since its unveiling one year ago, there's been a clear and growing demand from people who are looking for communities that foster a deeper connection with nature and the environment.
"Our investment in a purpose-built tree nursery, and the partnership with Innovo Build, Barari Natural Resources and Mawarid Holding Investment, is a vital step in bringing this vision to life."
In a related development, Majid Al Futtaim appointed United Engineering Construction Company as the main contractor for two residential projects within the Tilal Al Ghaf community in Dubai.
"Majid Al Futtaim announces contractor for forest living project in Dubai" was originally created and published by World Construction Network, a GlobalData owned brand.
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09-06-2025
Dubai orders Mall of the Emirates owner to restructure its board
DUBAI, United Arab Emirates -- A special judicial committee in Dubai has reportedly ordered the parent company of one of the region's retail giants to restructure its board, trying to end years of turmoil after the death of its billionaire founder and secure the future of the owner of the Mall of the Emirates. The changes at Majid Al Futtaim come as Dubai tries to guide the family-run businesses that powered the city-state's growth in the United Arab Emirates through generational change. Authorities also likely want to avoid any further infighting that could slow down the growth of a firm that long has made hiring Emiratis a key goal. The Financial Times first reported on the changes to Majid Al Futtaim's board, saying it came at the orders of a government-established special judicial committee. In 2022, Dubai's ruler, Sheikh Mohammed bin Rashid Al Maktoum, established a special judicial committee to look after the estate of Majid Al Futtaim's founder — also named Majid Al Futtaim — following his death in 2021. Responding to questions Monday from The Associated Press, the company appeared to acknowledge the changes at Majid Al Futtaim Capital, which oversees its group of companies. The changes 'reflect a shareholder-led effort to evolve governance in line with the long-term interests of the Group,' the company said in a statement. 'These changes do not affect the operations or governance of Majid Al Futtaim Holding. Majid Al Futtaim continues to operate under an independent board and strong oversight.' Dubai's government did not respond to a request for comment. The Financial Times described Majid Al Futtaim's parent company as now being overseen by five government and four family representatives. Succession battles aren't unusual in the United Arab Emirates, where family-run businesses dominate private enterprise. Rulers have given merchant families broad control over different sectors in exchange for the promise of big investments and fast-paced development. But over the years, that economic strategy has caused headaches for authorities, who have intervened when patriarchs die and tensions between disgruntled relatives boil over. Majid Al Futtaim is a mainstay of the local consumer economy. It's also a giant in the broader Gulf Arab region, owning and operating prominent hotels, entertainment venues and shopping malls. Its portfolio includes the Mall of the Emirates, a major tourist draw in Dubai that houses the Middle East's first-ever indoor ski slope. It also runs regional franchises for global brands, including Lego. Majid Al Futtaim's revenues last year topped $9 billion. As crown prince in the 1990s, Sheikh Mohammed mediated a succession dispute between Al Futtaim, the founder, and a cousin. Al Futtaim used the funds from that settlement to start his namesake company.


San Francisco Chronicle
09-06-2025
- San Francisco Chronicle
Dubai orders Mall of the Emirates owner to restructure its board
DUBAI, United Arab Emirates (AP) — A special judicial committee in Dubai has reportedly ordered the parent company of one of the region's retail giants to restructure its board, trying to end years of turmoil after the death of its billionaire founder and secure the future of the owner of the Mall of the Emirates. The changes at Majid Al Futtaim come as Dubai tries to guide the family-run businesses that powered the city-state's growth in the United Arab Emirates through generational change. Authorities also likely want to avoid any further infighting that could slow down the growth of a firm that long has made hiring Emiratis a key goal. The Financial Times first reported on the changes to Majid Al Futtaim's board, saying it came at the orders of a government-established special judicial committee. In 2022, Dubai's ruler, Sheikh Mohammed bin Rashid Al Maktoum, established a special judicial committee to look after the estate of Majid Al Futtaim's founder — also named Majid Al Futtaim — following his death in 2021. Responding to questions Monday from The Associated Press, the company appeared to acknowledge the changes at Majid Al Futtaim Capital, which oversees its group of companies. The changes 'reflect a shareholder-led effort to evolve governance in line with the long-term interests of the Group,' the company said in a statement. 'These changes do not affect the operations or governance of Majid Al Futtaim Holding. Majid Al Futtaim continues to operate under an independent board and strong oversight.' Succession battles aren't unusual in the United Arab Emirates, where family-run businesses dominate private enterprise. Rulers have given merchant families broad control over different sectors in exchange for the promise of big investments and fast-paced development. But over the years, that economic strategy has caused headaches for authorities, who have intervened when patriarchs die and tensions between disgruntled relatives boil over. Majid Al Futtaim is a mainstay of the local consumer economy. It's also a giant in the broader Gulf Arab region, owning and operating prominent hotels, entertainment venues and shopping malls. Its portfolio includes the Mall of the Emirates, a major tourist draw in Dubai that houses the Middle East's first-ever indoor ski slope. It also runs regional franchises for global brands, including Lego.


Washington Post
09-06-2025
- Washington Post
Dubai orders Mall of the Emirates owner to restructure its board
DUBAI, United Arab Emirates — A special judicial committee in Dubai has reportedly ordered the parent company of one of the region's retail giants to restructure its board, trying to end years of turmoil after the death of its billionaire founder and secure the future of the owner of the Mall of the Emirates . The changes at Majid Al Futtaim come as Dubai tries to guide the family-run businesses that powered the city-state's growth in the United Arab Emirates through generational change. Authorities also likely want to avoid any further infighting that could slow down the growth of a firm that long has made hiring Emiratis a key goal. The Financial Times first reported on the changes to Majid Al Futtaim's board, saying it came at the orders of a government-established special judicial committee. In 2022, Dubai's ruler, Sheikh Mohammed bin Rashid Al Maktoum, established a special judicial committee to look after the estate of Majid Al Futtaim's founder — also named Majid Al Futtaim — following his death in 2021 . Responding to questions Monday from The Associated Press, the company appeared to acknowledge the changes at Majid Al Futtaim Capital, which oversees its group of companies. The changes 'reflect a shareholder-led effort to evolve governance in line with the long-term interests of the Group,' the company said in a statement. 'These changes do not affect the operations or governance of Majid Al Futtaim Holding. Majid Al Futtaim continues to operate under an independent board and strong oversight.' Dubai's government did not respond to a request for comment. The Financial Times described Majid Al Futtaim's parent company as now being overseen by five government and four family representatives. Succession battles aren't unusual in the United Arab Emirates, where family-run businesses dominate private enterprise. Rulers have given merchant families broad control over different sectors in exchange for the promise of big investments and fast-paced development. But over the years, that economic strategy has caused headaches for authorities, who have intervened when patriarchs die and tensions between disgruntled relatives boil over. Majid Al Futtaim is a mainstay of the local consumer economy. It's also a giant in the broader Gulf Arab region, owning and operating prominent hotels, entertainment venues and shopping malls. Its portfolio includes the Mall of the Emirates, a major tourist draw in Dubai that houses the Middle East's first-ever indoor ski slope. It also runs regional franchises for global brands, including Lego. Majid Al Futtaim's revenues last year topped $9 billion. As crown prince in the 1990s, Sheikh Mohammed mediated a succession dispute between Al Futtaim, the founder, and a cousin. Al Futtaim used the funds from that settlement to start his namesake company.