close

policy

We would like to invite you to continue a survey you have started. ...

Do you trust your insurer ?

Strongly agree
Agree
Disagree
Strongly disagree
Insurance provides peace of mind
Insurance is purchased only when compulsory
Terms and Conditions (small print) are clear and easily accessible
Insurance jargon (language) stands in the way of fully understanding each policy
Insurance companies try their best to uphold the details of the policy without cutting corners
Reducing risk, cutting costs and profits are more important to an insurance company than the customer
Insurance companies in the region are as professional as in other more developed markets
Gender
Age group
Do you feel your insurance provider works in your interest?
Have you had a rejected claim that you feel was not justified?
Do you trust your insurance provider?
Our Network

Register for our free newsletter

 
 
Latest News

Majid Al Futtaim to invest AED3 billion in Dubai

Iyad Malas, CEO, Majid Al Futtaim Holding
0

July 2, 2013 4:06 by



In a bid to support the “Dubai 2020” tourism vision, endorsed by HH Sheikh Mohammed Bin Rashid Al Maktoum, Vice President of the UAE and Ruler of Dubai, Majid Al Futtaim Holding announced major plans to invest AED3 billion on extending and enhancing its Dubai businesses over the next five years.

The plans include two new hotels developments; upgrading two existing hotels; enhancements to its flagship Mall of the Emirates and Deira City Centre shopping malls; opening four new Carrefour supermarkets and two new hypermarkets; as well as building a new 14-screen cinema complex.

The company is also evaluating options for the development of a new 50-store Community Mall in a residential area of Dubai.

According to the IMF forecast, the UAE economy is expected to achieve 3.6 per cent GDP growth in 2013. Al Futtaim holding has been experiencing good ROI in 2013. “We are experiencing 11 per cent growth in the number of people visiting our Dubai malls in 2013.  Average occupancy rates in our hotels achieved 81 per cent in Q1 2013,” says Iyad Malas, CEO of Majid Al Futtaim Holding.

Mall of The Emirates is undergoing extension, while its attached Kempinski Mall of The Emirates is also undergoing an upgrade. A new luxury branded hotel within Mall of The Emirates and Deira City Centre is also planned.

Moreover, The Pullman Deira City Centre hotel is undergoing a rebranding and refurbishment programme that will be completed later this year. The mall will also have new dining options, a new healthcare clinic and improved accessibility via the metro link.



0

Leave a Comment