Al-Futtaim Malls launches new third party management services company to elevate retail landscape across MENA

Al-Futtaim Malls already has a proven track record of creating both sustainable revenue growth and value enhancement for investors

  
Al-Futtaim Malls launches new third party management services company to elevate retail landscape across MENA

Dubai, UAE: Al-Futtaim Malls today announced the launch of PLEX Management Services company, to assist landlords and transform the retail landscape across the MENA region. PLEX will focus on supporting businesses in the complete management of retail destinations in countries including UAE, Egypt, Qatar, Saudi Arabia and Morocco with the vision to expand across the GCC and Asia.

Al-Futtaim Malls already has a proven track record of creating both sustainable revenue growth and value enhancement for investors, while delivering exceptional experiences and exciting shopping environments for customers. Leveraging on the expertise of its parent company, PLEX Management Services will offer a full array of services including asset management and development, leasing, and brand experience expertise to shopping malls and retail organizations in the MENA region and beyond. Implementing global best practice and deploying Al-Futtaim Mall’s deep understanding of mall management and retail dynamics, PLEX promises to deliver continuous growth and long-term value for its partners. 

Timothy Earnest, Group Director Al-Futtaim Malls had this to say: “As a family-owned business and a business deeply rooted in the success of the region, we take a long-term view in everything we do, because we believe that sustainable success requires uncompromising commitment. The Al-Futtaim Group has significantly expanded its business operations through a strategic acquisition plan and has entered several territories, increasing its footprint beyond the GCC and Greater Middle East to encompass, Asia and East Africa. With the launch of our new company, PLEX Management Services, we are continuing to grow and expand, further diversifying our offering to be able to deliver on our commitment to enrich the lives of our customers every day across more of the region by delivering truly exceptional retail offerings.”  

With a team of seasoned industry experts, Al-Futtaim Malls has a deep understanding and knowledge of retail - both from a shopper’s point of view but also as curators of space and landlords to other brands. Al-Futtaim has a directly managed portfolio including over 9 million sq ft of retail space across four Malls in the region and two under development. It is part of the Al-Futtaim Group, one of the most diversified and progressive, privately held regional businesses.

About Al-Futtaim Malls 

Al-Futtaim Malls provides development and asset management expertise, specializing in building retail-led super regional malls in prime locations across MENA and beyond. With a proven track record of creating both sustainable revenue growth and value enhancement for tenants, Al-Futtaim Malls delivers exceptional experiences and exciting shopping environments for customers. 

Part of the Al-Futtaim Group, Al-Futtaim Malls leadership team brings more than 30 years of experience and a deep understanding and knowledge of the retail sector, both from a shopper’s point of view but as curators of space or landlords to other brands. The company has a directly managed portfolio including over 9 million sqft of retail space across four malls in the MENA region and two under development. Malls under the Al-Futtaim Malls portfolio include Dubai Festival City Mall and Festival Plaza in the UAE, Cairo Festival City Mall in Egypt and Doha Festival City in Qatar.

For more information on Al-Futtaim Malls, please visit https://www.al-futtaimmalls.com/ 

About Al-Futtaim

Established in the 1930s as a trading business, Al-Futtaim Group today is one of the most diversified and progressive, privately held regional businesses headquartered in Dubai, United Arab Emirates. Structured into five operating divisions; automotive, financial services, real estate, retail and health; employing more than 42,000 employees in more than 20 countries in the Middle East, Asia and Africa, we partner with over 200 of the world's most admired and innovative brands. Al-Futtaim’s entrepreneurship and relentless customer focus enables the organization to continue to grow and expand; responding to the changing needs of our customers within the societies in which we operate. By upholding our values of respect, excellence, collaboration, integrity; Al-Futtaim continues to enrich the lives and aspirations of our customers each and every day. For more information visit: www.alfuttaim.com

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