The company subscribes to the doctrine of decentralisation and delegation in the organisation of its corporate structure. This policy is exemplified by the structure of the five core divisions of the Al-Futtaim organisation.
Automotive
Electronics
Retail
Finance Services
Real Estate
These divisions collectively operate over forty companies bearing the Al-Futtaim banner.
In addition to a host of service oriented companies such as Al-Futtaim Logistics, Al-Futtaim Engineering and Hertz rent a car, the Al-Futtaim Group represents international brands such as: Toyota, Lexus, Honda, Volvo, Chrysler, Jeep, Dodge and Ram.
In the electronics sector, it handles a broad range of brands including National, Panasonic, Technics, Toshiba, Sanyo, Aftron and Alcatel.
In the retail industry the Group is identified with such brands as Ikea, Ace Hardware, Marks & Spencer and Toys R Us. This is in addition to watch brands like Seiko, Raymond Weil, Westar and Kolber.
The latest development by Al-Futtaim is the Dubai Festival City – a "city within a city" that is being developed on a 1,200-acre site that stretches along 4km of Dubai Creek from the base of the Al Garhoud Bridge.
This unique waterfront development promises a centre-place destination for Dubai and the region with its eclectic, world-class mix of entertainment, dining, shopping, a marina, hotels, residential and office components. Construction is now scheduled to commence with the first phase of development due to be completed in 2006
History
The Al-Futtaim Group, founded over 70 years ago, has long established itself as one of the leading business groups in the region.
The early days saw the group operating essentially as a trading enterprise. Pearls, textiles, foodstuffs and timber formed the foundation of Al-Futtaim′s initial trading enterprise. The forties and fifties saw the company extend its capacity and scope of operations. The most obvious example of this expansion was the introduction of Japanese automobiles into the United Arab Emirates in 1955.
A diverse range of strategically positioned operating subsidiaries and associate companies gives the Group the versatility that is essential to keep ahead of local competition and to retain parity with increasing competition from international organisations.
Today, a work-force numbering upwards of 10,000 and forever on the increase, is drawn from over forty nations and engages in a myriad of activities which include automotive, electronics, retail, insurance, civil engineering, computing, furnishings, hardware, advertising, construction, light and heavy engineering, ship repair, steel fabrication, real estate and property development,
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UAE \ Private Large Commercial Companies \ Al-Futtaim Group
