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    Majid Al Futtaim targets India

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    Dubai-based major is planning to enter India and is in the process of identifying a local partner for building shopping malls, residential properties and other commercial spaces.

    Confirming the news, Younis Al Mulla, VP, business development, Majid Al Futtaim, said: “We are studying the Indian market and soon have a place in the country. India is the company’s target and we need to set up operations in the next one or two years.”

    Informing plans, Mulla said: “We are visiting India again in June to organise road shows in major cities including Bengaluru, Delhi, Mumbai and Goa.” A team from the company had already visited India in March and have held discussions with various companies.

    The company has a retail arm under the brandname MAF Retail and operates Majid Al Futtaim Hypermarkets, a joint venture company with the world’s second largest retailer .