38°C
February 18, 2025
News UAE

UAE: According to Majid Al Futtaim CEO, Consumer Spending is Expected to Increase in 2025

  • January 23, 2025
  • 2 min read
UAE: According to Majid Al Futtaim CEO, Consumer Spending is Expected to Increase in 2025

According to Majid Al Futtaim (MAF) Holding CEO Ahmed Galal Ismail, consumer confidence is rebounding and the spending forecast “is definitely positive” throughout the Mena region. Ismail claimed that MAF has their “fingers on the pulse in terms of consumption and what is really happening on the ground” because the company serves 600 million clients annually in 15 regions throughout Mena and East Africa.

The year 2025 should be progressively better,” the MAF CEO stated during his speech at the World Economic Forum 2025. Extreme geopolitical events, devaluation in many of the regions where we operate, reasonably significant inflation, and peak interest rate costs in 2024 are all behind us. Thus, 2025 ought to be comparatively better.

The Dubai-based company, which employs more than 42,000 individuals from more than 110 countries, has holdings in a variety of industries, including retail, hotel, real estate, entertainment, project management, and facilities management.

In terms of demography, we are on the right side. The movement of capital, international trade, etc., is centred on us. All of the GCC’s balance sheets are solid, and the energy shift has benefited the region as a whole,” he stated.

The area produces the least expensive barrel of oil. The region has the lowest feed-in tariff for solar. When you combine intellect, enthusiasm, and finance, we ought to be at the forefront of the artificial intelligence (AI) revolution. That ought to set us on a course for long-term prosperity.

Also Read:

The Morld’s most Affluent Shopping avenue is no Longer Fifth Avenue in New York, but Rather Milan’s Via Monte Napoleone

Trump Declared his Intention to cancel Birthright Citizenship

Leave a Reply

Your email address will not be published. Required fields are marked *