Majid Al Futtaim CEO Expects Things to Get Better in 2H of 2019

The video discusses the company's resilience and profitability in 2018 despite macroeconomic challenges. It highlights the importance of diversification and strategic planning. The outlook for 2019 is cautiously optimistic, with expectations of improved consumer sentiment due to government stimulus. The company plans to expand geographically and invest in technology and digital growth. Financing strategies include exploring market opportunities despite global credit conditions. Innovation and customer engagement remain key priorities.

What was a key factor in maintaining both top and bottom line growth in 2018?

• Higher product pricing

• Increased marketing expenditure

• Geographic and business model diversification

• Reduction in workforce

What is expected to improve consumer sentiment in the Gulf region?

• Increased taxes

• Rising unemployment

• Government stimulus and economic measures

• Decreasing oil prices

How does the company ensure its strategic plans remain valid?

• By reducing investment in new projects

• By periodically reviewing plans against market conditions

• By focusing solely on cost-cutting measures

• By expanding only in existing markets

Which region is the company planning to expand into?

• Western Europe

• South America

• North America

• East Africa

What is the company's approach to digital growth?

• Becoming as prominent digitally as physically

• Reducing digital investments

• Investing in traditional retail spaces

• Focusing on physical store expansion

What innovative strategy did the company recently announce?

• Expanding into fast food

• Introducing drone delivery

• Launching sailing supermarkets

• Opening new malls

What is the primary goal of the sailing supermarkets?

• To strengthen customer partnerships and innovation

• To compete with online retailers

• To reduce operational costs

• To increase profit margins