Majid Al Futtaim's CEO Says 2018 Going to Be a Good Year

The transcript discusses the company's performance in 2017, highlighting growth and challenges due to market volatility and currency devaluations. It outlines the outlook for 2018, emphasizing structural changes in key markets like Egypt and Saudi Arabia. The impact of VAT on consumer confidence and spending is analyzed, with a focus on effective pricing strategies. Expansion plans in the region, including retail and cinema sectors, are detailed, along with acquisition strategies. Geopolitical risks and economic factors, such as the impact of the dollar and regional tensions, are also addressed.

What was a significant challenge faced by the company in 2017?

• Supply chain disruptions

• Increased competition

• Currency devaluations

• High inflation rates

What is expected to positively impact business performance in 2018?

• Decrease in consumer spending

• Reduction in workforce

• Structural reforms in major markets

• Introduction of new taxes

How did the company manage the impact of VAT on consumer confidence?

• By cutting down on marketing expenses

• By implementing a well-thought pricing strategy

• By reducing product quality

• By increasing prices significantly

Which region is the company planning to expand into further?

• South America

• East Africa

• Western Europe

• North America

What is a key factor influencing the company's acquisition strategy?

• Availability of cheap labor

• Opportunistic market conditions

• High interest rates

• Strict government regulations

What geopolitical issue was highlighted as a concern in 2017?

• Trade wars with China

• Missiles flying over Riyadh

• Brexit negotiations

• North Korean nuclear tests

What is the company's strategic focus outside of the Gulf region?

• Eastern Europe

• Central America

• East Africa

• South Asia