Majid Al Futtaim CEO: Retail Growth in Saudi Arabia

The transcript discusses the company's growth in revenue and profitability, despite currency devaluations. It highlights cost management strategies, including job cuts, and focuses on the thriving residential market in Dubai. The discussion extends to mall operations, tenant dynamics, and investment strategies in Saudi Arabia. The impact of currency devaluation on the Egyptian market is also covered, emphasizing the company's long-term commitment to growth in various regions.

What factors contributed to the profitability boost mentioned in the text?

How has the residential market in Dubai changed compared to the previous peak in 2014-2015?

What role does tourism play in the growth of the Dubai market?

How is the demand for residential products characterized in the current market?

What is the significance of the $4 billion project mentioned in the text?

What strategies are being employed to ensure sustainable long-term growth?

What challenges are faced in the retail business due to currency devaluations?