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These are the world's richest Arabs

Middle East News
Wed, 13 Apr 2016
GDN Online Desk
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Middle East News: These are the world's richest Arabs
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(Reuters)

9) ABDULLA AL FUTTAIM

Net Worth: $3.1 Billion

Source of wealth: Auto dealers, investments; self-made

Country of Citizenship: United Arab Emirates


Abdulla Al Futtaim owns conglomerate Al Futtaim Group, which is run by his son Omar. It is the exclusive distributor of Toyota and Honda vehicles in the United Arab Emirates, and sells Toyotas in Egypt. In addition to its automotive business, Al Futtaim owns the franchises for Ikea, Toys "R" Us, and Marks & Spencer, which anchor its real estate developments, including Dubai Festival City and Cairo Festival City.

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