WASHINGTON: Daily News Egypt interviewed Chief Human Capital Officer at Majid Al Futtaim Holding, Mouien Al Madhoun, to talk about the company’s strategy in capacity building of employees during its career fair in Cairo on 4 June.
The career fair aimed to select 4,000 employees for its new Mall of Egypt, which will be inaugurated in September. Forty leading retail companies and brands participated in the fair, including Vodafone, Orange, Mazaya, Cook Door, and other brands.
The total profits of Majid Al Futtaim Holding amounted to about $1bn by the end of last year. Egypt represents 6% of the size of the company’s business in the region. The company’s revenues were re-pumped in the form of new projects and investments. The company plans to expand locally in some Egyptian governorates, most particularly Cairo and Alexandria, through the establishment of commercial malls and launching branches of Carrefour.
The company allocated about EGP 2bn for the development of City Centre Maadi. The company is currently reviewing the design and development study. The period of study may take between 12 months to 18 months, and development operations will begin immediately after the completion of the study phase.
