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PLEX Management Services will target such deals not just in the UAE, but elsewhere in the region. Al-Futtaim Malls operates the ‘Festival’ branded malls in Dubai. “The Al-Futtaim Group has significantly expanded its business operations through a strategic acquisition plan and has entered several territories, increasing its footprint beyond the GCC and Greater Middle East to encompass, Asia and East Africa,” said Timothy Earnest, Group Director Al-Futtaim Malls.
“With the launch of PLEX, we are continuing to grow and expand, further diversifying our offering.”
Al-Futtaim has a directly managed portfolio that includes 9 million plus square feet of space across four malls in the region and with two under development.