- Middle East Business News
Wednesday, 30 September 2020 10:15 UAE time
12#  The Al Shaya Family  - picture not available
12# The Al Shaya Family

Net Worth: US$ 5 Billion
Country of Residence: Kuwait
Industry: Retail
Companies: M.H. Alshaya Co
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One of the ‘godfathers' of retail in the Gulf, the irascible Mohammed Al Shaya is chairman of one of the region's leading business entities, with a wide range of interests including real estate, construction, hospitality, advertising and IT.

The Alshaya Group is the Middle East franchisee of a number of international companies including Starbucks, H&M, Foot Locker, Mothercare, Debenhams, River Island, Topshop, Office Depot and P.F. Chang's.

And while the consumer boom may have slowed in the wake of the economic downturn, Alshaya stores host millions of customers every week. That has not stopped him from sounding a note of caution, however - he has repeatedly urged family companies to spearhead the battle against the Middle East's impending job shortage.

Established in 1890, the Alshaya Group has in 15 markets across the Middle East, North Africa, Turkey, Cyprus, Russia, Poland, Slovakia and Czech Republic.

With over 1,700 stores, the group's retail arm employs more than 18,00 people.

Its other divisions - real estate, hotels, and automotive - own a wide portfolio of land, hotels including the Kuwait Sheraton and Medina Oberoi, and exclusive dealerships for Mazda and Peugeot in Kuwait.



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