Text size:

  • Small
  • Normal
  • Large

Top Majid Al Futtaim executive is quitting — again

Peter Walichnowski, who led the development of Dubai's Mall of the Emirates, is stepping down from his post for the second time in seven years.

Peter Walichnowski, who led the development of Dubai's Mall of the Emirates, is stepping down from his post at Majid Al Futtaim for the second time in seven years.

Majid Al Futtaim Properties has started a global headhunter search to find a replacement for him. Mr Walichnowski plans to step down as chief executive in March.

The Australian property high-flyer has led the development of two of the most successful shopping and leisure destinations in the world, Mall of the Emirates in Dubai, the world's secondlargest shopping centre, and the Bluewater shopping centre in Kent, southern England.

He told The National that he had given his notice in September and planned to quit the Arabian Gulf, possibly to take up a new post in the United States.

The move will come as a blow to MAF, which is currently putting the finishing touches on its 160,800 square metre The Mall of Egypt shopping centre in Cairo and its delayed 60,000 sq metre Beirut City Centre mall in Lebanon.

Mr Walichnowski, a well-known figure on the global property scene, first joined MAF in 2002 as the chief executive of MAF Investments.

He left MAF three years later to set up his own company, Skylan Properties, that operated in north Asia.

He returned to Dubai in 2008 as chief executive of Omniyat Properties before taking over as chief executive of MAF Properties in June 2009 after Omniyat shed a third of its staff in a company shake-up.

"I've worked in Australia, I've worked in Europe, I've worked in Asia and the Middle East," said Mr Walichnowski. "I'm now at the time of life where I want to try somewhere different."

Mr Walichnowski was one of the key speakers yesterday at the three-day Recon shopping centre conference in Dubai.

The conference ends today.


Back to the top

More articles

Editor's Picks

 Cityscape Abu Dhabi 2014 will run until April 24, 2014. Fatima Al Marzooqi / The National.

In pictures: Cityscape Abu Dhabi 2014 opens
at Adnec

Key developments and master plans are being unveiled at this year’s property exhibition in the capital.

 Marina Square apartments Reem Island: Q1 2% rise. Studio - Dh65-68,000. 1BR - Dh75-95,000. 2BR - Dh110-145,000. 3BR - Dh170-190,000. Q1 2013-Q1 2014 no change. Sammy Dallal / The National

In pictures: Where Abu Dhabi rents have risen and fallen, Q1 2014

Find out how rental prices in the prime locations in Abu Dhabi have altered during the first three months of the year and the current rates you will pay according to data provided by Asteco.

 Designed by London-based Thomas Heatherwick, founder of Heatherwick studio, the park will feature an outdoor cinema, an organic garden, picnic areas and cafes and restaurants. Photo courtesy Salama bint Hamdan Al Nahyan Foundation

Futuristic Abu Dhabi park to be built in the desert shade

Spread over 125,000 square metres, Al Fayah Park, on Airport Road, will be covered by a sand-coloured canopy, 20 metres high, with the appearance of cracked desert land from above.

 Room with a view from one of the 21 duplex penthouses located in the Gate Towers sky-bridge. The sports courts and swimming pools can be seen below. Courtesy Alda

In pictures: Aldar’s Gate Towers Penthouse Collection on Reem Island

Aldar launched its Gate Towers Penthouse Collection at Cityscape Abu Dhabi. The launch features 21 penthouses spanning the skybridge, with each having a private indoor pool and incredible views.

 The Wind, Energy, Technology and Environment Exhibition takes place from April 14 to April 16. Above, the Dewa showroom during last year’s Wetex. Jaime Puebla / The National

April corporate and economic calendar for the UAE and overseas

From Cityscape to Wetex to stock-market holidays to nations reporting first-quarter GDP figures, here is our helpful calendar of April's business events in the UAE and internationally.

 Get the latest information on credit cards, bank accounts and loan products in the UAE. Mark Lennihan / AP Photo

Rates report: Latest on UAE loans, accounts and credit cards

Souqamal.com brings you the latest interest rates on banking products in the UAE.


To add your event to The National listings, click here

Get the most from The National