Juma Al Majid Group Celebrates 50 Years with Yokohama

The Dubai based Juma Al Majid Group has celebrated 50 years of business with Yokohama tyre. The group, dealers for the Japanese brand in the United Arab Emirates, marked this milestone on November 27.

“There are different kinds of companies,” commented Juma Al Majid, founder and chairman of the group. “One type looks for its own benefit, but when there is a company that looks out for both sides, it can maintain the relationship for 50 years and more.”

The corporation’s sales in the UAE this year reached a record high, despite the economic gloom. “The economy has been tough, but we overcame it with strong team-work,” said Yasuo Tominaga, adviser and former Yokohama Rubber President. “The Middle East is a very important market for us and it is still growing. Its importance will be higher now.”

According to officials, the corporation holds a 25 per cent share of the automotive tyre market in the UAE. The group’s main businesses are in the automotive, contracting, manufacturing, trading and real estate sectors. The group is also active in financial investments and portfolio management, both in the region and globally.