Majestic Group

Majestic Group

Majestic Group was established in 2009 by Zakyah Al Qaydi, operating through a board-level relationship with the Private Office of Her Highness Al Nahyan. The group functions as a conglomerate holding company, directing capital into operating businesses that serve the UAE's domestic economy. Its early focus on essential services — education, healthcare, and entertainment — mirrors the diversification priorities of Abu Dhabi's economic vision. The group's strategy blends direct operating control with joint-venture partnerships. Its portfolio spans marinas, hospitality assets, and commercial real estate, including the Majestic Hotel Tower in Bur Dubai and stakes in the Bulgari Hotel Marina at Jumeirah Bay. In December 2021, Majestic signed a $10 billion investment partnership with Al Sahab Investments, signaling a capital base calibrated for large-scale infrastructure and real estate deployment. The marine division — which operates Port De La Mer Marina, Jewel of the Creek Marina, and a network of fishing ports across the UAE — was partially sold to IMKAN, a subsidiary of Abu Dhabi Capital Group, which acquired a 51% stake in late 2025. Marios Economides was appointed CEO of the marine entity following the transaction. The holding structure suggests several dozen professionals are deployed across its operating subsidiaries, though the group does not publish headcount figures. Its presence is concentrated in Dubai and Abu Dhabi, with marine infrastructure assets extending along the UAE coastline. The 2025 IMKAN transaction introduced Abu Dhabi Capital Group as the majority partner in the marine division, reshuffling governance for one of the group's most capital-intensive verticals. No philanthropic foundation or co-investment club has been publicly linked to the vehicle. Majestic's structural distinction lies in its hybrid posture: part family-backed holding company, part sovereign-adjacent investment vehicle. Its board relationship to the Al Nahyan private office places it inside Abu Dhabi's tight patronage network, where deal origination is relationship-driven and partnership announcements — such as the $10 billion Al Sahab agreement — function as public signals of strategic alignment. This architecture makes the group a consolidator of domestic infrastructure assets that are unlikely to attract international institutional bidding.