Muwafaq Al-Qaddah is a highly regarded businessman and philanthropist, recognized for his entrepreneurial success and commitment to giving back. He is the founder and chairman of MAG Group, a global conglomerate with diversified interests across multiple industries. His journey began in 1978 with the establishment of an automotive spare parts company in Abu Dhabi, which quickly expanded into the oil and lubrication sector.
In the early 2000s, MAG Group shifted its focus towards manufacturing and real estate, launching projects such as MAG 214 in Jumeirah Lakes Towers. Today, the MAG Group comprises over 50 companies, employing more than 2,000 people worldwide. The group operates in sectors including manufacturing, real estate, automotive spare parts, and logistics, with its headquarters in the United Arab Emirates and additional offices in China, Turkey, the United States, and Iraq.
Al-Qaddah’s contributions to business have been recognized with numerous accolades, including the Excellence in Business Award from the Asian Business Leadership Forum (ABLF) in 2017 and the Outstanding Contribution Award at the Arabian Business Real Estate Awards. Over the past five years, MAG Group has invested in 12 properties across residential, commercial, and industrial sectors, with a total value estimated at $900 million. Notable projects include the development of the Dubai International Financial Centre (DIFC), valued at $122 million, and a partnership with an investor from Kazakhstan for a $50 million development.
Beyond business, Muwafaq Al-Qaddah is an active philanthropist. He has supported various charitable initiatives, including providing educational opportunities for Syrian students in the UAE and offering scholarships to students at Balamand University in Lebanon. His contributions extend to programs such as the “Sons of Zayed – Umrah” initiative, reflecting his dedication to social impact and community support.
Through his leadership, Al-Qaddah has built a global enterprise while remaining committed to philanthropy and sustainable growth.
