Merger Of Realty Developers Nakheel &Meydan To Become Part Of Dubai Holding
Dubai real estate developers Nakheel and Meydan will merge and become part of Dubai Holding. Dubai Ruler Sheikh Mohammed bin Rashid Al Maktoum directed the two to merge under Dubai Holding under the leadership of Sheikh Ahmed bin Saeed Al Maktoum. The Board of Directors of both Nakheel and Meydan will be abolished. "The goal is to create a more financially efficient entity, owning assets worth hundreds of billions, and comprising global expertise across various sectors," said Sheikh Mohammed. “Wishing all the best to the team on this new mission... We are optimistic about an upcoming phase where we will multiply our growth, compete with our ambitions, and achieve our economic vision for our people,” he added. Nakheel and Meydan have launched several projects in multiple sectors including real estate, retail, hospitality, food and beverage, leisure and entertainment and healthcare.
Tags : Dubai real estate developers Nakheel Meydan Sheikh Mohammed Sheikh Ahmed bin Saeed Al Maktoum.