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‘Mohammed bin Rashid merges Nakheel & Meydan under Dubai Holding’

by Dubaiforum

Dubai’s economic landscape is set to undergo a significant transformation as Nakheel and Meydan team up with Dubai Holding to enhance growth and bolster the emirate’s international standing. This collaboration, directed by Sheikh Mohammed bin Rashid Al Maktoum, aims to create a cohesive and integrated vision that will propel Dubai’s economic growth to new heights.

Under the leadership of Sheikh Ahmed bin Saeed Al Maktoum, Dubai Holding will oversee Nakheel and Meydan, leading to the disbanding of both companies’ boards of directors. This move is part of a strategic effort to streamline operations and create a more financially efficient entity with assets worth hundreds of billions. The new global economic entity will have a diverse portfolio spanning technology, media, hospitality, real estate, retail, and more, positioning Dubai as a competitive player in the regional and global market.

Since its inception in 2004, Dubai Holding has been instrumental in fostering an innovation-driven knowledge-based economy in the emirate. With flagship entities like Jumeirah Group, Dubai Properties, and TECOM Group under its portfolio, Dubai Holding has been at the forefront of driving economic growth in various sectors.

The integration of Nakheel and Meydan into Dubai Holding will further enhance the conglomerate’s presence across sectors such as real estate, tourism, hospitality, leisure, entertainment, and investments. This strategic move is aimed at diversifying the economy and maximizing competitiveness in the global marketplace by combining a complementary suite of services and expertise.

By joining forces, Nakheel, Meydan, and Dubai Holding aim to address the growing demand for specialized services globally and capitalize on emerging opportunities in the long run. This collaboration is set to create an ideal platform for growth and innovation, setting the stage for Dubai’s continued success on the international stage.

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