VP announces merger of ‘Nakheel and Meydan’ into Dubai Holding
Under the directives of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai
Nakheel and Meydan will join forces with Dubai Holding in an effort to sustain and advance growth through a unified and integrated vision that builds on gains,
spurs efforts and boosts Dubai’s global competitiveness.
Nakheel and Meydan are set to become part of Dubai Holding, under the leadership of Sheikh Ahmed Bin Saeed Al Maktoum. The Board of Directors of both Nakheel and Meydan Company will be abolished.
Sheikh Mohammed Bin Rashid Al Maktoum said, “In a new milestone to reinforce and boost our economic growth, today we directed the inclusion of Nakheel and Meydan companies under the umbrella of Dubai Holding,
forming a global economic entity with a diverse portfolio in sectors such as technology, media, hospitality, real estate, retail, and more, led by Sheikh Ahmed Bin Saeed Al Maktoum”.
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