Mohammed bin Rashid mandates incorporation of ‘Nakheel and Meydan’ into Dubai Holding Group under leadership of Ahmed bin Saeed Al Maktoum

Mohammed bin Rashid mandates incorporation of ‘Nakheel and Meydan’ into Dubai Holding Group under leadership of Ahmed bin Saeed Al Maktoum

 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 H.H. Sheikh Ahmed bin Saeed Al Maktoum. The Board of Directors of both Nakheel and Meydan Company will be abolished.
His Highness 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”.
His Highness added, “The goal is to create a more financially efficient entity, owning assets worth hundreds of billions, and comprising global expertise across various sectors with which we can compete regionally and globally, achieving our national objectives, and realising the Dubai Economic Agenda D33”.
He said, “Wishing all the