Nakheel, Meydan Merged Under Dubai Holding

Nakheel, Meydan Merged Under Dubai Holding

Dubai’s leading real estate developers, Nakheel and Meydan, are set to join forces under the umbrella of Dubai Holding, according to a directive from Sheikh Mohammed bin Rashid Al Maktoum, the ruler of Dubai. This strategic move aims to create a formidable economic powerhouse with a diversified portfolio. The merger, announced on March 16, 2024, will see both Nakheel and Meydan become part of Dubai Holding, a […]

via Nakheel, Meydan Merged Under Dubai Holding

Dubai’s leading real estate developers, Nakheel and Meydan, are set to join forces under the umbrella of Dubai Holding, according to a directive from Sheikh Mohammed bin Rashid Al Maktoum, the ruler of Dubai. This strategic move aims to create a formidable economic powerhouse with a diversified portfolio.

The merger, announced on March 16, 2024, will see both Nakheel and Meydan become part of Dubai Holding, a prominent investment company led by Sheikh Ahmed bin Saeed Al Maktoum. The boards of directors of both entities will be dissolved as they integrate into the larger structure.

This decision is expected to bring significant benefits including enhanced financial efficiency and global competitiveness. Combining resources and expertise is expected to streamline operations and create a more financially robust entity.

The merger will create a