Dubai’s real estate giants Nakheel and Meydan have officially merged under the umbrella of Dubai Holding, as announced by Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai. The consolidation aims to create a unified entity led by Sheikh Ahmed bin Saeed, focusing on sustaining and advancing growth across various sectors.
With Nakheel and Meydan joining forces with Dubai Holding, the merger is set to enhance the emirate’s global competitiveness, leveraging a diverse portfolio that includes technology, media, hospitality, real estate, and retail.
Sheikh Mohammed expressed optimism about this new economic entity, highlighting its potential to compete regionally and globally while achieving national objectives and advancing the Dubai Economic Agenda D33.
Since its inception in 2004, Dubai Holding has been committed to fostering an innovation-driven knowledge-based economy. The conglomerate’s portfolio includes renowned entities such as Jumeirah Group, Dubai Properties, and Tecom Group, which operates 10 sector-focused business clusters.
The merger of Nakheel and Meydan under Dubai Holding’s umbrella is expected to create synergies across various sectors, including property, tourism, hospitality, leisure and entertainment, and investments. This strategic move aims to diversify the economy and maximize competitiveness in the global marketplace.
The consolidation of Nakheel and Meydan marks a significant milestone in Dubai’s economic journey, reflecting the emirate’s continuous efforts to position itself as a global business and tourism hub.
