Dubai-based Meraas has signed a 10-year agreement with Coca-Cola for the exclusive naming rights for Dubai’s first and biggest indoor, multipurpose arena.
Upon completion, the 17,000-capacity arena will be known as the Coca-Cola Arena.
Located at the City Walk, the fully air-conditioned indoor arena will open to the public in June this year and will become the heartbeat of the entertainment landscape in the region.
Owned by Meraas, the Coca-Cola Arena, will have the ability to host large scale live events 365 days a year.
“Given all the strong fundamentals now in place, the Coca-Cola Arena will undoubtedly attract world-class acts and performers from around the world to its stunning stage,” said Meraas Group Chairman Abdulla Al Habbai.
Murat Ozgel, General Manager of Coca-Cola Middle East and Deputy President of Coca-Cola Middle East and North Africa, added, “We are proud to be a part of this highly anticipated entertainment destination which demonstrates our commitment to the region. The arena will create another iconic landmark in the city attracting visitors from across the world. "
British luxury carmaker Jaguar Land Rover said on Monday it would cut around 4,000 jobs globally over the next two years as part of a broader plan to reduce costs and improve competitiveness.
Salik has renewed its tolling technology contract for Dubai's road toll system with US company TransCore for another five years, extending a partnership that dates back to 2006.
Volkswagen's supervisory board has approved a transformation plan on Thursday that will include cutting another 50,000 jobs in its attempt to counter painful tariffs, overcapacity, and aggressive Chinese rivals.
The UAE Ministry of Economy and Tourism has outlined new regulations aimed at strengthening the fight against commercial fraud, protecting consumers and improving market oversight.
Apple is facing a £2 billion ($2.7 billion) London lawsuit brought on behalf of app developers over its app tracking rules, with the iPhone maker accused of abusing its power to unfairly impose greater restrictions on third parties.
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