Meraas will join Dubai Holding to further develop a highly diversified conglomerate operating in several sectors across real estate, tourism, hospitality, leisure and entertainment and investments.
It is based on the directive from His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai.
The latest move is set to combine a complementary suite of services and expertise to diversify the economy and maximise their competitiveness in the global marketplace.
Since its establishment in 2004, @DubaiHolding has continued to create positive strides aimed at fostering an innovation-driven knowledge-based economy. #Dubai Holding lists Jumeirah Group, Dubai Properties and TECOM Group among its portfolio.
— Dubai Media Office (@DXBMediaOffice) June 9, 2020
Since its establishment in 2004, Dubai Holding has created positive strides aimed at fostering an innovation-driven knowledge-based economy.
It lists Jumeirah Group, Dubai Properties and TECOM Group among its portfolio. TECOM Group alone owns and operates ten sector-focused business clusters, with Dubai Internet City and Dubai Media City being the flagships.
Meanwhile, Meraas has launched several projects in multiple sectors including real estate, retail, hospitality, food and beverage, leisure and entertainment and healthcare.
UAE among top 7 destinations for international tourist spending
Bank in UAE fined AED 3.5 million for violating Sharia guidelines
Emirates issues travel advisory with forecasts for 30,000 daily departures
Flydubai gears up to restore full network
Shares rally, oil slumps as Trump announces Iran-Israel ceasefire
