The world-class developer is set to become a part of Dubai Holding and be under the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai.
As part of the agreement, Meraas will be directly under the leadership of Sheikh Ahmed bin Saeed Al Maktoum and the agreement has come about as Meraas look to move forward and sustain a unified and integrated vision that helps to build on and boost Dubai’s global competitiveness.
Dubai Holding was established in 2004 and since then it has strived to create positive strides that fosters an innovative, driven and knowledge-based economy. The company has made great strides in the last 16 years and now lists Jumeirah Group, Dubai Properties and TECOM Group among its enviable portfolio.
Meraas has built its excellent reputation over many years and many projects in multiple sectors, including real estate, retail, hospitality, food and beverage, leisure, entertainment and healthcare. The move to incorporate Meraas into the Dubai Holding portfolio will combine a complementary suite of services and expertise to diversify the economy and maximise their potential in the global marketplace.
