Real estate companies Nakheel and Meydan have been merged under the umbrella of Dubai Holding, Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, announced on Saturday.
Nakheel and Meydan are set to become part of Dubai Holding under the leadership of Sheikh Ahmed bin Saeed, the Executive Office said.
The boards of directors of Nakheel and Meydan will be abolished.
The two companies will join forces with Dubai Holding in an effort to sustain and advance growth through a unified and integrated vision that builds on gains, spurs efforts and boosts Dubai’s global competitiveness,…
