Sheikh Mohammed bin Rashid Al Maktoum has directed the inclusion of “Nakheel” and “Meydan” under “Dubai Holding,” a move that aims to enhance Dubai’s economic growth. This strategic decision forms a global economic entity under the leadership of Sheikh Ahmed bin Saeed Al Maktoum. The goal is to create a financially efficient entity with assets worth hundreds of billions, enabling it to compete regionally and globally.
As part of this directive, the boards of “Nakheel” and “Meydan” will be dissolved to form a massive economic entity within Dubai Holding. This entity boasts a highly diversified portfolio of vital economic activities, particularly those linked to future industries. This diversification positions the entity to achieve broader horizons of success, especially in technology, media, and various investments.
Sheikh Mohammed bin Rashid Al Maktoum views this move as a new milestone in solidifying and enhancing economic growth momentum. He expresses optimism about doubling growth and competing with ambitions. This strategic decision supports enhancing growth levels through a unified vision aimed at building on achieved gains.
Since its establishment in 2004, Dubai Holding has continued to achieve positive progress. It has played a significant role in establishing the foundations of a knowledge-based and innovative economy. The institutions under Dubai Holding have made a name for themselves globally, including the Jumeirah Group and Dubai Properties. The TECOM Group, which includes 10 specialized economic clusters, further supports Dubai’s economic agenda.