His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister, may God protect him, in his capacity as Ruler of the Emirate of Dubai, directed the inclusion of Nakheel and Meydan under the umbrella of the Dubai Holding Group, headed by His Highness Sheikh Ahmed bin Saeed Al Maktoum, and the cancellation of all… From the boards of directors of the two companies, to form a huge economic entity within Dubai Holding with a very diverse portfolio of vital economic activities that are closely related to the industry of the future, such as technology, media, and various investments, which qualifies to reach broader horizons of success in all of these sectors.
His Highness Sheikh Mohammed bin Rashid Al Maktoum said: “In a new phase of consolidating and enhancing the momentum of our economic growth, we today directed the inclusion of Nakheel and Meydan under the umbrella of Dubai Holding to form a global economic entity, with a diversified portfolio in the sectors of technology, media, hospitality, real estate, retail, and others. Under the leadership of Sheikh Ahmed bin Saeed Al Maktoum.
His Highness added: “The goal is to create a more financially efficient entity that owns hundreds of billions in assets and includes global expertise in various sectors with which we can compete regionally and globally, achieve our national goals, and support us in achieving Dubai’s D33 Economic Agenda.”
His Highness Sheikh Mohammed bin Rashid Al Maktoum said: “All the best to the work team in the new mission… and we are optimistic about a coming stage in which we double our growth, compete with our ambitions, and achieve our economic vision for our people.”
The step supports enhancing growth levels through a unified vision that aims to build on the gains achieved and seeks to bring Dubai to better levels within various indicators of global economic competitiveness.
It is worth noting that, since its establishment in 2004, Dubai Holding has continued to achieve continuous positive progress in consolidating the foundations of an economy based on knowledge and innovation, through institutions with a name and reputation on the global level that include: Jumeirah Group, Dubai Properties, in addition to the TECOM Group. Under its banner are 10 specialized economic complexes, led by “Dubai Internet City” and “Dubai Media City”.
2024-03-16 08:29:31
#Mohammed #bin #Rashid #directs #inclusion #Nakheel #Meydan #umbrella #Dubai #Holding #Local
