Dubai Holding Welcomes Nakheel and Meydan into its Portfolio 

Under the visionary directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai, Nakheel and Meydan will merge with Dubai Holding, marking a significant step towards sustained growth and enhanced global competitiveness for Dubai. 

Led by H.H. Sheikh Ahmed bin Saeed Al Maktoum, Nakheel and Meydan will transition into Dubai Holding, streamlining operations and fostering a unified vision for economic advancement. With this integration, the Boards of Directors of Nakheel and Meydan Company will be dissolved. 

Sheikh Mohammed bin Rashid Al Maktoum emphasized the strategic importance of this move, stating, “The incorporation of Nakheel and Meydan into Dubai Holding signifies a new chapter in our economic journey, creating a formidable global entity with a diverse portfolio spanning technology, media, hospitality, real estate, retail, and more.” 

He further highlighted the objective of enhancing financial efficiency and leveraging global expertise across sectors to achieve national objectives and realize the Dubai Economic Agenda D33. 

Dubai Holding, established in 2004, has been instrumental in fostering an innovation-driven, knowledge-based economy, with key entities like Jumeirah Group, Dubai Properties, and TECOM Group under its umbrella. TECOM Group, in particular, oversees ten business clusters, including flagship entities like Dubai Internet City and Dubai Media City. 

Nakheel and Meydan, known for their extensive projects across real estate, retail, hospitality, and entertainment sectors, will synergize with Dubai Holding to create a diversified conglomerate poised for global prominence. This strategic alignment aims to maximize competitiveness in the global marketplace and capitalize on emerging opportunities, catering to evolving global demands in the long term. 

Edward Sunna (pictured) is Chief Legal Officer at Dubai holding