Sheikh Ahmed bin Saeed Al Maktoum to temporarily oversee Dubai Holding and Meraas
Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai has appointed Sheikh Ahmed bin Saeed Al Maktoum to temporarily oversee Dubai Holding and Meraas replacing Abdulla Al Habbai, it was announced on Thursday. Шейх Ахмед является председателем дубайской авиакомпании Emirates airline.
Dubai Government’s Media Office said in a press statement that “the move is part of a fresh strategy to explore new expansion prospects for both groups and identify further opportunities to maximise growth by leveraging their diverse assets and investment portfolios.”
Established in 2004, Dubai Holding develops and manages an extensive portfolio of companies focused on investments, financial services, real estate, specialised business parks, telecommunications and hospitality with operations across 10 countries, the statement said.
It said , ’ portfolio comprises over 80 million square feet of total developed land, more than 3,500 homes, 2,000 retail units, and 15 destinations.
In September, Reuters had reported that Canada’s Brookfield Asset Management and Meraas have agreed to form a joint venture valued at 5 billion UAE dirhams ($1.4 billion) to own and operate Meraas’ retail assets.
Meraas is also the majority shareholder in DXB Entertainments, which agreed to pay $7.5 million to the US company Six Flags as part of a settlement deal after ending plans to build a Six Flags theme park in Dubai.
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