Meraas, Dubai’s premier developer and operator of lifestyle destinations, will now become part of Dubai Holding, a global investment holding company, following a decision taken by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai.

 

Meraas will join forces with Dubai Holding, the investment arm of the Dubai government, 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, a statement quoted by Khaleej Times newspaper said.

 

"Meraas is set to become part of Dubai Holding, under the leadership of His Highness Sheikh Ahmed bin Saeed Al Maktoum," according to the statement. This move is set to combine a complementary suite of services and expertise to diversify the economy and maximise their competitiveness in the global marketplace.

 

Meraas has launched several projects in multiple sectors including real estate, retail, hospitality, food and beverage, leisure and entertainment and healthcare. These include City Walk, Bluewaters Island, Jumeira Bay, Pearl Jumeira, La Mer, and Dubai Harbour.