His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister in his capacity as Ruler of Dubai, directed the inclusion of "Meraas Holding Company" under the umbrella of the "Dubai Holding Group", headed by His Highness Sheikh Ahmed bin Saeed Al Maktoum, to form a huge economic entity with a strong portfolio Diversity of vital economic activities, which are closely related to the future industry, such as technology, media and diversified investments, which qualifies to reach wider prospects for success in all these sectors.
A statement issued yesterday said that this step would boost the levels of growth through a unified vision aimed at building on the achieved gains and seeking to reach Dubai to better levels within the various indicators of global economic competitiveness.
Positive progress
| A move aimed at reaching new successes in diversifying economic resources and enhancing global competitiveness. |
The statement pointed out that «Dubai Holding», since its establishment in 2004, has continued to achieve positive progress related to the consolidation of the foundations of an economy based on knowledge and innovation, through institutions that have its name and reputation at the global level, including: «Jumeirah Group», and «Dubai Real Estate In addition to “TECOM Group”, which includes 10 specialized economic complexes, led by “Dubai Internet City” and “Dubai Media City”, while “Maras” has a strong presence in many sectors through a group of distinguished quality projects, It covers sectors: retail, hospitality, food and beverage, entertainment, healthcare and the real estate sector.
Available experiences
According to the statement, this step will take advantage of the experiences available on both sides in order to reach new successes in the process of diversifying economic resources and enhancing competitiveness on a global level.
The new strategy will provide a starting point for a future phase of enhancing our capabilities to meet the growing global demand for specialized services, and to take advantage of the opportunities and opportunities emerging to continue to meet the requirements of the local and global markets in the short and long term.