Skift Take
Sheikh Ahmed bin Saeed Al Maktoum already runs Dubai's Emirates Airline. He'll now oversee two of its biggest development organizations too.
Two of Dubai’s most prominent real estate developers are being merged and rolled into the personal portfolio of the emirate’s ruler.
Nakheel – builder of the Palm Jumeirah island – and Meydan are now under the umbrella of Dubai Holding, with their boards abolished and Emirates Group chairman Sheikh Ahmed bin Saeed Al Maktoum put in charge.
The announcement came from the state newswire WAM as a decree from the royal family. Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum said he is “forming a global economic entity with a diverse portfolio in sectors such as technology, m