Dubai Holding and Meraas Holding have set up a new project management company that will manage multi-billion dollar projects by both firms as well as other third parties. This new company will utilize the expertise currently available at both firms to manage the execution and delivery of some of Dubai’s landmark projects.
The new company will be led by Raed Kajoor Al Nuaimi, who has left DXB Entertainments, a Meraas Subsidiary and the operating company of Dubai Parks and Resorts.
His Excellency Abdulla Al Habbai, Chairman of Dubai Holding and Meraas Holding said: “There is an extensive experience and proven track record when it comes to project management at both Dubai Holding and Meraas Holding. The new company will allow us to utilise the strengths and expertise of both firms under a new umbrella. As a commercial entity, the new company will be able to offer its unique expertise and extend its services to third parties.”
Dubai Holding also announced the departure of Mohamed Almulla from Arab Media Group (AMG), the entertainment arm of the Group. Al Mulla will take on a new role as Chief Executive Officer of DXB Entertainments, effective immediately. AMG comprises of three major business units; Arabian Radio Network (ARN), Done Events and Global Village.
His Excellency Al Habbai, commented: “Mohamed Almulla has been instrumental in growing AMG and Dubai Holding’s contribution to the media and entertainment sector. Under his leadership, Global Village has grown to become a major entertainment destination, attracting more than five million visitors each year. He also oversaw ARN’s strategy, growing to become the largest radio network in the UAE.
“We are confident that his new role will result in further growth of Dubai’s position as a global entertainment destination in the region. We wish him the best of luck.”
A replacement for Almulla will be announced in due course.