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Power 60 Power 60 2016

#7 Meraas Holding

Comprising four divisions – Meraas Development, Meraas Capital, Meraas Estates and Duvent – the Dubai-based integrated developer was established to “make a positive contribution to the National economy”.

Chaired by HE Abdulla Al Habbai, Meraas Holding will execute its mission through a number of subsidiaries that encompass a wide range of industry specialisations to develop activities and operations across the UAE and abroad. Meraas capital has been instrumental to this, making international investments in more than 2.8 million square feet of commercial space and attracting FDI to the UAE.

By creating a portfolio of investments in various industry sectors, Meraas seeks to generate long term wealth enhancement to the economic and social development of Dubai. In order to capitalise on opportunities in Dubai and beyond, Meraas is pioneering several initiatives in various macro-economic sectors including tourism, leisure, real estate, development and asset management with Meraas Hotels and Resorts and Meraas Healthcare both launched over the last year.

Bringing a new approach to urban planning and community enrichment, Dubai projects to date include Pearl Jumeirah, The Beach, CityWalk, Bluewaters, BOXPARK and Bulgari Resorts and Residences, among others. As much a developer as an innovator of social space, Meraas has also recently launched engagement initiatives such as Dubai Walls – where the creative works of 15 of the world’s top street artists will be painted into the walls of Citywalk – and The Green Planet biodome, a tropical forest with its rich biodiversity of over 3,000 plants and animals, also located at Citywalk.

Projects:

»Pearl Jumeirah
»The Beach, JBR Dubai
»CityWalk
»Bluewaters Island
»BOXPARK

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