{"id":56266,"date":"2017-05-29T15:44:24","date_gmt":"2017-05-29T08:44:24","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/?p=56266"},"modified":"2017-05-29T13:56:17","modified_gmt":"2017-05-29T06:56:17","slug":"dxb-entertainments-chief-to-lead-new-meraas-dubai-holding-project-group","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dxb-entertainments-chief-to-lead-new-meraas-dubai-holding-project-group\/","title":{"rendered":"DXB Entertainments chief to lead new Meraas-Dubai Holding project group"},"content":{"rendered":"


\nA new entity is being created that will manage multi-billion dollar development projects for both Dubai Holding and Meraas Holding. The entity will be managed by the current chief executive of DXB Entertainments, the company that developed the Dubai Parks and Resorts attraction.In a statement this morning to the Dubai Financial Market, DXB Entertainments confirmed that its chief executive, Raed Al Nuaimi, has been appointed to run the new operation.
\nMr Al Nuaimi has been appointed to run the new company by Abdulla Al Habbai, who was appointed as the new chairman of Dubai Holding in March, but who retains his previous role as the chairman of Meraas Holding.DXB Entertainments said in its announcement to the Dubai stock exchange that Mr Al Nuaimi will remain as its chief executive until a replacement is found. “He will thereafter continue as a senior executive with the company, in the role of managing and executive member of the board of directors”.
\n“The appointment of a new CEO will be announced by the company in due course,” DXB Entertainments added in its statement.DXB Entertainments is majority owned by Meraas Holding, which retains a 52.29 per cent stake in the company.Dubai Holding and Meraas Holding are both bringing forward significant new ventures. This month, it was announced that Dubai Holding will develop of Marsa Al Arab – a Dh6.3bn project containing a pair of new islands close to Burj Al Arab that will contain a new theatre, a marine park, 20,000 sq m of retail and 2,400 new hotel rooms. Meraas Holding, meanwhile, is responsible for the development of Dubai Harbour – a project containing a cruise liner terminal, a 1,400-berth marina, a 3.5 million sq ft mall and the Dubai Lighthouse, which was announced back in January. Meraas Holding also jointly owns land for development along the banks of the recently completed Dubai Canal.
\nmfahy@thenational.ae
\n
\nSource : thenational.ae
\nRead more…DXB Entertainments chief to lead new Meraas-Dubai Holding project group<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

A new entity is being created that will manage multi-billion dollar development projects for both...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-56266","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-eDw","jetpack-related-posts":[{"id":1863,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubai-parks-and-resorts-leases-nearly-two-thirds-of-riverland-part-of-theme-park\/","url_meta":{"origin":56266,"position":0},"title":"Dubai Parks and Resorts leases nearly two thirds of Riverland part of theme park","date":"January 18, 2016","format":false,"excerpt":"\r \r Dubai Parks and Resorts has let almost two-thirds of the available space at the Riverland element of its multi-theme park site.The company \u2014 a spin-off from Meraas Holding which raised Dh2.5 billion via a flotation on the Dubai Financial Market in December 2014 \u2014 said that it exceeded\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":22606,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubai-parks-and-resorts-reduces-revenue-forecast-as-financial-loss-widens\/","url_meta":{"origin":56266,"position":1},"title":"Dubai Parks and Resorts reduces revenue forecast as financial loss widens","date":"August 11, 2016","format":false,"excerpt":"\r Dubai Parks and Resorts reduced this year's revenue forecast as its second-quarter loss widened due to expenditure rising in the run-up to the park's partial opening on October 31, the theme park operator said.The company said it expects to generate about Dh297 million in income this year, when it\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":10416,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubai-parks-resorts-raises-funds-for-six-flags-theme-park\/","url_meta":{"origin":56266,"position":2},"title":"Dubai Parks & Resorts raises funds for Six Flags theme park","date":"April 11, 2016","format":false,"excerpt":"\r \r Dubai Parks & Resorts has raised almost Dh1 billion in debt financing to fund its planned Six Flags theme park.The Dubai-listed theme park operator said it secured Dh993 million from Abu Dhabi Commercial Bank, Dubai Islamic Bank and Sharjah Islamic Bank.The cash will fund part of its proposed\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":22628,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubai-parks-and-resorts-financial-loss-widens\/","url_meta":{"origin":56266,"position":3},"title":"Dubai Parks and Resorts financial loss widens","date":"August 11, 2016","format":false,"excerpt":"\r Dubai Parks and Resorts loss widened owing to expenditure rising in the run-up to the park's partial opening on October 31, the theme park operator said.The company said it expects to generate about Dh297 million in income this year, when it anticipates 900,000 visitors within the two months it\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":51697,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/meraas-plans-new-hotel-brands-at-bluewaters-island-in-dubai\/","url_meta":{"origin":56266,"position":4},"title":"Meraas plans new hotel brands at Bluewaters Island in Dubai","date":"April 12, 2017","format":false,"excerpt":"\r Dubai-based developer Meraas on Wednesday announced plans to build four hotel brands near the upcoming Dh6 billion development at Bluewaters island off the coast of the Jumeirah Beach Residence. Meraas, in an effort to expand its hotel line, will establish Evado, Re Vera, Vivus and MQ. Each will open\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":49144,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/meraas-bluewaters-island-in-dubai-moves-into-the-building-finishes-stage\/","url_meta":{"origin":56266,"position":5},"title":"Meraas' Bluewaters Island in Dubai moves into the 'building-finishes' stage","date":"March 22, 2017","format":false,"excerpt":"\r The developer of the Dh6 billion Bluewaters Island off the coast of the Jumeirah Beach Residence island in Dubai said work is nearing completion. Meraas Holding said construction work on the island is now 75 per cent complete, with the project moving on from its structural phase to building\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/56266"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=56266"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/56266\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=56266"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=56266"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=56266"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}