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August 01, 2015 11:30 AM ET

Real Estate Management and Development

Company Overview of Meraas Holding LLC

Company Overview

Meraas Holding LLC is a holding company. The company through its subsidiaries operates in real estate activities including real estate development and real estate sales and marketing. Meraas Holding LLC is based in Dubai, United Arab Emirates.

Dubai,  

United Arab Emirates

Key Executives for Meraas Holding LLC

Compensation as of Fiscal Year 2015.

Meraas Holding LLC Key Developments

Meraas Holding Company and Alibaba Enters into Joint Venture to Set Up Tech Hub Project in Dubai

Meraas Holding Company and Alibaba are planning to create a new joint venture to provide technological service for firms in the region. Meraas additionally has another plan in the lineup; it involves creating a technological community that includes data center, hospitality, housing and commercial spaces, retail and food beverage units. Nonetheless, the new joint venture will be all about app development, service architecture, testing, validation, citizenship e-services and other data setups.

Meraas and Aliyun Sign Deal to Setup New Technology Enterprise

Meraas and Aliyun signed a deal to setup a new technology enterprise that offers system integration services to private companies and government institutions in the MENA region. Headquartered in Dubai, the new joint venture will specialize in application development, service-oriented architecture, testing, validation, citizenship e-services and Big Data operations with a special focus on analytics, revenue-generation and payment solutions. The enterprise will support potential clients in achieving stronger business results, help them respond rapidly to market changes, and transform their business and IT services.

Meraas Holding Wins Contract from RTA

The Roads and Transport Authority (RTA) in Dubai has started construction work on AED 475 million project to provide a road link to Bluewaters Island from Shaikh Zayed Road. RTA recently awarded a contract for the entrances of Bluewaters Island, which will be undertaken in cooperation with Meraas Holding at a cost of AED 475 million. The entrance of the island comprises a main bridge with two lanes in each direction stretching 1,400 metres in length and 25 metres in width. It also includes the construction of two lanes of 5.5 metres in width designated for an automated personal rapid transit system to ease the mobility of visitors from and to the metro station (Nakheel Harbour & Tower) on the Shaikh Zayed Road nearby the Island.

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