Dubai Developer Meydan Business Under Review Amid Glut
- Meydan is undertaking review of strategy, its chairman says
- Dubai is facing a glut in shopping malls, housing and offices
Photographer: Chris Ratcliffe/Bloomberg
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State-owned Dubai developer Meydan is reviewing its operations and parts of its business may be outsourced to Nakheel PJSC, famous for building man-made islands in the shape of palm trees.
“We have embarked on a review of Meydan’s business strategy,” Meydan City Corp. Chairman Mohammed Al Shaibani said in an emailed reply to questions. “Our aim is to improve efficiencies in operations.”