Archive for November, 2014

Dubai Parks and Resorts PJSC (under incorporation), a subsidiary of Meraas Holding, has signed an agreement with Etisalat, the UAE’s leading telecommunications services provider, for the deployment of smart technologies across the mega leisure and entertainment project taking shape in Dubai.

Dubai Parks and Resorts PJSC (under incorporation)(“Dubai Parks and Resorts” or the “Company”), a subsidiary of Meraas Holding, has announced that preliminary infrastructure work across its multi-themed leisure and entertainment destination (the “Project”) has achieved 35 percent completion. In parallel, civil works have also commenced and more than 50 percent of the construction contracts have been procured.

Dubai Parks and Resorts PJSC (under incorporation) (“Dubai Parks and Resorts” or “the Company”), a subsidiary of Meraas Holding LLC, has today announced that it has secured AED 4.2 billion (US$1.15bn) of syndicated finance facilities, to support its strategy of creating the Middle East’s first mega leisure and entertainment destination.

AED 2.5 billion Offering now open to investors

Dubai Parks and Resorts PJSC (under incorporation) (“Dubai Parks and Resorts” or the “Company”), a subsidiary of Meraas Holding LLC (“Meraas Holding”), today launched its Initial Public Offering (“IPO” or the “Offering”) on the Dubai Financial Market.

Dubai Parks and Resorts PJSC (under incorporation), a subsidiary of Meraas Holding, has signed a Memorandum of Understanding (MoU) with Emirates, Dubai’s award-winning airline and global connector of people and economies, to collaborate as a key partner in its leisure and entertainment development taking shape in Dubai.

Dubai Parks and Resorts PJSC (under incorporation) (“Dubai Parks and Resorts” or the “Company”), a subsidiary of Meraas Holding LLC (“Meraas Holding”), today announces its intention to launch an Initial Public Offering (“IPO” or “Offering”) and its intention to apply to list its ordinary shares (the “Shares”) on the Dubai Financial Market (“DFM”).

Dubai Parks and Resorts LLC, a Meraas Holding company, today announced the appointment of Parques Reunidos, one of the leading and fastest-growing leisure park operator in the world, as park operators for motiongate™ Dubai and Bollywood Parks™ Dubai, taking shape at the emirate’s newest leisure and entertainment destination.