Dubai-based developer Meydan Group announced two projects during the first day of Cityscape. The company behind the world’s largest horse-racing complex launched its Hadaeq Sheikh Mohammed Bin Rashid project, a new 190,000 sq m housing scheme in Dubai’s Nad Al Sheba. The ‘green’ project will feature canals, lagoons, horse riding trails and resemble gardens in Europe. The group also re-launched its stalled Meydan Tower scheme, a 72-storey tower it originally proposed in 2009.
A few months after buying FRHI Hotels & Resorts from investors including Qatar Investment Authority and Kingdom Holding, AccorHotels CEO Sébastien Bazin denies the hotel management firm is growing too fast. In fact, he intends to pick up the pace – especially in the GCC.