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.
Backed by a Saudi sovereign wealth fund, Mohamed Alabbar is set to transform the region’s e-commerce market with the launch of Noon.com. He tells Arabian Business how he plans to conquer and dominate an industry that will be worth $70bn within the next decade.