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.
Vicious competition and a saturated marketplace have made life tough for Saudi Arabia’s third mobile operator, Zain KSA. But the appointment last year of one of the kingdom’s top telecoms figures, Sheikh Farhan Al Faisal Al Jarbaa, has helped the firm turn its fortunes around.