Tatweer restructures into two new divisions

Dubai Holding owned development company Tatweer is restructuring its operations into two divisions - Tatweer Dubai and Tatweer Investments.

Dubai Holding owned development company Tatweer is restructuring its operations into two divisions - Tatweer Dubai and Tatweer Investments.

The company, which is developing the US $80 billion (AED294 billion) Dubailand project will see its entities across six sectors operate under these two divisions.

Tatweer Dubai, led by CEO Khalid Al Malik, will focus on businesses within the UAE including Dubai Healthcare City (DHCC), Dubailand, Bawadi, Theme Parks Cluster, and Dubai Industrial City. It will also advance strategic long term partnerships with organisations such as Partners-Harvard Medical International, Tiger Woods, and Universal Studios.

Tatweer Investments, led by CEO Ahmad Sharaf, will drive Tatweer's foray into international markets, leveraging its synergy with global strategic partners. Tatweer Investments will extend Tatweer's existing intellectual property portfolio and generate innovative IP driven investments and partnerships overseas.

It will support Mizin in its goal of becoming a developer of choice in the UAE, and establish new businesses in the food industry through alliances with leading international brands.

Tatweer executive chairman Saeed Al Muntafiq said: "Tatweer's restructuring initiative is in response to its enormous growth curve. It also marks the transition of Tatweer from its initial phase of identifying core business areas to its next state of delivering critical projects in Dubai while establishing a sound base for international growth.

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