DUBAI // Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, formed a board of directors for Meydan City Corporation on Thursday.
The Ruler of Dubai issued a decree ordering the formation of the board which will serve a renewable term of three years.
Saeed Humaid Al Tayer has been appointed chairman and Malih Lahej Al Basti was appointed vice chairman of the board.
Other members appointed by the Dubai Ruler include Mohammed Al Shehhi, Hamad Bu Omaim, Abdul Wahed Al Fahim, a representative from Dubai Equestrian Club and a representative from the Dubai Racing Club.
The decree will be published in the Official Gazette.
In August 2015, Meydan, the private developer behind the world's largest horse racing complex, unveiled plans to build a scheme known as Meydan One featuring a 711m-high tower, a huge new mall, the world's largest indoor ski slope, a 25,000 sq metres indoor sports facility, the biggest dancing fountains in the world, a beach and a civic plaza capable of hosting up to 60,000 people. It is also to contain a 100-berth marina.
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