Dubai-based Meraas has signed a 10-year agreement with Coca-Cola for the exclusive naming rights for Dubai’s first and biggest indoor, multipurpose arena.
Upon completion, the 17,000-capacity arena will be known as the Coca-Cola Arena.
Located at the City Walk, the fully air-conditioned indoor arena will open to the public in June this year and will become the heartbeat of the entertainment landscape in the region.
Owned by Meraas, the Coca-Cola Arena, will have the ability to host large scale live events 365 days a year.
“Given all the strong fundamentals now in place, the Coca-Cola Arena will undoubtedly attract world-class acts and performers from around the world to its stunning stage,” said Meraas Group Chairman Abdulla Al Habbai.
Murat Ozgel, General Manager of Coca-Cola Middle East and Deputy President of Coca-Cola Middle East and North Africa, added, “We are proud to be a part of this highly anticipated entertainment destination which demonstrates our commitment to the region. The arena will create another iconic landmark in the city attracting visitors from across the world. "
The Indian state of Maharashtra has suspended the licences of four Domino's outlets after reporting grease residue in pizza-making machines and insect infestations, the latest move in an intensifying crackdown by food regulators.
XRG, ADNOC’s international energy investment company, has announced its entry into Venezuela through the award of the offshore Loran licence, and the transfer of interest in the licence by PDVSA Gas.
Venture capitalist Joshua Kushner and former Disney CEO Bob Iger are set to purchase the Los Angeles Lakers, with the deal valued at a record $12.5 billion, according to sources familiar with the matter on Wednesday.
The chairman of India's largest conglomerate Tata Sons will not seek reappointment, he said, citing the board's lack of backing after tensions with the charitable arm that controls the group.
Passengers flying to Dubai through Emirates can now change their travel dates free of charge in an unlimited capacity under a new measure announced by the airline to offer greater flexibility.
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