Dubai’s MBM developer to support Dharavi slum re-development says state CM

By Realty Quarter Bureau

A Dubai-based group, MBM, will support the Maharashtra government’s ambitious Dharavi slum redevelopment project, along with other urban infrastructure initiatives, chief minister Devendra Fadnavis has said

The chairman of Dubai-based MBM Group has shown his willingness to support the Dharavi slum redevelopment project, apart from other urban infrastructure initiatives of the state government, a release issued by the chief minister’s office in Maharashtra stated. Established in 2006, the MBM Group is a royal family office and investment holding company, with activities in investments, strategic advisory, as well as social and community development.

In Dubai, the Maharashtra chief minister Devendra Fadnavis held discussions with Sheikh Mohammed Bin Juma Al Maktoum, chairman of the MBM Group. The chief minister was welcomed in Dubai by Navdeep Puri, India’s ambassador to the UAE. Fadnavis also held a meeting with Sultan Ahmed Bin Sulayem, group chairman and CEO of DP World in Dubai. The chief minister said DP World intends to work with the state government, on multi-modal logistics parks in Maharashtra, particularly in Nagpur, for better port connectivity on G2G (government to government) basis.

DP World is a partner in the government of India’s National Investment and Infrastructure Fund (NIIF). The NIIF has partnered with DP World, to create an investment platform for ports, terminals, transportation and logistics businesses in India. Fadnavis also met Thumbay Moideen, founder president of the Thumbay Group, which runs a network of healthcare facilities as well as a medical university in the Gulf. Fadnavis said Moideen expressed his intention to work as a healthcare partner for projects planned in Maharashtra and also intended to enter into a formal MoU with the state government.

A delegation led by the Maharashtra chief minister Devendra Fadnavis left for a week-long tour of the United States and Canada, on June 9, 2018. The delegation is scheduled to visit Montreal in Canada and New York, Washington and San Francisco in the US, to meet business leaders and visit institutions, to give momentum to various infrastructure projects and IT initiatives in Maharashtra.