MAIR Group PJSC (ADX: MAIR) ("MAIR" or the "Group"), a strategic investment company focused on grocery retail and commercial real estate in the UAE, and Al Jazira Sports Club, one of the largest and most successful sports clubs in the UAE, announced a Memorandum of Understanding (MoU) under which MAIR Group will become the official partner of Al Jazira Club in the development of a joint venture. The agreement was signed during a ceremony held at the Mohamed bin Zayed (MBZ) Stadium, in the presence of Jamal Saeed Al Nuaimi, Group CEO of Al Jazira Club; and Nehayan Hamad Alameri, Managing Director and CEO of MAIR Group. According to the MoU, “Makani Real Estate”, the real estate arm of MAIR Group, will be allocated 80,000 square meters of land adjacent to the MBZ Stadium and Al Jazira Club. The project aims to transform the surroundings of Al Jazira Club and MBZ Stadium into a dynamic and inclusive destination serving all segments of society. Commenting on the agreement with MAIR Group, Jamal Saeed Al Nuaimi, CEO of Al Jazira Club Group, said: "We always strive to make Al Jazira Club and Mohamed bin Zayed Stadium an attractive entertainment and sports destination for residents and visitors of Abu Dhabi.