Dubai Holding

Dubai Holding (Arabic: دبي القابضة) is Dubai ruler Sheikh Mohammed bin Rashid al-Maktoum's personal investment portfolio,[2] which owns 99.67% of the capital.

Not to be confused with Dubai Holding Group.
Dubai Holding
دبي القابضة
TypeState-owned
IndustryHospitality
Financial services
Real Estate
Specialised business parks
Healthcare
Media
Telecommunication
FoundedOctober, 2004
Headquarters
Dubai Holding Corporate Office (Dubai)
Key people
Sheikh Ahmed bin Saeed Al Maktoum (Chairman)
Amit Kaushal (CEO)
RevenueIncreaseUS$4.57 billion (2016)[1]
Number of employees
15,000 (including subsidiaries)
ParentDubai Inc.
Websitedubaiholding.com/en Edit this on Wikidata

It is a global investment holding company. Mohamed al Gergawi built the portfolio.[2] Sheikh Ahmed bin Saeed al-Maktoum has been appointed as chairman by the Dubai ruler.[3] Dubai Holding has over AED 130 billion in assets in 13 countries as well more than 20,000 employees worldwide.[4][5]

In 2021, leaks from the Pandora Papers revealed that Dubai Holding owned three companies through a secretive offshore system.[6]

History

Dubai Holding was established in 2004.[7]

  • 2004: Madinat Jumeirah opened, as a themed Arabian resort.[8]
  • 2005: Dubai Studio City was announced.[9]
  • 2005: du launched in 2005, with the mission to connect people and businesses through mobile, telephone, broadband and IPTV services across the UAE.[10]
  • 2005: Dubai International Academic City opened.[11]
  • 2006: Emirates International Communications (EIT) launched in 2006, and invested in communication organizations across the Middle East, Europe, Africa and South Asia, including Interoute Communications Ltd.[12]
  • 2007: SmartCity launched in Kochi and Malta, creating purpose-built spaces for working and living.[13]
  • 2008: Jumeirah Beach Residence officially opened.[14]
  • 2013: The Dubai Design District (d3) was created for the design community, both local and international.[15]
  • 2013: in5 launched to provide early stage companies with support, infrastructure and a working environment.[16]
  • 2014: Mall of the World was announced in 2014, to align with the Dubai Tourism Vision 2020.[17]
  • 2014: The Creative Community at d3 was announced in 2014, offering an outdoor space for creative activities.[18]
  • 2014: The Innovation Hub was announced in 2014, and focused on innovation across new media, technology, smart education and sciences coming from Dubai Media City and Dubai Internet City. It was inaugurated in May 2022.[19]

Subsidiaries

Major business groups of Dubai Holding:[20]

References
  1. "Operational progress drives Dubai Holding revenues up 16%". Gulf News. Retrieved 2017-12-26.
  2. Young, Karen E. (2014). The Political Economy of Energy, Finance and Security in the United Arab Emirates. London: Palgrave Macmillan UK. pp. 69–70. doi:10.1057/9781137021977. ISBN 978-1-349-43777-1.
  3. "Dubai ruler appoints Emirates' chairman to oversee Dubai Holding, Meraas". www.reuters.com/. 7 November 2019. Retrieved 2019-11-07.
  4. "Global Investment Holding Company | Dubai Holding". Dubai Holding Website. Retrieved 2021-08-24.
  5. "Dubai Holding | Leading Developer | Dubai Properties". www.dp.ae. Retrieved 2021-08-24.
  6. Miller, Greg; Cenziper, Debbie; Whoriskey, Peter. "Billions hidden beyond reach". Washington Post. Retrieved 2021-10-03.
  7. Best of Dubai. ISBN 9781904566717.
  8. "Complete Guide to Madinat Jumeirah in Dubai". uaecontact.com.
  9. "Studio City's Boutique Studios". gulfnews.com.
  10. The Report: Dubai 2008 Studios. 2008. ISBN 9781902339054.
  11. "Dubai Academic City". education.theemiratesnetwork.com. Archived from the original on 2018-07-12. Retrieved 2017-11-05.
  12. "Dubai Holding Profile". bloomberg.com.
  13. "Dubai Back Smart City Opens, Eyes 90,000 Tech Jobs by 2020". bloomberg.com.
  14. "Jumeirah Beach Residence Miami Right Here". gulfnews.com.
  15. "Construction Starts on 272m Phase 2 of Dubai Design District". arabianbusiness.com.
  16. "In5 start-up incubator launched in UAE". arabianbusiness.com.
  17. "Dubai's Mall of the World Development on the Move Again". thenational.ae. 31 August 2016.
  18. "Dubai Design District Phase Two and Three to be Ready by 2019 and 2021". thenational.ae. 12 October 2016.
  19. "Meet the DIFC Innovation Hub: A Home for the Ecosystem". MAGNiTT. MAGNiTT. May 19, 2022. Retrieved 2023-10-19.
  20. "Dubai Holding (L.L.C) (Dubai Holding) - Company Details on ZAWYA MENA Edition". www.zawya.com. Retrieved 2018-05-30.
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