Dubai Holding is engaged directly, and through subsidiaries in finance, real estate, technology, hospitality, energy, healthcare, aerospace, communication, industrial manufacturing, biotechnology, education, leisure and entertainment, and telecommunication sectors. Dubai Holding, Investment Corporation of DubaiInvestment Corporation of Dubai and Dubai WorldDubai World are the main holding companies owned by the government of Dubai which all own most of government enterprises in the Emirate.

The group dates back to 1997, when Jumeirah GroupJumeirah Group was launched, followed by Burj Al Arab opening in 1999. Dubai Holding was officially launched in 2004 to consolidate all entities under one umbrella. The group operates three main companies, Dubai Holding Commercial Operations Group, Dubai GroupDubai Group and Dubai International Capital.

The Dubai Holding Commercial Operations GroupThe Dubai Holding Commercial Operations Group runs all non-financial subsidiaries of Dubai Holding that operate in telecommunications, real estate, infrastructure and leisure. DHCOGDHCOG was established in 2006 as a holding company for Tecom Investments, Dubai Properties GroupDubai Properties Group, Sama DubaiSama Dubai, Jumeirah GroupJumeirah Group and Tatweer. In February 2007, DHCOGDHCOG listed bonds worth USD2.46 billion on DIFX. The company paid its first AED1 billion (USD272.2 million) Eurobonds maturing in November 2008, in addition to AED1.4 billion (USD381.2 million) of banks loans.

Dubai GroupDubai Group is the company’s financial investment arm, which invests surplus cash flow and focuses on start-up investments in Dubai’s banking and financial services sector; Dubai GroupDubai Group owns a 25% stake in the Emirate’s newest Islamic bank, Noor Islamic Bank, via its subsidiary, Dubai Investment Group. Its portfolio also includes entities such as the Dubai Financial GroupDubai Financial Group, the Dubai Islamic Investment GroupDubai Islamic Investment Group, the Dubai Banking GroupDubai Banking Group as well as international stakes in Asia and Europe.

Dubai International Capital (DIC)Dubai International Capital (DIC) focuses primarily on private and public equity investments, and has stakes in international and local companies in North America, Europe, Asia-Pacific, the Middle East and North Africa.