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.