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Dubai - Dubai Holding, the global investment holding company, today announced the launch of Dubai Holding Future Investments LLC (DHx), a regionally focused company, to support the growth and development of young innovative businesses in the region.
DHx will leverage Dubai Holding’s networks, assets and strategic regional position to enable new businesses to access capital, and specific industry expertise to grow their enterprises from smaller operations into larger, global entities.
Ahmad Bin Byat, Vice Chairman & Managing Director, Dubai Holding, said: “The growth of innovative businesses is the future lifeblood of economies and critical to job creation, talent development and the unlocking of creative ideas. The MENA region is still in early stages compared to more developed markets in terms of investment into new ventures, especially in the technology sector. This has to change if we are to help the next generation build the successful businesses that will support our future economies. DHx seeks to identify promising companies and enable them to scale quickly and effectively, while delivering sustainable, long-term returns on investment.”
Khalfan Belhoul has been appointed Chief Executive Officer of DHx. Commenting on this new initiative from Dubai Holding to support the entrepreneurial ecosystem, Khalfan Belhoul said: The start-up and technological potential of the region is immense; where Dubai has firmly established itself as the epicentre for commercial activity in the region. As the world progresses towards the fourth Industrial revolution, where technology and new business concepts will shape the way we live, there is a significant opportunity for Dubai to become a global hotbed for innovative start-ups, and venture capital investment. DHx seeks to be the catalyst in rapidly accelerating the growth of the ecosystem, and work hand-in-hand with the stakeholders in our sector.
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About Dubai Holding
Dubai Holding is an investment conglomerate with operations in 21 countries employing over 22,000 people. Established in 2004, Dubai Holding today manages an AED 130 billion portfolio of assets, which supports the strong development of Dubai’s non-oil economy across sectors including; tourism, hospitality, real estate, media, ICT, education, design and trade. Its portfolio includes TECOM Group, which manages 11 of Dubai’s most successful business communities; Jumeirah Group, the hospitality arm which owns and operates 21 hotel developments in 9 destinations in 8 countries; Dubai Properties Group, one of the largest fully integrated and community development business in Dubai; Family Entertainment and New Media, which implements a strategic plan to develop new family destinations and further grow digital media business lines.
Dubai Holding’s current project pipeline will add significantly to the Emirate’s portfolio of landmarks. This includes Jumeirah Central, a game-changing district development on Sheikh Zayed Road; and Dubai Creek Harbour, a joint venture with Emaar Properties to build a futuristic waterfront city at The Lagoons. Dubai Holding plays an influential role in delivering on Dubai’s economic diversification strategy and initiatives such as Tourism Vision 2020, Dubai Smart City, Dubai Innovation Strategy and Dubai Industrial Strategy.
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© Press Release 2017
