Dubai Holding

Dubai Holding (Arabic: دبي القابضة‎) is a global investment holding company that develops and manages a number of companies focused on investments, financial services, real estate, specialized business parks, telecommunications and hospitality. Its majority shares are owned by Sheikh Mohammed bin Rashid Al Maktoum, the Ruler of the Emirate of Dubai, and the primary founder of Dubai Inc..[2] Sheikh Ahmed bin Saeed al-Maktoum has been appointed as chairman by Dubai ruler Sheikh Mohammed bin Rashid al-Maktoum.[3]

Not to be confused with Dubai Holding Group.
Dubai Holding
دبي القابضة
TypeHolding Company (Government-owned)
IndustryHospitality
Financial services
Real Estate
Specialised Business Parks
Healthcare
Media
Telecommunication
FoundedOctober, 2004
Headquarters
Dubai Holding Corporate Office in Dubai
,
United Arab Emirates
Key people
  • Sheikh Ahmed bin Saeed Al Maktoum
    (Chairman)
  • Amit Kaushal
    (Chief Executive Officer)
RevenueUS$4.57 billion (2016)[1]
Number of employees
15,000 (including subsidiaries)

History

Dubai Holding was established in 2004.[4]

  • 2004: Madinat Jumeirah opened, as a themed Arabian resort.[5]
  • 2005: Dubai Studio City was announced.[6]
  • 2005: du launched in 2005, with the mission to connect people and businesses through mobile, telephone, broadband and IPTV services across the UAE.[7]
  • 2005: Dubai International Academic City opened.[8]
  • 2006: Emirates International Communications (EIT) launched in 2006, and invests in communication organisations across the Middle East, Europe, Africa and South Asia, including Interoute Communications Ltd.[9]
  • 2007: SmartCity launched in Kochi and Malta, creating purpose-built spaces for working and living.[10]
  • 2008: Jumeirah Beach Residence official opening.[11]
  • 2013: The Dubai Design District (d3) was created for the design community, both local and international.[12]
  • 2013: in5 launched to provide early stage companies with support, infrastructure and a working environment.[13]
  • 2014: Mall of the World was announced in 2014, to aligned with the Dubai Tourism Vision 2020.[14]
  • 2014: The Creative Community at d3 was announced in 2014, offering an outdoor space for creatives.[15]
  • 2014: The Innovation Hub was announced in 2014, and will focus on innovation across new media, technology, smart education and sciences coming from Dubai Media City and Dubai Internet City. Phase I will be launched in 2017.[16]

Subsidiaries

Major business groups of Dubai Holding:[17]

1. Jumeirah Group, Jumeirah Hotels and Resorts is a Dubai-based international luxury hotel chain.[18]

2. Dubai Properties (DP), is a property development and management company based in Dubai, United Arab Emirates.[19] and its portfolio includes:

3. TECOM Group - formerly known as TECOM Investments, operates 11 sector-focused communities in Dubai.[20][21][22] It operates and develops onshore business parks and free trade zones, including:

- TECOM Group also invests in:

  • Dubai Science Park
  • eHosting Datafort - Internet hosting service for companies based in Dubai; provides services for IT security.
  • Emirates Central Cooling Systems Corporation (EMPOWER) - A District Cooling Company
  • Nexgen Advisory Group
  • Energy Management Services (EMS)

4. Arab Media Group - New Media and Family Entertainment Vertical also managing:

5. Dubai International Capital (DIC) is the international investment arm of Dubai Holding, a global conglomerate and sovereign wealth fund of the government of Dubai and its ruling family.[23]

6. Dubai Group is an investment company based in the United Arab Emirates. The company was founded in 2000 as the Investment Office, and was renamed Dubai Group in 2005.[24] Through its companies, the group focuses on banking, investments and insurance in the United Arab Emirates and globally.[25]

7. Emirates Integrated Telecommunications Company invests in telecommunications in EMEASA region.[26]

8. Meraas is company having interest in Real estate, tourism, retail, F&B, leisure and entertainment, hospitality, healthcare.[27]

References
  1. "Operational progress drives Dubai Holding revenues up 16%". Gulf News. Retrieved 2017-12-26.
  2. "Dubai Holding Profile", Zawya.
  3. "Dubai ruler appoints Emirates' chairman to oversee Dubai Holding, Meraas". www.reuters.com/. Retrieved 2019-11-07.
  4. Best of Dubai. ISBN 9781904566717.
  5. "Complete Guide to Madinat Jumeirah in Dubai". uaecontact.com.
  6. "Studio City's Boutique Studios". gulfnews.com.
  7. The Report: Dubai 2008 Studios. 2008. ISBN 9781902339054.
  8. "Dubai Academic City". education.theemiratesnetwork.com.
  9. "Dubai Holding Profile". bloomberg.com.
  10. "Dubai Back Smart City Opens, Eyes 90,000 Tech Jobs by 2020". bloomberg.com.
  11. "Jumeirah Beach Residence Miami Right Here". gulfnews.com.
  12. "Construction Starts on 272m Phase 2 of Dubai Design District". arabianbusiness.com.
  13. "In5 start-up incubator launched in UAE". arabianbusiness.com.
  14. "Dubai's Mall of the World Development on the Move Again". thenational.ae.
  15. "Dubai Design District Phase Two and Three to be Ready by 2019 and 2021". thenational.ae.
  16. "Hamdan Launches Dubai Innovation Hub Initiative". thenational.ae.
  17. "Dubai Holding (L.L.C) (Dubai Holding) - Company Details on ZAWYA MENA Edition". www.zawya.com. Retrieved 2018-05-30.
  18. "Jumeriah Group Profile". zawya.com.
  19. "Contact Us". Dubaipropertiesgroup.ae. Retrieved 2013-07-09.
  20. Report, Staff. "Tecom Group rebrands two communities - Khaleej Times". www.khaleejtimes.com. Retrieved 2016-06-30.
  21. Bhatia, Neha. "TECOM Investments to rebrand at Cityscape Global | ConstructionWeekOnline.com". www.constructionweekonline.com. Retrieved 2016-06-30.
  22. "TECOM Brand Re-positioning Strategy |Creative Marketing & Branding Agency|Brash". www.brashbrands.com. Archived from the original on 2017-07-09. Retrieved 2016-06-30.
  23. "Dubai International Capital Profile". bloomberg.com.
  24. "Zawya Dubai Group Profile". Archived from the original on February 23, 2009. Retrieved April 13, 2010.
  25. "Dubai Group: Private Company Information - Businessweek". Investing.businessweek.com. 2014-12-22. Retrieved 2015-04-16.
  26. "Emirates International Telecommunications Profile". zawya.com.
  27. "Property developer Meraas to become part of Dubai Holding". The National. Retrieved 2020-07-13.
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