Dubai Holding
Government owned company From Wikipedia, the free encyclopedia
Dubai Holding (Arabic: دبي القابضة) is Dubai ruler Sheikh Mohammed bin Rashid al-Maktoum's global investment holding company and personal investment portfolio.[2]
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| Company type | State-owned |
|---|---|
| Industry | Hospitality Financial services Real estate Specialised business parks Healthcare Media |
| Founded | October 2004 |
| Headquarters | Dubai Holding Corporate Office (Dubai) |
Key people | Sheikh Ahmed bin Saeed Al Maktoum (Chairman) Amit Kaushal (CEO) |
| Revenue | US$4.57 billion (2016)[1] |
Number of employees | 15,000 (including subsidiaries) |
| Parent | Dubai Inc. |
| Website | dubaiholding |
Mohamed al-Gergawi built the company's portfolio.[2] Sheikh Ahmed bin Saeed al-Maktoum was appointed chairman by the Dubai ruler.[3] Dubai Holding has over DH 130 billion in assets in 13 countries and around 20,000 employees worldwide.[4][5]
In 2021, leaks from the Pandora Papers about a secretive offshore system used to hide income from tax authorities and creditors revealed that Dubai Holding used three shell companies.[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, a telecom provider company, was launched.[10]
- 2005: Dubai International Academic City opened.[11]
- 2006: Emirates International Communications (EIT) launched, and invested in communication organizations across the Middle East, Europe, Africa and South Asia, including Interoute Communications Ltd.[12]
- 2007: SmartCity launches in Kochi and Malta.[13]
- 2008: Jumeirah Beach Residence officially opened.[14]
- 2013: The Dubai Design District (d3) was created, supposedly for the design community.[15]
- 2013: in5 launched to provide early-stage companies with support.[16]
- 2014: Mall of the World was announced to align with the Dubai Tourism Vision 2020.[17]
- 2014: The Creative Community at d3 was announced.[18]
- 2014: The Innovation Hub was announced; the hub focused on innovation from Dubai Media City and Dubai Internet City. It was inaugurated in May 2022.[19]
Subsidiaries
Major business groups of Dubai Holding:[20]
References
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