Dubai Holding
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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 |
Dubai Holding (Arabic: دبي القابضة) is Dubai ruler Sheikh Mohammed bin Rashid al-Maktoum's global investment holding company and personal investment portfolio,[2] which owns 99.67% of the capital.
Mohamed al-Gergawi built the company's portfolio.[2] Sheikh Ahmed bin Saeed al-Maktoum has been 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
[edit]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
[edit]Major business groups of Dubai Holding:[20]
- Jumeirah Group
- Dubai Properties
- TECOM Group
- Arab Media Group
- Dubai International Capital
- Dubai Group
- Emirates Integrated Telecommunications Company
- Meraas
- Wild Wadi Waterpark
- The Emirates Academy of Hospitality Management
- Dubai Parks and Resorts
References
[edit]- ^ "Operational progress drives Dubai Holding revenues up 16%". Gulf News. 25 February 2017. Retrieved 2017-12-26.
- ^ a b Young, Karen E. (2014). The Political Economy of Energy, Finance and Security in the United Arab Emirates. London: Palgrave Macmillan UK. pp. 69–70. doi:10.1057/9781137021977. ISBN 978-1-349-43777-1.
- ^ "Dubai ruler appoints Emirates' chairman to oversee Dubai Holding, Meraas". www.reuters.com/. 7 November 2019. Retrieved 2019-11-07.
- ^ "Global Investment Holding Company | Dubai Holding". Dubai Holding Website. Retrieved 2021-08-24.
- ^ "Dubai Holding | Leading Developer | Dubai Properties". www.dp.ae. Retrieved 2021-08-24.
- ^ Miller, Greg; Cenziper, Debbie; Whoriskey, Peter. "Billions hidden beyond reach". Washington Post. Archived from the original on 16 May 2024.
- ^ Best of Dubai. Global Village Productions. ISBN 9781904566717.
- ^ "Complete Guide to Madinat Jumeirah in Dubai". uaecontact.com. 23 June 2015.
- ^ "Studio City's Boutique Studios". gulfnews.com.
- ^ The Report: Dubai 2008 Studios. Oxford Business. 2008. ISBN 9781902339054.
- ^ "Dubai Academic City". education.theemiratesnetwork.com. Archived from the original on 2018-07-12. Retrieved 2017-11-05.
- ^ "Dubai Holding Profile". bloomberg.com.
- ^ "Dubai Back Smart City Opens, Eyes 90,000 Tech Jobs by 2020". Arabian Business. bloomberg.com. 26 February 2016.
- ^ "Jumeirah Beach Residence Miami Right Here". gulfnews.com. Archived from the original on 2018-08-14. Retrieved 2018-01-02.
- ^ "Construction Starts on 272m Phase 2 of Dubai Design District". Arabian Business. arabianbusiness.com. 12 October 2016.
- ^ "In5 start-up incubator launched in UAE". Edge Middle East. arabianbusiness.com. 19 September 2011.
- ^ "Dubai's Mall of the World Development on the Move Again". thenational.ae. 31 August 2016.
- ^ "Dubai Design District Phase Two and Three to be Ready by 2019 and 2021". thenational.ae. 12 October 2016.
- ^ "Meet the DIFC Innovation Hub: A Home for the Ecosystem". MAGNiTT. May 19, 2022. Retrieved 2023-10-19.
- ^ "Dubai Holding (L.L.C) (Dubai Holding) - Company Details on ZAWYA MENA Edition". www.zawya.com. Retrieved 2018-05-30.