Sovereign Wealth Funds Of The Gulf: Dubai Holding

Dubai Holding, like Dubai World which I have already covered in a previous post, is a division of the gigantic Dubai sovereign wealth fund, The Investment Corporation of Dubai. The company has over 32,000 employees, and offices all over the world. From Dubai Holding:

'Dubai Holding was created in 2004 to consolidate and lead Dubai's large-scale infrastructure and investment projects. We are committed to improving every aspect of life in the region by investing in life-improving industries.

'Our achievements have helped build the success and prosperity of the United Arab Emirates (UAE) and the surrounding region. This includes the creation of a world-class commercial and physical infrastructure that attracts multinational companies from around the globe, and our work with the Government of Dubai to promote Dubai as a role model and catalyst for the region’s economic and social development.'

Dubai Holding has companies in 13 different industries:

1. Hospitality
2. Technology
3. Communication
4. Education
5. Finance
6. Real Estate
7. Healthcare
8. Leisure & Entertainment
9. Industrial Manufacturing
10. Biotechnology
11. Energy
12. Telecommunication
13. Aerospace

Dubai Holding consists of 7 member companies that own, manage and run more than 250 businesses involved in the above 13 Industries. I will now cover each of these 7 member companies and list some of the major businesses owned by each company.

JUMEIRAH GROUP

The Jumeirah Group handles Dubai Holding’s renowned luxury hotels and resorts. They aim to become the international hospitality industry leader through a world-class property portfolio. The Jumeirah Group portfolio includes:

> Burj Al Arab, > Jumeirah Beach Hotel, > Madinat Jumeirah, > Jumeirah Bab Al Shams Desert Resort & Spa, > Jumeirah Carlton Tower, > Jumeirah Lowndes Hotel, > Jumeirah Essex House.

TECOM INVESTMENTS

TECOM Investments is working to build the knowledge economy in Dubai by providing and running free trade zones that support the development of knowledge-based industries. The TECOM portfolio includes:

> Dubai Internet City, > Dubai Media City, > Dubai Knowledge Village, > Dubai International Academic City, > Dubai Outsource Zone, > Dubai Studio City, > International Media Production Zone, > Enpark, > DuBiotech, > Empower, > Smart City, > eHosting Data Fort.

DUBAI GROUP

Dubai Group is Dubai Holding’s leading diversified financial services company, focusing on banking, investments and insurance both regionally and globally. The Dubai Group portfolio includes:

> Dubai Investment Group, > Dubai Capital Group, > Dubai Financial Group, > Dubai Banking Group, > Dubai Insurance Group, > Noor Investment Group.

DUBAI PROPERTIES GROUP

Dubai Properties Group is Dubai Holding’s pioneering community developer. It offers integrated and holistic services in real estate, retail, hospitality and lifestyle management. The Dubai Properties portfolio includes:

> Dubai Properties, > Salwan, > Injaz, > Dubai Asset Management, > Dubai Retail, > Dubai Hospitality.

TATWEER

Tatweer owns and manages a strategic group of companies for Dubai Holding. These cover real estate, hospitality, energy, healthcare, education, leisure and entertainment. The Tatweer portfolio includes:

> Dubailand, > Bawadi, > The Tiger Woods Dubai, > Universal Studios Dubailand, > Dubai Healthcare City, > Global Village, > DreamWorks Dubailand, > Six Flags Dubailand, > Dubai Industrial City, > Dubai Merchantile Exchange, > Mizin, > Dubai Energy.

SAMA DUBAI

Sama Dubai is the international real estate arm of Dubai Holding. Sama creates and invests in development projects around the world. The Sama Dubai portfolio includes:

> Dubai Towers, Dubai, > Dubai Towers, Qatar, > The Lagoons, > Salam, > Amwaj Morocco, > Mediterranean Gate, > Smart City.

DUBAI INTERNATIONAL CAPITAL

Dubai International Capital is a Dubai-based international investment company with a primary focus on private and public equity. The Dubai International Capital (DIC) portfolio includes:

> DIC Private Equity, > DIC Global Equities, > DIC Emerging Markets, > DIC Asset Management.