Dubai Holding ( ar, دبي القابضة) is Dubai ruler
Sheikh Mohammed bin Rashid al-Maktoum's personal investment portfolio,
which owns 99.67% of the capital.
It is a global
investment holding company
A holding company is a company whose primary business is holding a controlling interest in the securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own shares of other companies ...
.
Mohamed al Gergawi built the portfolio.
has been appointed as chairman by Dubai ruler. Dubai Holding has over US$130 billion in assets in 13 countries as well more than 20,000 employees worldwide.
In 2021, the Pandora Papers leaks revealed that Dubai Holding owned three companies through a secretive offshore system.
History
Dubai Holding was established in 2004.
* ''2004'':
Madinat Jumeirah
Madinat Jumeirah the Arabian Resort - Dubai is a 5 star resort in Dubai. It is the largest resort in the Emirate, spreading across over 40 hectares of landscapes and gardens. It is designed to resemble a traditional Arabian town. The resort comp ...
opened, as a themed Arabian resort.
* ''2005'': Dubai Studio City was announced.
* ''2005'':
du launched in 2005, with the mission to connect people and businesses through mobile, telephone, broadband and IPTV services across the UAE.
* ''2005'':
Dubai International Academic City
Dubai International Academic City (DIAC), informally known as Academic City, is a university town in the city of Dubai, United Arab Emirates along the Dubai-Al Ain Road. The project was launched in May 2006 in liaison with Dubai Knowledge Park. T ...
opened.
* ''2006'': Emirates International Communications (EIT) launched in 2006, and invests in communication organizations across the Middle East, Europe, Africa and South Asia, including
Interoute Communications Ltd.
* ''2007'':
SmartCity launched in Kochi and Malta, creating purpose-built spaces for working and living.
* ''2008'':
Jumeirah Beach Residence
Jumeirah Beach Residence (also known as JBR) is a long, gross floor area waterfront community located on the coast of the Persian Gulf in Dubai Marina in Dubai, United Arab Emirates. It is a residential development and contains 40 towers (35 are ...
official opening.
* ''2013'': The Dubai Design District (d3) was created for the design community, both local and international.
* ''2013'':
in5 launched to provide early stage companies with support, infrastructure and a working environment.
* ''2014'':
Mall of the World
Mall of the World is a project to build the largest shopping center of its kind in the world, which envisions a fully air conditioned city, comprising more than . Mall of the World was originally announced in November 2012 and was planned to be th ...
was announced in 2014, to aligned with the Dubai Tourism Vision 2020.
* ''2014'': The Creative Community at d3 was announced in 2014, offering an outdoor space for creatives.
* ''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.
Subsidiaries
Major business groups of Dubai Holding:
*
Jumeirah Group
Jumeirah Hotels and Resorts is an Emirati state-owned luxury hotel chain. The Jumeirah Group was created in 1997 and became part of the Dubai Holding in 2004, which is Sheikh Mohammed bin Rashid al-Maktoum's personal corporate portfolio. Profess ...
*
Dubai Properties
Dubai Properties is a property development and management company based in Dubai, United Arab Emirates. The company is a member of the Dubai Holding group.
Dubai Properties is a member of the Dubai Holding group and is based in Dubai, United Ara ...
*
TECOM Group
The Marine Corps Training and Education Command (TECOM) is the primary training command of the United States Marine Corps.
Commands within TECOM
There are two major commands that fall under TECOM – Training Command and Education Command.
Tra ...
*
Arab Media Group
Arab Media Group (AMG) is a Dubai, United Arab Emirates based entertainment company and a strategic business vertical of Dubai Holding. AMG covers radio broadcasting, event management, and family entertainment. AMG is an engaging premier integra ...
*
Dubai International Capital
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. DIC invests private funds on behalf of Dubai Holding and ...
*
Dubai Group
*
Emirates Integrated Telecommunications Company
Emirates Integrated Telecommunications Company P.J.S.C. ( ar, شركة الإمارات للاتصالات المتكاملة), commercially rebranded as ''du'' in February 2007, is one of the two main telecom operators in the United Arab Emi ...
*
Meraas
* Wild Wadi Waterpark
* The Emirates Academy of Hospitality Management
References
{{authority control
Financial services companies established in 2004
Companies based in Dubai
Investment companies of the United Arab Emirates
Holding companies established in 2004
Government-owned companies of the United Arab Emirates