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Dubai Holding

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Dubai Holding
دبي القابضة
Company typeState-owned
IndustryHospitality
Financial services
Real estate
Specialised business parks
Healthcare
Media
FoundedOctober 2004
Headquarters
Dubai Holding Corporate Office (Dubai)
Key people
Sheikh Ahmed bin Saeed Al Maktoum (Chairman)
Amit Kaushal (CEO)
RevenueIncreaseUS$4.57 billion (2016)[1]
Number of employees
15,000 (including subsidiaries)
ParentDubai Inc.
Websitedubaiholding.com/en Edit this on Wikidata

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

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Dubai Holding was established in 2004.[7]

Subsidiaries

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Major business groups of Dubai Holding:[20]

References

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  1. ^ "Operational progress drives Dubai Holding revenues up 16%". Gulf News. 25 February 2017. Retrieved 2017-12-26.
  2. ^ 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.
  3. ^ "Dubai ruler appoints Emirates' chairman to oversee Dubai Holding, Meraas". www.reuters.com/. 7 November 2019. Retrieved 2019-11-07.
  4. ^ "Global Investment Holding Company | Dubai Holding". Dubai Holding Website. Retrieved 2021-08-24.
  5. ^ "Dubai Holding | Leading Developer | Dubai Properties". www.dp.ae. Retrieved 2021-08-24.
  6. ^ Miller, Greg; Cenziper, Debbie; Whoriskey, Peter. "Billions hidden beyond reach". Washington Post. Archived from the original on 16 May 2024.
  7. ^ Best of Dubai. Global Village Productions. ISBN 9781904566717.
  8. ^ "Complete Guide to Madinat Jumeirah in Dubai". uaecontact.com. 23 June 2015.
  9. ^ "Studio City's Boutique Studios". gulfnews.com.
  10. ^ The Report: Dubai 2008 Studios. Oxford Business. 2008. ISBN 9781902339054.
  11. ^ "Dubai Academic City". education.theemiratesnetwork.com. Archived from the original on 2018-07-12. Retrieved 2017-11-05.
  12. ^ "Dubai Holding Profile". bloomberg.com.
  13. ^ "Dubai Back Smart City Opens, Eyes 90,000 Tech Jobs by 2020". Arabian Business. bloomberg.com. 26 February 2016.
  14. ^ "Jumeirah Beach Residence Miami Right Here". gulfnews.com. Archived from the original on 2018-08-14. Retrieved 2018-01-02.
  15. ^ "Construction Starts on 272m Phase 2 of Dubai Design District". Arabian Business. arabianbusiness.com. 12 October 2016.
  16. ^ "In5 start-up incubator launched in UAE". Edge Middle East. arabianbusiness.com. 19 September 2011.
  17. ^ "Dubai's Mall of the World Development on the Move Again". thenational.ae. 31 August 2016.
  18. ^ "Dubai Design District Phase Two and Three to be Ready by 2019 and 2021". thenational.ae. 12 October 2016.
  19. ^ "Meet the DIFC Innovation Hub: A Home for the Ecosystem". MAGNiTT. May 19, 2022. Retrieved 2023-10-19.
  20. ^ "Dubai Holding (L.L.C) (Dubai Holding) - Company Details on ZAWYA MENA Edition". www.zawya.com. Retrieved 2018-05-30.