Dubai Holding Explained

Dubai Holding should not be confused with Dubai Holding Group.

Dubai Holding
Arabic: دبي القابضة
Type:State-owned
Foundation:October 2004
Key People:Sheikh Ahmed bin Saeed Al Maktoum (Chairman)
Amit Kaushal (CEO)
Location City:Dubai Holding Corporate Office (Dubai)
Parent:Dubai Inc.
Industry:Hospitality
Financial services
Real estate
Specialised business parks
Healthcare
Media
Revenue:US$4.57 billion (2016)[1]
Num Employees:15,000 (including subsidiaries)

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. Sheikh Ahmed bin Saeed al-Maktoum has been appointed chairman by the Dubai ruler.[3] Dubai Holding has over 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]

Subsidiaries

Major business groups of Dubai Holding:[20]

Notes and References

  1. Web site: Operational progress drives Dubai Holding revenues up 16% . 25 February 2017 . Gulf News . 2017-12-26.
  2. Book: Young, Karen E.. The Political Economy of Energy, Finance and Security in the United Arab Emirates. 2014. Palgrave Macmillan UK. 978-1-349-43777-1. London. 69–70. en. 10.1057/9781137021977.
  3. News: Dubai ruler appoints Emirates' chairman to oversee Dubai Holding, Meraas. www.reuters.com/. 7 November 2019. 2019-11-07.
  4. Web site: Global Investment Holding Company Dubai Holding. 2021-08-24. Dubai Holding Website. en.
  5. Web site: Dubai Holding Leading Developer Dubai Properties. 2021-08-24. www.dp.ae. en.
  6. News: Miller . Greg . Cenziper . Debbie . Whoriskey . Peter . 3 October 2021 . Billions hidden beyond reach . subscription . https://web.archive.org/web/20240516124801/https://www.washingtonpost.com/business/interactive/2021/pandora-papers-offshore-finance/ . 16 May 2024 . Washington Post.
  7. Book: Best of Dubai. Global Village Productions . 9781904566717.
  8. Web site: Complete Guide to Madinat Jumeirah in Dubai. 23 June 2015 . uaecontact.com.
  9. Web site: Studio City's Boutique Studios. gulfnews.com.
  10. Book: The Report: Dubai 2008 Studios. 2008. Oxford Business . 9781902339054.
  11. Web site: Dubai Academic City. education.theemiratesnetwork.com. 2017-11-05. 2018-07-12. https://web.archive.org/web/20180712094133/http://education.theemiratesnetwork.com/zones/dubai_academic_city.php. dead.
  12. Web site: Dubai Holding Profile. bloomberg.com.
  13. News: Dubai Back Smart City Opens, Eyes 90,000 Tech Jobs by 2020. Arabian Business . 26 February 2016 . bloomberg.com.
  14. Web site: Jumeirah Beach Residence Miami Right Here. gulfnews.com. 2018-01-02. 2018-08-14. https://web.archive.org/web/20180814202402/https://gulfnews.com/news/uae/property/jumeirah-beach-residence-miami-right-here-1.781929. dead.
  15. News: Construction Starts on 272m Phase 2 of Dubai Design District. Arabian Business . 12 October 2016 . arabianbusiness.com.
  16. News: In5 start-up incubator launched in UAE. Edge Middle East . 19 September 2011 . arabianbusiness.com.
  17. Web site: Dubai's Mall of the World Development on the Move Again. 31 August 2016. thenational.ae.
  18. Web site: Dubai Design District Phase Two and Three to be Ready by 2019 and 2021. 12 October 2016. thenational.ae.
  19. Web site: May 19, 2022 . Meet the DIFC Innovation Hub: A Home for the Ecosystem . 2023-10-19 . MAGNiTT .
  20. Web site: Dubai Holding (L.L.C) (Dubai Holding) - Company Details on ZAWYA MENA Edition. www.zawya.com. en. 2018-05-30.

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