Investment Corporation of Dubai
| United Arab Emirates – Dubai | US$ 70 Billion |
|---|---|
| Established: 2006 Transparency Rating: 4 |
Origin: Oil Firm Investment Style: Portfolio Entity Structure: Corporation |
Summary:
In the Emirate of Dubai of the United Arab Emirates, the sovereign wealth fund, is broken into several operating investment companies. It was formed in May 2006, with the transfer of the government’s portfolio of investments from The Department of Finance’s Investment Division. Similar to Abu Dhabi’s strategy, Dubai developed plans to diversify their reliance on oil exports through creating sovereign wealth vehicles. One of its goals is to help better manage Dubai’s state-owned enterprises.
Major Portfolio Holdings include:
Financial
Emirates NBD
Dubai Islamic Bank
Commercial Bank of Dubai
Borse Dubai
National Bonds Corporation
Noor Islamic Bank
Union National Bank
National Bank of Fujairah
Dubai Investments
Emirates Investment and Development (Emivest)
HSBC Middle East Finance Company Limited
Galadari Brothers Group
Transportation
Emirates Airlines
DNATA
Dubai Aerospace Enterprise
Industrials and Energy
Emirates National Oil Company (ENOC)
Dubai Aluminium Company Limited (DUBAL)
Dubai Cable Company (Private) Ltd
Dubai Ice Plant & Cold Stores
Real Estate, Consumer, and Other
Emaar Properties PJSC
Dubai Airport Free Zone
Dubai World Trade Centre
Dubai Silicon Oasis Authority
Golf in Dubai
Dubai Duty Free Establishment
Emirates Refreshments Company
Emirates Rawabi Est.
Emartech (DATEL)
Aswaaq
