Dubai Holding () is Dubai ruler Sheikh Mohammed bin Rashid al-Maktoum's global

investment Investment is traditionally defined as the "commitment of resources into something expected to gain value over time". If an investment involves money, then it can be defined as a "commitment of money to receive more money later". From a broade ...

holding company A holding company is a company whose primary business is holding a controlling interest in the Security (finance), securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own Share ...

and personal investment portfolio. Mohamed al-Gergawi built the company's portfolio. Sheikh Ahmed bin Saeed al-Maktoum was appointed

chairman The chair, also chairman, chairwoman, or chairperson, is the presiding officer of an organized group such as a board, committee, or deliberative assembly. The person holding the office, who is typically elected or appointed by members of the gro ...

by the Dubai ruler. Dubai Holding has over in

asset In financial accounting, an asset is any resource owned or controlled by a business or an economic entity. It is anything (tangible or intangible) that can be used to produce positive economic value. Assets represent value of ownership that can b ...

s in 13 countries and around 20,000 employees worldwide. In 2021, leaks from the

Pandora Papers The Pandora Papers are 11.9 million leaked documents with 2.9 terabytes of data that the International Consortium of Investigative Journalists (ICIJ) published beginning on 3 October 2021. The leak exposed the secret offshore accounts of 35 ...

about a secretive offshore system used to hide income from tax authorities and creditors revealed that Dubai Holding used three shell companies.

History

Dubai Holding was established in 2004. * 2004: Madinat Jumeirah opened as a themed Arabian resort. * 2005: Dubai Studio City was announced. * 2005: du, a telecom provider company, was launched. * 2005: Dubai International Academic City opened. * 2006: Emirates International Communications (EIT) launched, and invested in communication organizations across the

Middle East The Middle East (term originally coined in English language) is a geopolitical region encompassing the Arabian Peninsula, the Levant, Turkey, Egypt, Iran, and Iraq. The term came into widespread usage by the United Kingdom and western Eur ...

Europe Europe is a continent located entirely in the Northern Hemisphere and mostly in the Eastern Hemisphere. It is bordered by the Arctic Ocean to the north, the Atlantic Ocean to the west, the Mediterranean Sea to the south, and Asia to the east ...

Africa Africa is the world's second-largest and second-most populous continent after Asia. At about 30.3 million km2 (11.7 million square miles) including adjacent islands, it covers 20% of Earth's land area and 6% of its total surfac ...

and

South Asia South Asia is the southern Subregion#Asia, subregion of Asia that is defined in both geographical and Ethnicity, ethnic-Culture, cultural terms. South Asia, with a population of 2.04 billion, contains a quarter (25%) of the world's populatio ...

, including Interoute Communications Ltd. * 2007: SmartCity launches in

Kochi Kochi ( , ), List of renamed Indian cities and states#Kerala, formerly known as Cochin ( ), is a major port city along the Malabar Coast of India bordering the Laccadive Sea. It is part of the Ernakulam district, district of Ernakulam in the ...

and

Malta Malta, officially the Republic of Malta, is an island country in Southern Europe located in the Mediterranean Sea, between Sicily and North Africa. It consists of an archipelago south of Italy, east of Tunisia, and north of Libya. The two ...

. * 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 ar ...

officially opened. * 2013: The Dubai Design District (d3) was created, supposedly for the design community. * 2013: in5 launched to provide early-stage companies with support. * 2014:

Mall of the World Mall of the World was a project to build the largest shopping center of its kind in the world, which envisioned a fully air conditioned city, comprising more than . Mall of the World was originally announced in November 2012 and was planned to be ...

was announced to align with the Dubai Tourism Vision 2020. * 2014: The Creative Community at d3 was announced. * 2014: The Innovation Hub was announced; the hub focused on innovation from Dubai Media City and Dubai Internet City. It was inaugurated in May 2022.

Subsidiaries

Major business groups of Dubai Holding: * Jumeirah Group * Dubai Properties * TECOM Group * Arab Media Group * Dubai International Capital * Dubai Group * Emirates Integrated Telecommunications Company * Meraas * Wild Wadi Waterpark * The Emirates Academy of Hospitality Management * Dubai Parks and Resorts

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 Dubai