Dubai Holding

Dubai Holding is Dubai ruler Sheikh Mohammed bin Rashid al-Maktoum's global investment holding company and personal investment portfolio.[2]

Mohamed al-Gergawi built the company's portfolio.[2] Sheikh Ahmed bin Saeed al-Maktoum was appointed chairman by the Dubai ruler.[3] Dubai Holding has over 130 billion AED 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]

• 2004: Madinat Jumeirah opened as a themed Arabian resort.[8]
• 2005: Dubai Studio City was announced.[9]
• 2005: du, a telecom provider company, was launched.[10]
• 2005: Dubai International Academic City opened.[11]
• 2006: Emirates International Communications (EIT) launched, and invested in communication organizations across the Middle East, Europe, Africa and South Asia, including Interoute Communications Ltd.[12]
• 2007: SmartCity launches in Kochi and Malta.[13]
• 2008: Jumeirah Beach Residence officially opened.[14]
• 2013: The Dubai Design District (d3) was created, supposedly for the design community.[15]
• 2013: in5 launched to provide early-stage companies with support.[16]
• 2014: Mall of the World was announced to align with the Dubai Tourism Vision 2020.[17]
• 2014: The Creative Community at d3 was announced.[18]
• 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.[19]

Subsidiaries

Major business groups of Dubai Holding:[20]

• 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