Dubai Holding
Dubai Holding is Dubai ruler Sheikh Mohammed bin Rashid al-Maktoum's global investment holding company and personal investment portfolio.
Mohamed al-Gergawi built the company's portfolio. Sheikh Ahmed bin Saeed al-Maktoum was appointed chairman by the Dubai ruler. Dubai Holding has over in assets in 13 countries and around 20,000 employees worldwide.
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.
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 launched, and invested in communication organizations across the Middle East, Europe, Africa and South Asia, including Interoute Communications Ltd.
- 2007: SmartCity launches in Kochi and Malta.
- 2008: Jumeirah Beach Residence officially opened.
- 2013: The Dubai Design District was created, supposedly for the design community.
- 2013: in5 launched to provide early-stage companies with support.
- 2014: Mall of the World 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