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Dubai Holding (not Dubai Holdings or Dubai Holding Company)
Dubai Holding is an umbrella or holding company
created by the Dubai Government to develop large infrastructure
projects in
Dubai. Sometimes mistakenly referred to as Dubai Holdings.
CEO is Mohammed Al Gergawi (sometimes spelt Mohammed Al Gargawi).
Should not be confused with Dubai Holding Group LLC (Dubai based
retail group with franchises in international fashion).
Subsidiaries Dubai Investment Group and TECOM bid $2.25 bn for
a 35% stake in Tunisie Telecom in March 2006. Same subsidiaries
also acquired 60% of Maltacom earlier in 2006.
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List of Dubai Holding companies
- Bawadi (Tatweer) - a AED 100 billion
tourism development.
- Dubai Energy (Tatweer) - invest in energy projects.
- Dubai Healthcare City (Tatweer) - develop medical treatment
and research facilities (near Wafi City in Bur Dubai).
- Dubai Industrial City
- Dubai International
Capital - international investments.
- Dubai International Properties
- Dubai Internet City (Tatweer)
- Dubai Investment Group
- Dubai Knowledge Village
(DKV or KV)
- Dubai Media City (DMC)
- Dubai Mercantile Exchange (Tatweer)
- Dubai Outsource Zone
- Dubai Properties
- Dubai Studio
City
- Dubailand (Tatweer)
- Dubiotech - Dubai Biotechnology and Research Park
- eHosting Datafort
- Empower - Energy Solutions
- Global Village (Tatweer)
- International Media Production Zone
- Jumeirah Group
- Moutamarat (Tatweer) - joint venture with SRPC (Saudi Research
and Publishing Company) to manage Dubai based conferences and
exhibitions.
- Sama Dubai
- Samacom - Satellite and Broadcasting Solutions
- Tatweer - holding company for some of
Dubai Holding's companies.
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Tatweer and the Bawadi Project
In December 2005, Al Gargawi announced the creation of Tatweer, a
holding company owned by Dubai Holding, to manage a portfolio of
Dubai Holding's companies including
- Dubailand
- Dubai Healthcare City
- Dubai Industrial City
- Dubai
Energy
- Dubai Mercantile Exchange
- Global Village
- Mizin - launched Sep 2006, real estate development and facilities
management services. Responsible for infrastructure development of
Tatweer's projects. CEO is Sami Al Hashmi. Expecting to launch 5 billion
dhs worth of projects from Sep 2006 to Feb 2008.
- Moutamarat
CEO of Tatweer is Saeed Al Muntafiq who is also Director General of
the DDIA (Dubai Development and Investment Authority).
Bawadi Tourist Resort
At the beginning of May 2006, Tatweer announced the AED 100 billion
Bawadi project, a tourism development. Massive would be an understatement
- it will apparently be larger than Las Vegas. It will be built on a
10 km stretch of desert in Dubai Land over an area of 139 million square
feet with a capacity of almost 30,000 rooms in 35 themed hotels, 1500
restaurants,
100 theaters
and
what will be the largest hotel
in
the world
(AsiaAsia with 6500 rooms). Tatweer announced that during the first
nine hours of the Arabian Travel Market convention in May 2006, it had
secured
AED
30 billion
worth of investment for the Bawadi project. Dubailand itself is planned
to cover an area of 3 billion sq ft - twice the size of Disney World
in Florida.
The first phase is expected to be completed by 2010 when Dubai is expecting
15 million tourists annually. CEO is Arif Mubarak. Hotel resorts include...
- Asia-Asia - largest hotel in the world with 6500 rooms. Based on
well-known buildings in Asia.
- Pirates Cove Hotel and Resort - 800m dhs, 800 rooms, deal with Gantoot
Start General Trading (that's a real name). Theme has something to
do with boats.
- Sand Dunes Hotel - only a 4 star resort but a 5 star supply of sand.
- Wild Wild West Hotel - theme should be obvious from the name.
A total of 26 mega projects expected - 3 open by end 2006, 10 open by
2009, the rest open by 2012. Total of 300,000 employees with 200,000
visitors
every
day.
- Dubai Outlet
Mall - Phase I open August 2006.
- Dubai Heritage Vision - reportedly opening by end 2006.
- Emirates Planetarium (within the Restless Planet)
- Global Village (a permanent one).
- Polo and Equestrian - reportedly opening by end 2006.
- Restless Planet - Jurrassic Park comes alive. Sort of.
- Snow Dome
- Wheel - similar to the London Eye but bigger. Of course.
This information last updated
Monday 21-Jan-2008
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