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Dubai World - Dubai Government Holding Company

Dubai World (not to be confused with DP World or Dubai Ports World) is a holding company created by the Dubai government in 2006 with a portfolio of government owned entities (including DP World).

• Chairman is Sultan Ahmad Bin Sulayem.
• At launch of company in July 2006, quoted slogan was "The sun never sets on Dubai World".

Companies in Dubai World

• Dubai Ports World (DP World) and P & O - spending $3 billion expanding port facilities in Turkey, India, Djibouti, China, Vietnam and Peru.
• Inchcape Shipping Services - British based, bought by Istithmar in early 2006, has 247 offices in 50 countries.
• Istithmar - property and investments including the following:
  • 280 Park Avenue, New York (paid $1.2 billion in early 2006).
  • Loehmann's Holdings, a US fashion retailer (signed $300 million agreement to buy).
  • Perella Weinberg Partners, a financial services firm (part ownership with $100 million investment).
  • One Trafalgar Square, London (paid $274 million).
  • Spicejet, an Indian budget airline (part ownership with $50 million invested).
  • Time Warner - owns 2% through subsidiary Istithmar Media Investments.
• Istithmar Hotels - hotel investments including
  • Knickerbocker Hotel, Times Square, New York (paid $300 million).
  • Kerzner Group which owns luxury resort brands One and Only and The Atlantis (partial investment).
  • easyHotel - $400 million franchise agreement to build 38 hotels in 17 different countries.
• JAFZA (Jebel Ali Free Zone Authority) which manages/operates
  • Djibouti Free Zone
  • Port Klang Free Zone in Malaysia
• Limitless - real estate developer with $20 billion project in Pakistan - the Karachi Waterfront on 25,000 hectares.
• Nakheel - developer of The World and the three Palm Islands. Has $30 billion worth of projects on the go which will add 1500 km of coastline to Dubai. Also building the first 5 star hotel in Djibouti.

This information last updated Wednesday 20-Feb-2008

Related pages - Internal Links

• Dubai - FAQ home and index

• Dubai Holding - another Dubai government company
• Dubai International Capital - a subsidiary of Dubai Holding, not Dubai World
• Dubai Ports World
• Nakheel

Related websites - External Links (open in new window)

• www.dubaiworld.ae - Dubai World website
• Contact us to put your link here

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