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Sunday 14 March 2010 (UAE)
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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 Friday 01-May-2009
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
- Dubai directory - add your link free