Investment Corporation of Dubai (Arabic: مؤسسة دبي للاستثمارات الحكومية, ICD) is the principal investment arm of the Government of Dubai[2] focused on strengthening Dubai’s economy through long-term value and wealth creation and investing in global opportunities.[3] Established in 2006, ICD manages the Government of Dubai Portfolio of commercial companies and investments.[4] In 2022, ICD reported assets worth $320 billion and revenue of $73 billion.[5] The Dubai-based corporation provides strategic oversight, develops and implements investment strategies and corporate governance policies, and operates in multiple sectors, including oil and gas, transportation, banking, and financial services.[6]
History
Established on 3 May 2006 under the Law No. 11 of 2006 issued by Mohammed bin Rashid Al Maktoum, to generate long-term wealth and value for Dubai.[7][8] It now has commercial companies and investments in 87 countries and 6 continents.[9]
Also that year, ICD took control of Flydubai[19] and Kerzner International Holdings,[20] while establishing Ithra Dubai, a property management and asset development subsidiary to manage strategic real estate assets.[21][22]
In 2016, ICD acquired Porto Montenegro Marina and Resort located in the world heritage site Bay of Kotor from Montport Capital.[23][24] In 2017, ALEC Engineering and Contracting Limited was acquired by ICD.[3]
In October 2017, ICD listed a $200 million Sukuk on NASDAQ Dubai, its second conventional bond listing following the $300 million bond listing in 2014. In addition, two Sharia-compliant bonds, one worth $1 billion and another worth $700 million, were also listed on Nasdaq Dubai in 2017 and May 2014.[25][26]
In 2018, ICD acquired ISS Global Forwarding[27] and made DAE a wholly-owned subsidiary in 2019.[16] In 2020, the Government of Dubai transferred Dubai Multi Commodities Centre Authority to ICD.[28] In 2020, ICD sold the W Washington D.C. Hotel to independent owners,[29] established its ESG Management Committee, formalised its ESG Policy and Framework and commissioned the carbon footprint of its operations certified in line with the ISO 14064 Standard and the Greenhouse Gas (GHG) Protocol.[30] In 2022, ICD disposed of its controlling stake in South Korean construction firm Ssangyong Engineering and Construction, selling shares to Global Sae-A Group in October.[31][32] In 2023, ICD sold aswaaq to GMG in January[33] and Columbus Centre Corporation (Cayman), which owns Mandarin Oriental NY Hotel to Reliance Industries.[34]
Subsidiary activities
During the period of 2007 - 2021, ICD subsidiaries carried out various other mergers and acquisitions.
In 2010, dnata acquired Alpha Flight Catering Group, an in-flight caterer in the United Kingdom.[41] The following year, dnata purchased Travel Republic Group, an online travel agency based in the UK. [42]
In 2013, ENBD acquired the Egyptian business of French bank BNP Paribas for $500 million,[43] while dnata also obtained a controlling stake in Servair Airchef, an in-flight catering provider in Italy.[44]
In 2016, dnata acquired Ground Services International, a ground-handling company based in the US.[52]
In 2017, DAE purchased Dublin-based commercial jet aircraft leasing company AWAS.[53] Emaar Development shares were then listed on the Dubai Financial Market.[54]
In 2018, dnata bought the catering business of Australian flag carrier and airline Qantas Airways.[55]
In 2019, ENBD acquired full ownership of DenizBank A.Ş in Turkey.[56] This was followed in 2020 by Emirates taking over American company Air Venture Holdings, which specialised in food and beverage retail sales.[56]
In 2024, ICD and Brookfield Corporation sold 49% stake of Dubai's ICD Brookfield Place to Abu Dhabi-based Lunate and Saudi Arabia conglomerate Olayan Financing Company.[61]
ICD's portfolio primarily includes businesses and assets either wholly or partially owned by the Dubai Government. ICD’s total assets cover the following sectors as of 31 December 2021 (% based on ICD’s investment):[7][65]
The Investment Corporation of Dubai (ICD) has a diversified portfolio of assets in financial, transportation, oil and gas, industrial, hospitality and leisure, real estate & construction, and retail & other sectors.[6]
Three major holdings make up 7% of ICD’s assets, including Emirates Global Aluminium (“EGA”),[75] Dubal Holding,[76] and Dubai Cable Company (“Ducab”) in the Industrial Sector.[77]
Six major Real Estate and Construction holdings, comprising 16% of ICD's assets, include Ithra Dubai, Emaar Properties (“EMAAR”), ALEC Engineering and Contracting Limited, ICD Brookfield Place (an equally owned joint venture partnership between ICD and Brookfield Property Partners),[79] Dubai Investments, and Dubai Integrated Economic Zones Authority (“DIEZ”). DEIZ was established on January 1, 2022, and encompasses Dubai Airport Freezone Authority (DAFZA), Dubai Silicon Oasis, and Dubai CommerCity (DCC).[80]
9% of ICD's assets are held by eight major Retail & other holdings, including Dubai Duty Free (“DDF”),[81] emaratech, Imdaad, Emirates Rawabi, Dubai Multi Commodities Centre Authority (“DMCC”), Dubai Global Connect (“DGC”),[82] ISS Global Forwarding, and SmartStream.[83][6]
Lele Jawa Lele jawa, Clarias batrachusdari Jatimulyo, Kunir, Lumajang Status konservasi Risiko Rendah (IUCN 3.1)[1] Klasifikasi ilmiah Kerajaan: Animalia Filum: Chordata Kelas: Actinopterygii Ordo: Siluriformes Famili: Clariidae Genus: Clarias Spesies: C. batrachus Nama binomial Clarias batrachus(Linnaeus, 1758) Sinonim Silurus batrachus Linnaeus, 1758[2] Clarias punctatus Valenciennes, 1840[3] Lele jawa atau lele kampung (Clarias batrachus) adalah sejenis i...
National Hockey League team in Illinois, United States For the American football team, see Chicago Black Hawks (American football). Blackhawks and Black Hawks redirect here. For other uses, see Black Hawk (disambiguation). Chicago Blackhawks 2023–24 Chicago Blackhawks seasonConferenceWesternDivisionCentralFounded1926HistoryChicago Black Hawks1926–1986Chicago Blackhawks1986–presentHome arenaUnited CenterCityChicago, IllinoisTeam colorsRed, white, black[1][2] ...
College in Conway, Arkansas, U.S. This article needs additional citations for verification. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed.Find sources: Central Baptist College – news · newspapers · books · scholar · JSTOR (October 2015) (Learn how and when to remove this template message) Central Baptist CollegeFormer namesCentral College for Christian Workers (May–Aug. 1952...
Disambiguazione – Se stai cercando altri significati, vedi Abruzzo (disambigua). Disambiguazione – Abruzzi rimanda qui. Se stai cercando altri significati, vedi Abruzzi (disambigua). Abruzzoregione a statuto ordinarioRegione Abruzzo (dettagli) (dettagli) Abruzzo – VedutaL'Abruzzo dal satellite LocalizzazioneStato Italia AmministrazioneCapoluogoL'Aquila PresidenteMarco Marsilio (FdI) dal 23-2-2019 (2º mandato dal 27-3-2024) Data di istituzione16 maggio ...
50th annual meeting of National Hockey League franchises to select newly eligible players A request that this article title be changed to 2012 NHL entry draft is under discussion. Please do not move this article until the discussion is closed. 2012 NHL Entry DraftGeneral informationDate(s)June 22–23, 2012LocationConsol Energy CenterPittsburgh, Pennsylvania, U.S.OverviewFirst selection Nail Yakupov(Edmonton Oilers)← 20112013 → The 2012 NHL Entry Draft was the 50th ...
Pansy, lambang pemikiran bebas. Pemikiran bebas adalah pandangan filosofis yang menyatakan opini harus dibentuk berdasarkan ilmu pengetahuan, logika, dan akal, dan tidak boleh dipengaruhi oleh kekuasaan, tradisi, dogma, dan agama.[1] Tahun 1600 dianggap sebagai dimulainya era pemikiran bebas modern, ditandai dengan penghukuman mati Giordano Bruno, mantan Pendeta Dominikan.[2] Ikhtisar Pemikiran bebas berpendapat bahwa setiap individual tidak harus menerima suatu ide yang diusu...
American philosopher (1935–2017) Jerry FodorFodor in 2007BornJerry Alan Fodor(1935-04-22)April 22, 1935New York City, USDiedNovember 29, 2017(2017-11-29) (aged 82)New York City, USAlma materColumbia UniversityPrinceton UniversityAwardsJean Nicod Prize (1993)Era20th-/21st-century philosophyRegionWestern philosophySchoolAnalyticInstitutionsRutgers UniversityThesisThe Uses of Use: A Study in the Philosophy of Language (1960)Doctoral advisorHilary PutnamOther academic adviso...
Campionati mondiali juniores di sci nordico 2011FIS Nordic Junior World Ski Championships Competizione Campionati mondiali juniores di sci nordico Sport Sci nordico Edizione 34ª Organizzatore FIS Date 25 - 31 gennaio 2011 Luogo EstoniaOtepää Discipline Combinata nordica, salto con gli sci, sci di fondo Cronologia della competizione Hinterzarten 2010 Erzurum 2012 Manuale I campionati mondiali juniores di sci nordico 2011 si sono svolti dal 25 al 31 gennaio 2011 a Otepää, in Estonia...
German jurist and social theorist Justus Möser Justus Möser (14 December 1720 – 8 January 1794) was a German jurist and social theorist, best known for his innovative history of Osnabrück which stressed social and cultural themes. Biography This article is part of a series onConservatism in Germany Ideologies Agrarian Christian democracy Liberal Ordo Ritter School Monarchism Nationalist Neue Rechte Völkisch Paternalistic State Socialism Prussianism Cameralistic Socialist Revolutiona...
Technische Hoogeschool te Bandoeng 1920-1942 Foto lulusan pertama sebanyak 12 civiel-ingenieurs dari TH Bandung di Aula (sekarang Aula Barat ITB) 1 Juli 1924. Dari 12 wisudawan satu orang tidak hadir karena sudah langsung bekerja, dia adalah Ir. Willem van Tijen, sementara 11 lainnya adalah (urutan tidak sesuai foto): (1) Ir. Bernard Elenbaas; (2) Ir. Robert Theopile Hees; (3) Ir. Hoo King Hoen; (4) Ir. Philibert Jordaan; (5) Ir. Timo Arnold Marinus Koster; (6) Ir. Charles Herman Fokko Montei...
French soldier and diplomat (1768–1828) Jacques Alexandre Bernard Law de LauristonPortrait by Marie-Éléonore GodefroidBorn(1768-02-01)1 February 1768Pondicherry, French IndiaDied12 June 1828(1828-06-12) (aged 60)Paris, FranceAllegiance Kingdom of France Kingdom of the French French First Republic First French Empire Bourbon RestorationService/branchArtillery, staffYears of service1786-1828RankMarshal of FranceBattles/warsFrench Revolutionary WarsNapoleonic Wa...
River in Wyoming and Nebraska, United States Niobrara RiverNiobrara River at the Nebraska Highway 7 crossingMap of the Niobrara River (light blue)EtymologyPonca, Ní Ubthátha khe, translating to water spread-out horizontal-theNative nameNí Ubthátha khe (Omaha–Ponca)LocationCountryUnited StatesStateWyoming, NebraskaCitiesNiobrara, NE, Anncar, NE, Valentine, NE, Agate, NE, Van Tassell, WY, Lusk, WYPhysical characteristicsSource • locationNiobrara County, nea...
إياس أبو غزالة معلومات شخصية اسم الولادة إياس بسام لطفي أبو غزالة الميلاد 4 أغسطس 1979 (45 سنة) دمشق مواطنة سوريا دولة فلسطين عضو في نقابة الفنانين السوريين الأب بسام لطفي الحياة العملية المهنة ممثل اللغة الأم العربية اللغات العربية مجال العمل ال�...
Institutional corruption in the country Political corruption Forms and concepts Bribery Cronyism Economics of corruption Electoral fraud Elite capture Influence peddling Kleptocracy Mafia state Nepotism Pyrrhic defeat theory Slush fund Simony State capture State-corporate crime Throffer Anti-corruption International Anti-Corruption Court Group of States Against Corruption International Anti-Corruption Academy International Anti-Corruption Day United Nations Convention against Corruption Corru...
Estrecho de Vries Пролив Фриза; Prolivel Friza - 宮部線, Miyabe-sen Vista de satélite del estrecho (aariba, a la dcha.)Ubicación geográficaContinente Extremo Oriente (Asia)Océano Mar de Ojotsk (Pacífico)Archipiélago Islas KurilesIsla Iturup y UrupCoordenadas 45°30′20″N 149°10′36″E / 45.505556, 149.176667Ubicación administrativaPaís Rusia RusiaDivisión Óblast de SajalínCuerpo de aguaLongitud 30 kmAncho máximo 42 kmProfundidad Media: 500 m (m�...
Francesco Melzi d'ErilFrancesco Melzi d'Eril ritratto da Andrea Appiani Vicepresidente della Repubblica ItalianaDurata mandato26 gennaio 1802 –17 marzo 1805 PresidenteNapoleone Bonaparte Predecessorecarica creata Successorecarica abolita(Eugenio di Beauharnais come Viceré d'Italia) Gran Cancelliere del Regno d'ItaliaDurata mandato1805 –1814 MonarcaNapoleone I Predecessorecarica creata Successorecarica abolita Dati generaliPrefisso onorificoSua grazia Suff...
A questa voce o sezione va aggiunto il template sinottico {{Lingua}} Puoi aggiungere e riempire il template secondo le istruzioni e poi rimuovere questo avviso. Se non sei in grado di riempirlo in buona parte, non fare nulla; non inserire template vuoti. Questa voce o sezione sull'argomento dialetti non cita le fonti necessarie o quelle presenti sono insufficienti. Puoi migliorare questa voce aggiungendo citazioni da fonti attendibili secondo le linee guida sull'uso ...
The following list of Carnegie libraries in Nebraska provides detailed information on United States Carnegie libraries in Nebraska, where 69 libraries were built from 68 grants (totaling $707,488) awarded by the Carnegie Corporation of New York from 1899 to 1917. Key Building still operating as a library Building standing, but now serving another purpose Building no longer standing Building listed on the National Register of Historic Places ...