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Investment Corporation of Dubai

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Investment Corporation of Dubai
Sovereign wealth fund
Founded 📆
Founder 👔
Headquarters 🏙️,
Area served 🗺️
Key people
Sheikh Mohammed bin Rashid Al Maktoum (Chairman)
Sheikh Hamdan bin Mohammed Al Maktoum (Vice Chairman)
Mohammed Ibrahim Al Shaibani (CEO)
OwnerGovernment of Dubai
Number of employees

The Investment Corporation of Dubai (ICD) is a state-owned holding company that can be characterized as a sovereign wealth fund owned by the government of Dubai, United Arab Emirates. Established in May 2006 with the transfer of the government's portfolio of investments from The Department of Finance's Investment Division, its role is to supervise the government's investment portfolio while adding value. The company is headed by CEO and Executive director Mohammed Ibrahim Al Shaibani.


The funds key investments include:[1]

Investment Corporation of Dubai

  • Utilities & Energy Sector
    • Emirates National Oil Company (ENOC)
  • Transportation Sector
    • Emirates Group
    • Dnata
    • Dubai Aerospace Enterprise (DAE)
    • Dubai Duty Free Establishment
  • Financial Sector
    • Emirates NBD
    • Dubai Islamic Bank
    • Borse Dubai
    • Commercial Bank of Dubai
    • Union National Bank
    • National Bonds
    • Noor Islamic Bank
    • National Bank of Fujairah
    • HSBC Middle East Finance Company
  • Industrial Sector
    • Dubai Aluminium Company Limited (DUBAL)
    • Dubai Cable Company (DUCAB)
    • Cleveland Bridge & Engineering M.E. (Pvt.) Ltd. (CBEME)
    • Jeema Mineral Water
    • Dubai Ice Plant & Cold Stores
  • Real Estate & Leisure Sector
    • Emaar Properties
    • Dubai World Trade Centre
    • Deira Investments
    • Dubai Development
    • Atlantis, the palm
    • Shamwari Game Reserve
  • Other Holdings
    • Dubai Investments
    • Emirates Rawabi
    • Galadari Brothers[2]
    • Emirates Investment and Development
    • Dangote Cement[3]


  1. http://www.arabianbusiness.com/financial-markets/companies/1002/profile
  2. Hope, Bradley (2008-09-22). "Chairman of Khaleej Times removed from his post". The National. Archived from the original on 2019-12-26. Retrieved 2019-12-26. Unknown parameter |url-status= ignored (help)
  3. Parasie, Nicolas (2014-09-08). "Dubai's ICD Invests $300 Million in Nigeria's Dangote Cement". Wall Street Journal. ISSN 0099-9660. Archived from the original on 2016-03-15. Retrieved 2019-12-26. Unknown parameter |url-status= ignored (help)

External links[edit]

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