Dubai World
Dubai World (Arabic: دبي العالمية) is an investment company that manages and supervises a portfolio of businesses and projects for the Government of Dubai across a wide range of industry segments and projects that promote Dubai as a hub for commerce and trading. As a subsidiary of Dubai Inc., it is the emirate's flag bearer in global investments and has a central role in the direction of Dubai's economy. Assets include DP World, which caused considerable controversy when trying to take over six US ports, its property arm, Nakheel, which built The Palm Islands and The World developments, and Istithmar World, its investment company. Ahmed bin Saeed Al Maktoum chairs it.
| Company type | Government owned |
|---|---|
| Industry | Diversified investments |
| Founded | 2 July 1969 |
| Headquarters | , United Arab Emirates |
Area served | 30 cities in 12 countries |
Key people | Ahmed bin Saeed Al Maktoum, Chairman Jamal Majid Bin Thaniah, CEO |
| Revenue | US$18 billion (2008) |
| US$1.4 billion (2008) | |
Net income | US$1.17 billion (2008) |
Number of employees | 5000+ |
| Parent | Dubai Inc. |
| Subsidiaries | Dubai Ports World Jafza Dubai Drydocks Maritime City Tamweel Tejari Leisurecorp Istithmar World Nakheel Properties DUTech Island Global Yachting |
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