| Country: United Arab Emirates – Dubai
Established: 2006 US$ Billion: 19.6 |
Origin: Oil
Firm Investment Style: Portfolio Entity Structure: Corporate |
Summary:
In the emirate of Dubai of the United Arab Emirates, the sovereign wealth fund, is broken into several operating investment companies. It was formed in May 2006, with the transfer of the government’s portfolio of investments from The Department of Finance’s Investment Division. Similar to Abu Dhabi’s strategy, Dubai developed plans to diversify their reliance on oil exports through creating sovereign wealth vehicles. One of its goals is to help better manage Dubai’s state-owned enterprises.
1. Borse Dubai, Ltd.
AUM: $2.2 Billion
A holding company incorporated in 2007 that is based in Dubai, UAE. It acts as holding company for Dubai Financial Market and Dubai International Financial Exchange. It is 60% owned by the Investment Corporation of Dubai, 20% owned by Dubai Group LLC and 20% owned by DIFC Investments LLC.
2. Dubai Holdings
AUM:
A holding company based in Dubai, UAE.
Some Subsidiaries include:
Dubai International Capital
AUM: $13 Billion
Founded 2004, it makes investments in public and private firms. They are more transparent in their holdings than their peers.
Established in 2000 as the investment office, they have rebranded themselves as a diversified investment group. They are a diversified investment group investing in real estate, funds, and other investment vehicles.
Tatweer
Launched in December 2005, Tatweer is the strategic and operational driver of a selected group of Dubai Holding entities that will develop new markets to serve the development of Dubai. Tatweer will continuously strive for world-class performance implementing leadership development to drive and sustain business excellence, quality and high performance.
Its portfolio is divided into Energy & Healthcare, Tourism & Entertainment, Industry, Knowledge & Real Estate, and includes forthcoming projects that will persist to the best perceived excellence standards in the strive to work Dubai up to the world-class enterprise vision that is set to be accomplished in the imminent future.
source: Dubai Holdings
Source: http://www.swfinstitute.org