The Investment Corporation of Dubai (ICD) is a sovereign wealth fund

Sovereign wealth fund

A sovereign wealth fund is a state-owned investment fund composed of financial assets such as stocks, bonds, property, precious metals or other financial instruments. Sovereign wealth funds invest globally. Some of them have grabbed attention making bad investments in several Wall Street financial...

 owned by the government of Dubai

Dubai

Dubai is a city and emirate in the United Arab Emirates . The emirate is located south of the Persian Gulf on the Arabian Peninsula and has the largest population with the second-largest land territory by area of all the emirates, after Abu Dhabi...

, United Arab Emirates

United Arab Emirates

The United Arab Emirates, abbreviated as the UAE, or shortened to "the Emirates", is a state situated in the southeast of the Arabian Peninsula in Western Asia on the Persian Gulf, bordering Oman, and Saudi Arabia, and sharing sea borders with Iraq, Kuwait, Bahrain, Qatar, and Iran.The UAE is a...

. 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.

Investments

The funds key investments include:
Investment Corporation of Dubai

• Utilities & Energy Sector
  • Emirates National Oil Company (ENOC)
    ENOC
    ENOC is the Dubai Government owned diversified energy group. One of its subsidiaries, ENOC Processing Company LCC runs the Jebel Ali refinery in Dubai. ENOC is a multi-interest oil and gas group and has operations in Dubai and Northern Emirates in UAE, although it does not have operations in Abu...
    
    

• Transportation Sector
  • Emirates Group
  • DNATA
    Dnata
    Dnata is one of the largest suppliers of combined air services in the world offering ground handling, cargo, travel, and flight catering services across five continents. With a global footprint of 37 countries, Dnata employs over 20,000 employees for its operations worldwide.-History:Dnata was...
    
    
  • Dubai Aerospace Enterprise (DAE)
    Dubai Aerospace Enterprise
    Dubai Aerospace Enterprise is a global aviation corporation. DAE was founded by the Dubai government in 2006 with a $15bn capital base. The company originally had six divisions - DAE Capital, DAE Services, DAE Manufacturing, DAE Airports, DAE Engineering and DAE University...
    
    
  • Dubai Duty Free Establishment
    Dubai Duty Free
    The Dubai Duty Free is a Group 1 flat horse race in the United Arab Emirates for four-year-old and above thoroughbreds run over a distance of 1,800 metres on the turf at Meydan Racecourse in Dubai during the Dubai World Cup Night in March....
    
    

• Financial Sector
  • Emirates NBD
  • Dubai Islamic Bank
    Dubai Islamic Bank
    The Dubai Islamic Bank is an Islamic bank in Dubai, established in 1975.-Financial Information:Dubai Islamic Bank , established in 1975, is the first Islamic bank to have incorporated the principles of Islam in all its practices and is the largest Islamic bank in the UAE. DIB is a public joint...
    
    
  • Borse Dubai
    Borse Dubai
    Borse Dubai is a stock exchange in the United Arab Emirates.It is the holding company for Dubai Financial Market and NASDAQ Dubai...
    
    
  • Commercial Bank of Dubai
  • Union National Bank
  • National Bonds
  • Noor Islamic Bank
    Noor Islamic Bank
    Noor Islamic Bank was established in 2006 in Dubai, and is a Shari’a compliant commercial bank, owned by Emirates Investment Authority and Noor Investment Group LLC. It has a paid-up capital of USD 1 billion...
    
    
  • National Bank of Fujairah
  • HSBC Middle East Finance Company
  • Shuaa Capital

• Industrial Sector
  • Dubai Aluminium Company Limited (DUBAL)
    Dubal
    The Dubai Aluminium Company Limited , located in Jebel Ali, is one of the largest industrial companies in the UAE. Some 14% of its total workforce are UAE nationals....
    
    
  • Dubai Cable Company (DUCAB)
  • Cleveland Bridge & Engineering M.E. (Pvt.) Company Ltd.
  • Rawabi Emirates
  • Jeema Mineral Water
  • Dubai Ice Plant & Cold Stores

• Real Estate & Leisure Sector
  • Emaar Properties
    Emaar Properties
    Emaar Properties , based in the United Arab Emirates, is a Public Joint Stock Company listed on the Dubai Financial Market. Established in 1997 with an initial paid-up capital of AED 1 bn, Emaar Properties is currently the Persian Gulf region's largest land and real estate developer...
    
    
  • Dubai World Trade Centre
    Dubai World Trade Centre
    The Dubai World Trade Centre is a business complex in Dubai, United Arab Emirates, built by H.H. Sheikh Rashid bin Saeed Al Maktoum. It is located along Sheikh Zayed Road at the Trade Centre Roundabout...
    
    
  • Deira Investments
  • Dubai Development

• Other Holdings
  • Dubai Investments
    Dubai Group
    Dubai Group is an investment company based in the United Arab Emirates, and a subsidiary of Dubai Holding. Originally founded in 2000 as The Investment Office, the company was renamed Dubai Group in 2005...
    
    
  • Galadari
    Galadari Printing and Publishing
    Galadari Printing and Publishing LLC is a media company based in Dubai, UAE. It publishes the English-language newspaper Khaleej Times.- External links :*...
    
    
  • Emirates Investment and Development