Dubai Investments' units post solid growth
Dubai, October 20, 2013
Dubai Investments (DI), the largest investment company listed on Dubai Financial Market, said its pioneering business models across diversified sectors have achieved healthy growth with a steady demand from new businesses entering the market and renewed confidence amongst the existing players.
Incorporated in 1995, Dubai Investments group owns and manages more than 40 subsidiaries and joint ventures, with a prominent presence in the local and regional markets. It boasts of more than 19,894 shareholders, and a paid-up capital of Dh3.5 billion ($952 million).
With its subsidiaries, DI has registered fast-paced growth across four focus industry sectors – investments, processing industries, mergers & acquisitions and real estate management, said the Dubai conglomerate in its statement.
In the manufacturing sector, DI created the first-of-its-kind glass holding company in the region with Glass, comprising subsidiaries – Emirates Glass, Lumiglass, Saudi American Glass and Emirates Float Glass.
Today, Glass is one of the top players in the region and leading glass manufacturers in the region, providing premium quality glass solutions to various industries, it stated.
Catering to both domestic and international markets, the production capacity of Emirates Glass is approximately 3.5 million sq m per annum, while Saudi American Glass produces more than 3 million sq m in a year. The production capacity of Lumiglass is 216,000 sq m in flat lamination and 2400 sets of bullet resistant annually, while Emirates Float Glass production capacity is 219,000 tonnes per annum.
Another of its pioneering units – Dubai Investments Industries currently operates eight subsidiaries – Globalpharma, Marmum Dairy Farm, Emirates Building Systems, Edible Oil Company, United Sales Partners, Emirates Extruded Polystyrene, Dubai Cranes & Technical Services and Techsource.
While Marmum is among the leading dairy brands in the UAE, Globalpharma has fast emerged as a quality-centric and reliable player in the the pharmaceutical market, which manufactures and markets pharma products in more than 20 countries across the Middle East, Africa and Far East.
As one of the leading players, Globalpharma distributes about 30 per cent of its production within the UAE and 70 per cent in other countries.
Its other subsidiary Masharie currently operates 12 distinct investment companies focusing on mergers and acquisitions through strategic equity partnerships.
Operating in a number of businesses, Masharie companies include Emirates Extrusion, International Rubber Company, Drive Dubai, Emirates Thermostone, Folcra Beach Industrial Company, Gulf Dynamic Switchgear, Gulf Metal Craft, Labtec, White Aluminum Extrusion, Lite Tech & Techno Rubber.
In real estate, DI created a totally new concept with Dubai Investments Park (DIP), which is today the largest integrated commercial, industrial and residential community in the Middle East.
As on date, DIP accommodates over 2,715 tenants representing a wide array of industrial establishments, commercial entities and residential units. A staggering Dh5 billion has been invested in DIP spread across 3,200 hectares, since its inception in 1997.
Strategically located within minutes from the Jebel Ali Port and Dubai World Central, DIP is well connected to the emirate's key business districts and redefines the idea of a community.
DIP is a city within a city offering world-class infrastructure across its three zones – residential, commercial and industrial. Similarly, DI’s real estate arm – Dubai Investments Real Estate Company has always endeavoured to continuously set and meet challenging, new standards with its iconic projects in the UAE.
Besides identifying and securing attractive industrial and investment opportunities in the UAE and the Gulf, DI has also made other strategic investments in existing businesses, funds and structured products, locally, regionally and around the globe that offer promising growth potential, said the Dubai conglomerate in its statement.
It has contributed the requisite assets or bought stakes in these entities, thus becoming a joint venture partner and expanding its businessesin different parts of the world across sectors such as banking, Islamic finance, telecommunications and property investment.
Some of these investments include Emirates District Cooling, Properties Investments, Thuraya Satellite Communications, Abu Dhabi Investments House and Al Mal Capital (All in the UAE) besides its Bahrain ventures Takaful Re and First Energy Bank and Sudanese French Bank, The Islamic Bank of Asia (Singapore), Energy City Navi Mumbai Investment Company (India) and Tunisia Bay Investment Company.
DI said the success of the unique concepts embodies Dubai’s pioneering spirit in every way – a visionary model that the emirate promised through the group.
Structured upon a singular vision of providing competitive returns to its investors, DI aimed to add value and grow its investment portfolio through active strategic stewardship, financial engineering and leveraging its corporate brand, business promotion capabilities, network of relationships as well as its financial resources, it added.-TradeArabia News Service