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Dubai Investments targets new sectors, markets

DUBAI, March 16, 2015

Dubai Investments (DI), a leading investment company listed on the Dubai Financial Market, has announced plans to further diversify its business with foray into new sectors and newer markets across the globe.

The company, marking its 20th anniversary this year, reaffirmed plans to invest in a wide array of new sectors, including energy, healthcare, asset management and education, besides reinforcing its position in the real estate, financial investments and manufacturing domains.

Dubai Investments is currently targeting new acquisitions and joint ventures in the said sectors to benefit from massive growth potential on offer, said a company statement.

Integral to these plans are steps to spread the geographical presence of its operations – both at the group level as also the subsidiaries in newer markets across the region and beyond, it said.

Khalid Bin Kalban, managing director and CEO of Dubai Investments, said: “Dubai Investments has built strong credentials over the last two decades, underpinned by proven partnerships, smart acquisitions, profitable exits and a robust commitment to value creation. Dubai Investments will continue its build its expertise across both established and new sectors as part of its transition into the next phase of growth trajectory.”

He added: “Dubai Investments has identified some sectors and promising growth markets which provide the stimulus to invest and generate high returns. The company plans to continue its international expansion plans and leverage its business models across newer markets, particularly in Middle East, Africa and Asia.”

The focus on global expansion comes close on the heels of Dubai Investments announcing the launch of Dubai Investments International – its wholly-owned subsidiary targeting strategic partnership and forays in global markets. DI International is currently in advanced stages of negotiations with prospective partners across the region and beyond.

This aggressive expansion follows an impressive two decades of excellence achieved by Dubai Investments across its subsidiaries and joint ventures in various sectors. In the last 20 years, Dubai Investments has helped create 15,000 job opportunities, invested in and created over 70 companies and subsidiaries, including exits over the years, engaged 25,000-plus shareholders, built total assets to over Dh14.52 billion ($3.95 billion) and its net worth surged to over Dh10.1 billion ($2.75 billion), the company said.

Dubai Investments has paid over Dh4 billion in dividends and bonus shares during th period, thus creating immense value across the entire stakeholder value chain.

Kalban reiterated that Dubai Investments will continue its strong thrust in developing its real estate portfolio and allied businesses over the next two to three years to take advantage of renewed market interest and surging investor confidence.

“The real estate industry has always been a key driving force for UAE’s economy and the unprecedented demand in the sector benefited DI immensely, given its wide presence across the entire spectrum of the industry. Dubai Investments is confident that the current demand in the sector will continue in the foreseeable future and it is geared to cater to the required capacity,” said Kalban.

Dubai Investments announced a net profit of Dh1.343 billion for 2014, a 63 per cent increase compared to Dh822.32 million net profit in 2013, as per its audited, consolidated financial statement issued last week. and commercial properties, real estate management and property development, information technology solutions, district cooling and financial investments.

DI’s primary mission is to add value and to grow its investment portfolio through active strategic stewardship, financial engineering, network of relationships and financial resources. - TradeArabia News Service




Tags: Dubai Investments | DI |

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