Dubai Holding Commercial Operations Group, the business group of Dubai Holding, has posted a 25 per cent increase in net profit for 2015, going up from Dh4.68 billion ($1.27 billion) recorded in 2014 to Dh5.83 billion ($1.58 billion).

Total revenues also increased by 15 per cent to Dh14.53 billion ($3.95 billion) compared to Dh12.63 billion ($3.43 billion) last year.

Commenting on DHCOG’s progress in 2015, Mohammad Abdulla Al Gergawi, chairman of Dubai Holding, said: “Dubai Holding continues to make big strides in its successful strategy aimed at creating an innovation driven knowledge-based economy. This is in line with Dubai’s long-term ambition to transform into the smartest and most productive city in the world.”

Dubai Holding operates in 24 countries through three leading business units. It owns TECOM, which manages business communities in multiple sectors; as well as Jumeirah Group, a global luxury hotel company; and Dubai Properties Group, one of the largest fully integrated real estate and community development businesses. – TradeArabia News Service