October 24, 2016 5:05 PM ET

Capital Markets

Company Overview of Investment Corporation of Dubai

Company Overview

Investment Corporation of Dubai is a principal investment arm of the Government of Dubai. The firm seeks to manage the Government of Dubai's portfolio in commercial companies and investments across strategic sectors including financial services, transportation, energy and industrial, real estate and leisure, retail, and other holdings. It prefers to invest locally and internationally. Investment Corporation of Dubai was formed in May 2006 and is based in Dubai, United Arab Emirates.

P.O. Box 333888

Dubai International financial Center - DIFC

Gate Village 7

6th Floor


United Arab Emirates

Founded in 2006


971 4 707 1333


971 4 707 1444

Key Executives for Investment Corporation of Dubai

Chief Executive Officer and Executive Director
Deputy Chief Executive Officer
Director Investment Structuring
Compensation as of Fiscal Year 2016.

Investment Corporation of Dubai Key Developments

Investment Corporation of Dubai Announces Audited Consolidated Earnings Results for the Year Ended December 31, 2015

Investment Corporation of Dubai announced audited consolidated earnings results for the year ended December 31, 2015. For the year, the company's revenues were AED 177.4 billion compared with AED 192.1 billion a year ago. Profit for the year before income tax from continuing operations was AED 25.6 billion compared with AED 22.4 billion a year ago. Profit for the year from continuing operations was AED 25.2 billion compared with AED 22.3 billion a year ago. Profit attributable to the equity holder of the company was AED 22.9 billion compared with AED 23.8 billion a year ago. Net cash generated from operating activities was AED 19.97 billion compared with AED 34.8 billion a year ago. Purchase of property, plant and equipment, intangible assets, investment properties and development properties was AED 17.6 billion compared with AED 17.5 billion a year ago.

IDC Eyes Adriatic

Investment Corporation of Dubai (IDC) intends to acquire Adriatic Marinas d.o.o. Peter Munk is selling Adriatic to IDC for an undisclosed amount. Peter Munk would not comment on the sale, which had been widely rumored and was leaked over the weekend in Vijesti. The sources said the deal is to be announced on May 6, 2016. The price is thought to be €200-million or more, though the seller and buyer are not expected to disclose the amount.

Investment Corporation of Dubai to Develop an Office and Retail Development in the Dubai Financial Centre Area in a Joint Venture with Brookfield Property Partners

The Investment Corporation of Dubai (ICD) announced that it will develop an office and retail development in the Dubai Financial Centre (DIFC) area in a joint venture with Brookfield Property Partners. Located behind the Ritz-Carlton hotel, the $1 billion ICD Brookfield Place will feature an office tower and a retail building connected by pedestrian pathways. Construction of the 1.5 million square foot development is already underway, and is expected to be completed in the four quarter of 2018.

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Recent Private Companies Transactions

June 28, 2016
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May 6, 2016
Adriatic Marinas d.o.o.

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