Through a cohesive and an integrated approach, Dubai Investments has over the years strengthened its operations across diversified sectors and intensifying the Group’s foothold in the real estate market are the mixed-use developments that provide a perfect blend of residential, commercial and hospitality components.
The Group’s Mirdif Hills project in Dubai is already bustling with life and has successfully created a new landmark. Al Taif Business Center, another mixed-use development witnessed successful opening this quarter and has all the attributes to serve the growing demands of the Fujairah market. The commencement of construction at the Group’s flagship development Danah Bay in Ras Al Khaimah is also progressing steadily, further elevating Dubai Investments’ real estate portfolio across the emirate. With plans to utilise the Group’s land bank reserves, more projects are in the pipeline, both locally and internationally.
On the manufacturing front, Dubai Investments is reinforcing market positioning by integrating latest technological know-how and strengthening existing line-up with advanced products as per market demands. The new production lines at Emirates Float Glass and Emirates Extruded Polystyrene further reiterate the Group’s commitment. The Group is also actively involved in collaborating both at a regional and international level within the glass and the pharmaceutical sectors.
Over the years, Dubai Investments has also made strategic investments into the education sector and collaborations through Al Mal Capital REIT and Africa Crest Education, highlight the expanding portfolio. The Group now has investments across 4 schools within UAE and 4 internationally, catering to more than 15,000 students. In 2023, Dubai Investments is excited to explore new business opportunities, develop new projects, and enter new collaborations locally and internationally. The Group is committed to diversification and innovation, in a way supporting the UAE government's Top Five Priorities for 2023, including establishing and consolidating the National Identity, developing the Educational System, accelerating Emiratization, expanding International Economic Partnerships and focusing on Environment and Sustainability.
Dubai Investments thanks the shareholders for their trust and confidence, and the employees for their hard work and dedication.
As a Group, let us work together to make this year even better than the last.
Khalid Bin Kalban
Vice Chairman & CEO
H. H. Sheikh Mohammed bin Hamad Al Sharqi inaugurated Fujairah’s Al Taif Business Center
Marked 25 years in generic medicines industry with more than 90 products across lifestyle disease segments
LAUNCHED ECO-FRIENDLY GREEN RUN
DIVIDEND DISBURSED TO SHAREHOLDERS
EMICOOL PARTNERED UP WITH ACTIS
2021 SUSTAINABILITY REPORT PUBLISHED
NET PROFIT SURGED TO 64% BRINGING AED 202.5 MILLION
EMIRATES GLASS MARKED 25 YEARS IN GLASS INDUSTRY
EMIRATES BUILDING SYSTEMS CELEBRATED 25 YEARS IN STEEL BUSINESS
20.5% RISE IN NET PROFITS RECORDED
DISBURSED INTERIM DIVIDEND OF 7.5% TO SHAREHOLDERS
DANAH BAY, A NEW LIFESTYLE DESTINATION, LAUNCHED IN RAS AL KHAIMAH
MAJOR DIGITAL TRANSFORMATION PROGRAM LAUNCHED
GLOBALPHARMA SIGNED WITH GSK FOR MANUFACTURING MEDICINES LOCALLY.
NET PROFIT FOR NINE MONTHS UP BY 227%
Four Memorandum of understandings were signed with three companies in Jordan and one in Egypt to promote sustainable economic growth through industrial partnerships, in line with MoIAT's industrial strategy implementation
Acquired Wesgreen International School and added another K-12 asset to portfolio
Announced final annual dividend of AED 9.627 million to unit holders of REIT
The real estate investment in Poinsettia Plaza, Ventura, California sold for US$ 66 million in an exit deal
Participated in DUPHAT 2023 – the largest gathering for the pharmaceutical industry
Signed MoU’s with Egyptian Company Nerhadou and Jordanian companies Savvy Pharma and Itqan Pharma for technology and knowledge transfer at the “Industrial Partnership for Sustainable Economic Growth” ceremony
Continue to lead in the Generic Market as per IQVIA market audit report "Year To Date" (YTD) March ’23
The Emirati recruits successfully presented their first project on ‘Benefits of Cloves and Costus on Humans’
Supported ‘Emirates Red Crescent Earthquake Relief’ for Turkey and Syria with more than 144,000 packs of generic medicines
Completed 24,000m2 plant project in Oman with erection of the steel structure
Delivered a new factory and office block of 22,000m2 in Jebel Ali FZ, Dubai
Completed a 10,750m2 pharmaceutical factory in Ghana, Africa with design, fabrication and supply of pre-engineered steel building, cladding and building accessories
Awarded the project Abidjan - Ivory Coast, a 29,000m2 shopping center with scope for design, fabrication and supply of steel structure and building accessories
Delivered the 50,000m2 project of pre-engineered warehouses with mezzanines and offices in Dubai
Rewarded employees and provided appreciation certificates for hard work and commitment
Executed new industrial facilities in TAWAZUN industrial park in Abu Dhabi with design, fabrication, supply, and installation of steel structures, cladding, and accessories
Joined as a founding member of Clean Energy Business Council (CEBC) to network with policymakers, regulators, and major clean energy companies in the MENA region and contribute to the design of a clean energy future for construction industry.
Revolutionized glass performance through R&D by producing the first hybrid glass unit, a breakthrough in the glass industry once commercialized
Collaborated with SCHOTT’s multifunctional, laminated and insulated fire-resistant and high-performance glass types capable of delivering barrier times of upto 120 minutes and are European (EN) and Underwriter Laboratories (UL) certified
Completed ‘The Palace of Justice and Al- Andalus Tower’, making a strong impression in Kuwaiti market
Hired qualified UAE nationals as part of the Emiratisation drive
Participated in UAE’s National Service Career Fair and enabled Emirati graduates to improve their skills
Ahmed Al Shared, Head of Operations for Dubai Investments signed an MoU with Soda Chemical Industries to receive soda ash and explore the possibility of investment in line with MoIAT’s ‘Industrial partnership for Sustainable Economic Growth
Replaced over 50% of operational car fleet with all-electric Renault ZOE vehicles to reduce CO2 emissions
Continue to operate a network of 20 cooling plants providing a total of 355,000 Refrigeration Tons (RT)
Collaborated with concerned authorities to provide additional EV charging spots for the public
Awarded with Dubai Chamber’s 2020 Corporate Social Responsibility (CSR) Label highlighting the company’s commitment to responsible and sustainable business practices across ‘Workplace, Marketplace, Community, and Environment’
Acknowledged by Asian Power Awards 2022 for sustainable and innovative solutions.
Becomes the first company in the district cooling industry in the UAE to receive Great Place to Work Certification, setting the standard for excellence in the workplace
Announces the arrival of exciting new retail stores.
90% occupancy at Double Tree by Hilton at Al Taif Business Center
Residential apartments thriving at Al Taif Business Center with 90% occupancy
New retail, lifestyle stores and restaurants opened at Mirdif Hills Avenue
Conducted a sales launch event for Danah Bay project in Dubai and Abu Dhabi
Celebrated valantines day at Mirdif Hills Avenue
15th annual DIP Corporate Sports event rolled out
Completed Phase 2 of the cycling track around Green Community - West enabling the residents to enjoy scenic route and embrace active lifestyle
The General Manager of Dubai Investments Park, Omar Al Mesmar, awarded certificates of appreciation to employees and other stakeholders for maintaining safety during challenging weather conditions
In collaboration with MMJS Consulting conducted an educational session on Corporate Tax & FTA VAT Audit for all DIP companies
Over 2,600 UAE residents participated in the second annual Dubai Investments Green Run, promoting sustainability messages within the Green Village at Dubai Investments Park through a 3km or 5km community run
Khalid Bin Kalban, Vice Chairman and CEO of Dubai Investments, hosted a get-together for new Emirati employees, providing a platform for information exchange and effective communication.
The second town hall for the ERP transformation program provided employees with updates on the new system and its goal is to scale-up company operations and automate the processes
Dubai Investments Park and Berets MC collaborated to raise awareness on autism through a bike riding event which attracted 560+bikers from various clubs across UAE
Dubai Investments and subsidiaries celebrated International Women’s Day 2023
Participated in the Graduate Employment Day held at the HCT campus to accelerate Dubai Investments Emiratization commitment
Dubai Investments hosted Suhoor for employees
Aims to empower talent, develop skills, & provide job opportunities for Emiratis as a part of ‘National In-Country Value’ program. The initiative is the result of a memorandum of understanding (MoU) signed between the Ministry of Industry and Advanced Technology (MoIAT), the Ministry of Human Resources and Emiratisation (MoHRE) and the Emirati Talent Competitiveness Council (Nafis).
UAE astronaut Sultan al-Neyadi embarked on the Arab world's longest space mission, successfully blasting off into space on 28th February 2023.
The four-man crew reached the International Space Station (ISS), orbiting some 250 miles (420 km) above Earth, about 24-and-a-half hours after launch. The six-month science mission will see experiments ranging from human cell growth in space to controlling combustible materials in microgravity.
The ISS, about the length of a football field and the largest human-made object in space, has been continuously operated for more than two decades by a US-Russian-led consortium that includes Canada, Japan and 11 European countries.
Dubai aims to double the size of its economy in the next decade and become one of the “top 3 economic cities” around the world.
Dubai’s economy continued its post-pandemic recovery in 2022 and grew an annual 4.6% in the first nine months of last year.
The emirate is seeking to boost its manufacturing and logistics sector as part of the plan. Government spending will rise to 700 billion dirhams over the next 10 years from 512 billion dirhams the decade before.