Let me begin by wishing good health and safety during what continues to be a challenging time for the region and the world. It has not been easy, but as a Company, we have successfully managed to navigate through this time. The results in the first quarter of 2021 highlight the strong performance and resilience not only as a team but also as a business model, reflecting the impact of the Company’s sustainable growth strategy, with a focus on diversification.
The Company has outlined robust plans to drive portfolio transformation with a clear focus on enhancing investments in specific sectors while achieving profitable growth. Strategic investments and divestments of businesses will be implemented with the goal of strengthening business portfolio and fueling creative ecosystems.
With the real estate sector maintaining stability in Q1 2021, it will continue to be a key vertical for Dubai Investments and the Company is expecting a rise in income especially with the final phase of the Mirdif Hills and Al Taif Business Centre projects in Fujairah, getting ready for handover during the 3rd quarter. Discussions are also ongoing for the duplication of the Dubai Investments Park model into other markets.
The other lucrative sectors that the Company is strategically focusing are healthcare and education. The recent acquisition of further interest in National General Insurance Company (NGI) demonstrates the Company’s commitment to unlocking growth opportunities and delivering superior returns to the shareholders.
The Company will continue to assess opportunities to grow the Group’s business, either through M&A opportunities or by business expansions.
Khalid Bin Kalban
Vice Chairman & CEO of Dubai Investments