We are already halfway through 2022 and it is worthy to note that we have been moving steadily as a group with a continuous and consistent growth.

During these changing times, it is imperative that we highlight the remarkable contribution by the UAE government and the joint efforts of the public and the private sectors in combatting the challenges, highlighting the spirit of solidarity of this nation. According to reports, the economy has had a strong start to 2022, with the increase in crude oil production, a solid expansion in non-oil sectors and a strong growth in business activity in the UAE.  

As a Group, we capitalized the opportunities coming our way and kick-started 2022 with a strategic focus on diversification and focused on the unlocking of value through an organized divestment process. The 50% divestment of stakes in Emicool crystalized significant value for Dubai Investments and testified the Company’s strategy for value creation through competent partnerships.

The ongoing monetization of the real estate inventory with the Company’s real estate projects like Mirdif Hills and the handover of the Al Taif Business Centre project in Fujairah has helped to generate a steady and sustainable cash flow with more expected in the coming months. The Company’s new Danah Bay Project in Ras Al Khaimah, further strengthens the Group’s real estate portfolio.

In the year ahead, we will continue to adopt an agile approach in responding to the dynamic marketplace and will continue to invest in the future by focusing on introducing new and competitive products and services, resulting in enhancing our capabilities and focusing on staying ahead of the curve.

Sincerely,

Khalid Bin Kalban
Vice Chairman & CEO

Khalid bin kalban
ACHIEVEMENTS
64%
SURGE IN NET PROFIT

in Q1 2022

Net Profit: AED 202.5 million
25
YEARS
MARKED BY EMIRATES GLASS IN GLASS BUSINESS

with innovative products and solutions

MARKED BY EMIRATES BUILDING SYSTEMS

for strengthening foothold in steel business

FLASH NEWS

Dubai Investments entered a 50% JV with Actis for Emicool, marking the largest MENA transaction in the district cooling industry with Al Mal Capital acting as the financial advisor to the deal
Dubai Investments is listed under the “Top 20 Developers” category of Construction Week’s Power 100 – The Middle East’s 100 most influential construction leaders of 2022
NEWSMAKERS
AL TAIF INVESTMENT
Emicool ST

Partnering to usher in luxury factor

Signed a contract with Hilton to open the Double Tree by Hilton Fujairah City in Al Taif Business Center

Emicool ST

Opening for business in Fujairah

Al Taif Business Centre opened offices, retails and apartments for rent

Emirates Glass
Emicool ST

Cementing the top position in the industry

Emirates Glass was awarded the Best Glass Processor 2022- Middle East by MEA Markets magazine for the second consecutive year

Emicool ST

Playing host to the best in the architectural business

Senior architect from leading architectural firm Zaha Hadid Architects visited Emirates Glass Facility

EMIRATES BUILDING SYSTEMS
Emicool ST

Designing it new

Commenced work on projects in Angola and Tanzania using PEB structures for aesthetical design

Emicool ST

Fast-tracking development

EBS awarded new contract for the design, fabrication and supply of steel structures, claddings, heavy sliding doors & accessories for four aircraft hangars in the New Ouagadougou - Donsin international airport in Burkina Faso - Africa

Emicool
Gearing up to deliver the best

Gearing up to deliver the best

Intensified Digital Transformation with Oracle Cloud Services

Expanding to newer territories

Expanding to newer territories

Expanded in Fujairah with its first district cooling plant to supply chilled water services to Al Taif Business Centre

Emicool ST

Supporting the GO-GREEN

Supported Dubai Government’s paperless initiative

Emicool ST

Winning accolades & driving partnerships

Gas Integrated Solutions management received appreciation certificates for the professional efforts, towards achieving a strategic partnership in LPG services with Emirates Gas/ENOC

GLOBALPHARMA
Leading from the front

Leading from the front

Stepped up as a founding member in the first UAE pharma business group in collaboration with the Dubai Chamber of Commerce

Gearing up to deliver the best

Joining hands to move the nation forward

Collaborated with the Ministry of Health and Community Protection in Dubai to discuss the implementation plan of the national drug policy in the UAE

Leading from the front

Nurturing budding talent

Encouraged young minds by conducting internship programs for Fatima College students in Dubai

Leading from the front

Partaking in community service

Demonstrated care for community with a blood donation drive for employees in collaboration with DHA

Gearing up to deliver the best

Setting new standards

Piloted global quality standards by publishing the first edition of Good Manufacturing Practise (GMP)Trend Bulletin (2022)

Leading from the front

Improving standard of work

Focused on site improvements/controls like installation of energy-efficient LED lightings and In-house dedicated Laundry Facility for Garment wash

Leading from the front

Driving quality consciousness

Celebrated International Quality Day around the theme of sustainability

Dubai Investment Real Estate (DIR)
Leading from the front

Ensuring the best of retail therapy

Opening of new retail stores at Mirdif Hills Avenue, Mirdif Hills include Yamanote Atelier Restaurant, Room 1618 Restaurant, Ten 11 Restaurant, Al Falah Optics, Glow 365 Beauty & Spa to name a few

Gearing up to deliver the best

Flying high @ Mirdiff Hills

90% leasing out the of the gross leasable area of the retail spaces at Mirdiff Hills Avenue completed

MASHARIE
Leading from the front

Driving up peak performance

Implemented Azentio Orion 11j software to leverage group consolidation benefits across its entities

PROPERTIES INVESTMENT
Leading from the front

Gearing up for better convenience

The renovation works at The Market Mall in DIP progressing steadily

Dubai Investments Park (DIP)
Leading from the front

The next level in sustainable convenience

Announced the installation of the first electric vehicle charging station outside DIP Shopping Centre

Gearing up to deliver the best

Bicycle friendly zone

New cycling track opened in Green Community, DIP

Leading from the front

Opening doors to entertainment

The first cinema theatre opens at OSR Mall

Leading from the front

Expanding Horizons

Omar Al Mesmar, General Manager, Dubai Investments Park along with Bassem Ibrahim, Head of Projects, Dubai Investments meet with H.E Khalid Al Houssani, Charge de Affairs, UAE Consulate Angola along with other officials and discuss business opportunities.

DI DIARIES

Dubai Investments associate subsidiary Clemenceau Medical Center Hospital in Dubai sigend a collaborative agreement with Johns Hopkins Medicine International facilitating regular visits to Dubai by world-renowned doctors

Dubai Investments Vice Chairman & CEO Khalid Bin Kalban welcomed the ambassador of Ethiopia to Dubai and the Northern Emirates to discuss and exchange views on strategic and mutual business plans

Dubai Investments associated with the Dubai Autism Center to support and enable children with autism

Dubai Investments and subsidiaries participated in the Big 5 Construct Egypt exhibition highlighting the Company’s building materials, construction & contracting and other services
(June 25th – June 27th)

Chief Information Officer-Dubai Investments – Venkatesh Mahadevan was on the jury panel of Women In Management (WIM) Top 50 Global Awards nominees

FOCUS ON SUSTAINABLE INITIATIVES

Dubai Investments and subsidiaries reinforced commitment to sustainability by marking international days like EARTH DAY and WORLD ENVIRONMENT DAY 2022

Dubai Investments organized training for Sustainability Champions related to climate change and carbon footprint assessments

PIDOAM rewarded Farnek for implementation of Earth Hour initiatives

RAMADAN INITIATIVES
Leading from the front

Dubai Investments employees gathered for a Suhour marking the holy month of Ramadan

Gearing up to deliver the best

Dubai Investments joined hands with ADWAR and initiated “The Bonding Iftar” with children of determination and students (aged 11+)

Leading from the front

Dubai Investments partnered with Dubai Charity Association to distribute iftar meals at staff accommodations across Dubai Investments Park

Gearing up to deliver the best

Emirates Float Glass and Emirates Glass held Iftar to celebrate the holy month

Leading from the front

Dubai Investments joined Smile on the Face campaign and supported more than 5000 blue-collar workers with iftar meals and everyday essentials

Gearing up to deliver the best

Dubai Investments supported Kings College Hospital to provide Iftar meals for healthcare workers for the month of Ramadan

KNOWLEDGE CORNER
UAE - SHINING BRIGHT
14thGLOBALLY
1stREGIONALLY
Kearney’s 2022 Foreign Direct Investment (FDI) Confidence Index

The country is one of only four emerging markets on the 2022 index along with Qatar, China, and Brazil

To read more click here

1stREGIONALLY
National Entrepreneurship Context Index (NECI), by Global Entrepreneurship Monitor (GEM).

The UAE attained the highest NECI score of 6.8, emerging as the best place to start a new business in 2022, followed by the Netherlands, Finland, Saudi Arabia, and Lithuania.

To read more click here

DUBAI AFTER EXPO 2020
EXPO 2020 area site will become District 2020 – a new mega suburb and UAE’s first 15-minute city
Cycle, walk or ride e-scooters to offices, parks, groceries, retail shops, restaurants and coffee shops within 15 minutes
Home to government institutions, Fortune 500 companies and venture capital firms etc.
THE LEGACY SITE OF EXPO 2020 DUBAI OPENS ITS FIRST BUSINESS TENANTS IN THE FOURTH QUARTER OF THIS YEAR

Get access to everything needed to thrive, including deal flow, funding, talent, banking services, IT infrastructure, and more

To read more click here

NEW VISA RULES & UPDATES

Updated golden visa and green visa rules

The UAE government will implement new regulations to attract applicants for long-term residency in SEPTEMBER 2022

New liberalised Entry and Residence Scheme

  • 3 new visa types introduced to encourage -job seekers - Investors - Entrepreneurs
  • To enter the country without a sponsoring entity
  • Allow trainees with sponsoring entity to enter for educational and internship opportunities

Benefit for expats

Enables foreign nationals to remain in the country longer, since employment will no longer be tied to employer sponsorship

Benefits for UAE

Supports the country’s competitiveness in the tourism, economic and educational sectors

To read more click here

SUSTAINABILITY

UAE Net zero by 2050

WHAT IS IT?

The UAE Net Zero by 2050 strategic initiative is a national drive to achieve net-zero emissions by 2050, making the Emirates the first Middle East and North Africa (MENA) nation to do so.

WHY THIS INITIATIVE?

The initiative aligns with the Paris Agreement, which calls on countries to prepare long-term strategies to reduce greenhouse gas (GHG) emissions and limit the rise in global temperature to 1.5 C compared to pre-industrial levels.

HOW WILL THIS BE ACHIEVED?

Federal and local government authorities will be responsible for preparing comprehensive studies and developing plans that introduce the measures necessary to reduce emissions while also ensuring economic growth based on principles of sustainability.

To read more click here