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.
Khalid Bin Kalban
Vice Chairman & CEO
in Q1 2022
with innovative products and solutions
for strengthening foothold in steel business
Signed a contract with Hilton to open the Double Tree by Hilton Fujairah City in Al Taif Business Center
Al Taif Business Centre opened offices, retails and apartments for rent
Emirates Glass was awarded the Best Glass Processor 2022- Middle East by MEA Markets magazine for the second consecutive year
Senior architect from leading architectural firm Zaha Hadid Architects visited Emirates Glass Facility
Commenced work on projects in Angola and Tanzania using PEB structures for aesthetical design
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
Intensified Digital Transformation with Oracle Cloud Services
Expanded in Fujairah with its first district cooling plant to supply chilled water services to Al Taif Business Centre
Supported Dubai Government’s paperless initiative
Gas Integrated Solutions management received appreciation certificates for the professional efforts, towards achieving a strategic partnership in LPG services with Emirates Gas/ENOC
Stepped up as a founding member in the first UAE pharma business group in collaboration with the Dubai Chamber of Commerce
Collaborated with the Ministry of Health and Community Protection in Dubai to discuss the implementation plan of the national drug policy in the UAE
Encouraged young minds by conducting internship programs for Fatima College students in Dubai
Demonstrated care for community with a blood donation drive for employees in collaboration with DHA
Piloted global quality standards by publishing the first edition of Good Manufacturing Practise (GMP)Trend Bulletin (2022)
Focused on site improvements/controls like installation of energy-efficient LED lightings and In-house dedicated Laundry Facility for Garment wash
Celebrated International Quality Day around the theme of sustainability
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
90% leasing out the of the gross leasable area of the retail spaces at Mirdiff Hills Avenue completed
Implemented Azentio Orion 11j software to leverage group consolidation benefits across its entities
The renovation works at The Market Mall in DIP progressing steadily
Announced the installation of the first electric vehicle charging station outside DIP Shopping Centre
New cycling track opened in Green Community, DIP
The first cinema theatre opens at OSR Mall
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.
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
(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
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
Dubai Investments employees gathered for a Suhour marking the holy month of Ramadan
Dubai Investments joined hands with ADWAR and initiated “The Bonding Iftar” with children of determination and students (aged 11+)
Dubai Investments partnered with Dubai Charity Association to distribute iftar meals at staff accommodations across Dubai Investments Park
Emirates Float Glass and Emirates Glass held Iftar to celebrate the holy month
Dubai Investments joined Smile on the Face campaign and supported more than 5000 blue-collar workers with iftar meals and everyday essentials
Dubai Investments supported Kings College Hospital to provide Iftar meals for healthcare workers for the month of Ramadan
The country is one of only four emerging markets on the 2022 index along with Qatar, China, and Brazil
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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.
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The UAE government will implement new regulations to attract applicants for long-term residency in SEPTEMBER 2022
Enables foreign nationals to remain in the country longer, since employment will no longer be tied to employer sponsorship
Supports the country’s competitiveness in the tourism, economic and educational sectors
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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.
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.
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