As we wrap up the 2nd quarter of 2023, Dubai Investments continues to maintain consistent performance, fueled by the Group’s strategic initiatives and the ability to capitalize on key opportunities. The Group announced a 55% percent increase in Q1 2023 net profit to AED 314.45 million.

As an investment company, the Group is always focused on identifying new opportunities and optimizing the portfolio while actively pursuing strategic exits and investments in various businesses. One area that has particularly caught attention is the real estate sector, which has experienced a significant resurgence in recent times. Dubai Investments’ Danah Bay project in Ras Al Khaimah has emerged as a key driver of growth for Dubai Investments. The project has garnered substantial interest and traction in the emirate, attracting investors globally.

The 2nd quarter has also been abuzz with the UAE government’s initiative to support the UAE’s economic diversification strategy and the country’s efforts to enhance the competitiveness of national industries through the “Make it in the Emirates” campaign. Dubai Investments’ strong presence across diverse manufacturing sectors and the Group’s pivotal role as an economic powerhouse has strengthened the Group’s position as a trusted partner and catalyst for continued growth.

Dubai Investments’ progress made in advancing and integrating Environment, Social and Governance (ESG) into all business areas, is something that is worth highlighting and is clearly outlined in the Group’s 2022 Sustainability Report. The Group has doubled reduction in Total GHG emissions with 32% in 2022. The impressive results demonstrate the Group’s commitment to sustainable business practices developed in accordance with the latest Global Reporting Initiative (GRI) Standards and highlight ESG as a crucial component of the Group’s corporate philosophy, capable of creating sustainable long-term value and secure financial returns.

Together, let us continue to embrace the rest half of the year with enthusiasm and determination, scaling new heights, and delivering unparalleled value.

Khalid Bin Kalban
Vice Chairman & CEO

Khalid bin kalban
55% increase
AED 314.45 Mn
32% reduction


Danah Bay, Al Marjan Island Phase 1 in Ras Al Khaimah fully sold out


Dubai Investments through its diverse subsidiaries like Emirates Extrusion Factory, White Aluminum Factory, Globalpharma, Emirates Building System, Emirates Extruded Polystyrene, Emirates Float Glass, and Emirates Glass participated at the “Make it in the Emirates” Forum


AGM 2023

Dubai Investments announced an enhanced board at AGM 2023. Total no. of board members now increased from seven to nine and a new female board member added

New Board Members

Ahmed Salem Abdulla AlHosani

A business professional who continues to extend his diverse skill sets across a wide range of sectors and is currently serving as the Managing Director and Director at Sharjah Insurance Co. AlHosani plays a crucial role in overseeing the strategic direction and overall operations of the company

Hind Abdulrahman Al Ali

A business professional with extensive experience and expertise in the industrial sector, particularly in supply chain management. Since April 2022, AlAli has held the position of board director at National General Insurance (NGI). In addition to her board role, she serves as a member of NGI's audit, risk, and compliance committee

Faisal Abdulaziz Alshaikh Mohamed Alkhazraji

A business leader with a strong presence within the corporate landscape. Since 2022, Alkhazraji has served as a Board Member of National General Insurance PJSC. He has also been a Board Member of Al Mal Capital REIT since 2021 and in 2020, he was appointed a Board Member and Managing Director for Belhasa International Company LLC

Emicool ST

Honoring long-standing partnership

Accepted an invitation from Al-Hafez to celebrate their 50 Years Anniversary, acknowledging the historical partnership to enhance the quality of life for patients in Kuwait. Dr. Mariam Galadari, received the trophy from Al-Hafez management

Emicool ST

Brand positioning

Basem Albarahmeh, General Manager, Globalpharma presented on company's 25 years journey and participated in a panel discussion as part of the 'Overview session for the Industrial Partnership for sustainable economic development between UAE at the “Make it in the Emirates” Forum

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Enhancing health

Recently launched CG21, an herbal mixture of cloves and costus, used as an antioxidant, analgesic, anti-inflammatory, and for improving liver health

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Expanding portfolio

Successfully registered Ruset, fixed-dose combination tablets for treating patients with high-risk cardiovascular diseases.

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Promoting a culture of quality

Celebrated Quality Day, recognizing quality champions and promoting a culture of quality

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Sharing insights

Published the 3rd edition of the Good Manufacturing Practie (GMP) Trend Bulletin 2023, covering the latest news, topics, and updates from the quality landscape across the globe

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Ensuring consistent quality

Installed a Dedicated Air Handling Unit (AHU) for Quality Control -Penicillin lab to avoid cross contamination and adhere to Good Manufacturing Practice (GMP) for producing consistent quality products

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Advancing towards Industry 4.0

Began the Industry 4.0 maturity assessment last year and received a concise overview of Siemens' Digital Transformation Accelerator model recently

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Enriching learning experience

Provided an internship program for pharmacy students from HCT and Fatima College

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Equipping sales team

Conducted training for new joiners to the Sales Team in UAE, KSA, Oman & Bahrain, providing them with comprehensive Medico-Marketing training

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Strengthening presence

Established a partnership aimed at enhancing and establishing presence in the Saudi market, enabling more patients access to high-quality medications at affordable prices

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Demonstrating exceptional Growth

Grew faster than the market by 64% in the UAE and 49% in KSA on Moving Annual Total (MAT) March

Leading from the front

Spreading cheers

Announced annual dividend payout of 2.5% for the Financial Year Ended 31st December 2022

Leading from the front

Recognized as the leading player

Earned the prestigious title of "Middle East Top Independent Asset Manager 2023" by the Citywire Middle East publication

Dubai Investment Real Estate (DIR)
Leading from the front

Realizing high demand

Janayen and Nasayem of Mirdif Hills project fully sold out, and Multaqa at an occupancy rate of 89%

Leading from the front

Bringing joy to residents and visitors

Organized a delightful Eid celebration for the residents and visitors of Mirdif Hills

Enchanting Experience

Hosted a vibrant weekend market spread over a month, offering an enjoyable experience at Mirdif Hills Avenue for both residents and visitors

Leading from the front

Retail business update

Several retail outlets operational with the opening of a supermarket coming soon

Leading from the front

Premium rental opportunities

New office spaces being rented steadily in shell and core

Leading from the front

Energy efficiency upgrade

Implemented an LED lights retrofit project, resulting in an annual energy savings of 700,000 KWH

Leading from the front

Lauding green initiative

Commended the efforts of Delta Hotels by Marriott in DIP, transforming a part of its terrace into a fruitful garden, allowing them to cultivate fresh produce for their guests

Streamlining Digital services

A range of E-Services are offered to businesses and individuals in a convenient online platform to access services such as NOC applications, bill payments, and facility leasing

Leading from the front

New healthcare addition

NMC Royal Hospital extension opens in DIP with 51-beds spanning an area of 125,000 square feet

Leading from the front

Celebrating champions

15th DIP Corporate Sports Competition champions honored at the DIP Office for outstanding athletic achievements and unwavering team spirit, receiving well-deserved trophies

Emirates Glass
Leading from the front

Honoring employees

Hosts annual awards ceremony to celebrate employee achievements

Leading from the front

Showcasing solutions

Participated in the Top Glass Canada Exhibition

Leading from the front

Receiving rewards

Presented with the Best High-End Architectural Glass Manufacturers 2023 award

Leading from the front

Placed among the top

Named as one of the top 50 companies to watch for by CIO Bulletin

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Contributing to health care infrastructure

Supplied glass for the cutting-edge cancer facility at Cleveland Clinic Abu Dhabi

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Leading the way

In line with commitment to sustainable practices implemented water recycling system using non-hazardous wastewater for irrigation purposes

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Stunning glass installations

The Address residences in Dubai Opera Towers shine with Emirates Glass products

Leading from the front

Adding marvels

Discover the spectacular Abu Dhabi Energy Center with Emirates Glass Emicool Solite Ciel


Advancing with certification

Emphasizing commitment to sustainability, EFG obtained ICV Certification by integrating advanced technology into its operations

Leading from the front

Progressive implementations

EFG was invited as Panelist by MoIAT on ITTI Index Assessment Discussion. Mr. Saleem Raza, the General Manager of EFG, discussed how EFG implements recommendations from the ITTI assessment part of the UAE Industry 4.0 program

Leading from the front

Addressing on sustainability

Participated in the World Utilities Congress 2023. Mr. Saleem Raza, the General Manager spoke about EFG's significant contributions to the objectives of the ETIP Program highlighting the alignment with UAE's Net Zero Vision

Meeting demands with expansion

With the newly added Coater, EFG celebrates highest production month

Leading from the front

Commitment to sustainability

Implemented a sustainability program supporting 7 of the UN's 18 Global Goals, aiming to end poverty and protect the planet by 2030, contributing to a brighter future for people and the environment

Leading from the front

Collaborative advancement

Emicool and Kamstrup forged a strong partnership to drive innovation in cooling meter technology, aiming to enhance the efficiency of cooling systems

Leading from the front

Expanding warehouse capacity

Announced the execution of 25,000 m2 warehouses in Abu Dhabi, expanding storage capacity

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Emphasizing quality projects

Participated in Big 5 Construct Ethiopia, providing detailed insights into activities and emphasized commitment to delivering high-quality projects that drive economic progress

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Powering progress in Mali

Annouced the successful delivery of the Sirakoro Thermal Power Plant in Mali, Africa, marking a significant achievement

Leading from the front

Exciting project update

Progressing ahead - Built 160,000 sqm PEB for Asian project, exceeding expectations

Continuing success

Awarded a new project, Tinrhert Field Development in Algeria - Phase 2 of a previously successfully completed project in Africa


Advancing towards implementation

Techsource project team, in collaboration with process owners and key users, successfully completed the Conference Room Pilot (CRP) 2 and Key Users Training (KUT) sessions, advancing towards implementing Oracle Fusion ERP, paving the way for User Acceptance Testing (UAT) sessions, propelling the ERP implementation journey forward for Go-Live


Collaborated with RTA (Roads and Transport Authority) to distribute iftar meals to taxi drivers, reflecting the true spirit of the holy month of Ramadan

Teamed with The Big Heart Foundation to make little hearts' dreams come true during this Ramadan. Gave children the opportunity to choose their own special Eid outfits and made the festive season meaningful for these young ones

Partnered with the Beit Al Khair organization to distribute Iftar meals at staff accommodations across DIP

Mohammed Saeed Al Raqbani presented certificate of participation to the participants as part of the concluding ceremony of the DI Youth Leadership Program

Provided support to the "Smile on the Face" initiative, aiming to provide meals and necessity-filled smile bags to blue-collar workers in DIP

PIDOAM distributed Iftar meals to the staff and employees of Green Community, fostering a sense of unity and providing nourishment during the holy month of Ramadan

Organized a Job Fair for UAE Nationals, offering diverse opportunities across different sectors of the group, supporting the UAE's vision of Emiratization

Committed to nurturing the growth and progress of Emirati employees, a training program was recently conducted to enhance their skills and expertise

Steps were taken towards promoting reduced CO2 emissions and inaugurated EV Charging stations in Dubai Investments HQ building on World Environment Day 2023, contributing to a greener future

Supported Earth Day 2023 and showcased its commitment to making a positive impact on the planet by promoting sustainability in its operations and in the communities it serves

DIP, in collaboration with FittGROUP, marked the 2023 World Bicycle Day by organizing a 6km and 10km bike ride on the community cycling track on June 3rd

Marketing Communication Highlights – Q2 2023

Media Exposure
Leading from the front

On Bloomberg TV

Khalid Bin Kalban, Vice Chairman and CEO of Dubai Investments talked about the Group’s sustained efforts aimed at providing consistent dividends, its investment and divestment plans and the Group’s outlook on the real estate sector
Leading from the front

On Dubai One

A program covered the green initiatives of Dubai Investments Park and its industries in an exclusive round-up highlighting its green efforts. An exclusive interview with Omar Mesmar, GM, Dubai Investments Park was also aired
Creating brand perceptions for Dubai Investments and Subsidiaires

Mirdif Hills Avenue Website

New website published to enhance the digital presence

Emirates Float Glass Website

Migrated to more secure,scalable cloud server for better perfornance
Leading from the front

Dubai Investments Corporate Brochure

Leading from the front

Dubai Investments Annual Report

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Dubai Investments Sustainability Report

Leading from the front

Dubai Investments Digital Presentation

Leading from the front

AGM ads in newspaper

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EV station branding

Leading from the front

Ramadan lighting in DIP

Leading from the front

Emirates Float Glass new logo unveiled

Leading from the front

Glass LLC new logo unveiled


The United Arab Emirates unveiled plans to send a spaceship to explore the solar system's main asteroid belt, the latest space project by the oil-rich nation after it launched the successful Hope spacecraft to Mars in 2020.

Dubbed the Emirates Mission to the Asteroid Belt, the project aims to develop a spacecraft in the coming years and then launch it in 2028 to study

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The UAE began rolling out a 9% business tax with exemptions for the many free zones which power its economy, as the formerly tax-free oil producer seeks to boost non-oil revenue and remain a regional commercial hub.

The business tax follows a 5% value added tax (VAT) introduced in 2018, gradually eroding the United Arab Emirates' tax-free status that helped it carve out a role as an international trade and tourism hub and magnet for the ultra-rich.

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The Mars 2117 Project is a long-term project, where UAE’s first objective is to develop the educational system to lead scientific research across the various sectors,” Sheikh Mohamed said. He also said that the knowledge outcomes of the research project will be available for all international research institutions; adding that the objective of the research is to contribute in facilitating people lives on earth as well, mainly in the domains of transportation, energy and food.

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