As we approach the end of another remarkable year, I wanted to take a moment to reflect on the milestones and successes that have defined Dubai Investments' journey throughout 2023. It has truly been a year of resilience, growth, and strategic expansion, showcasing the unwavering strength of the Group’s business model amidst a challenging landscape.
Dubai Investments stayed committed to delivering robust financial results and this resilience demonstrates the Group’s adaptability in dynamic market conditions.
The Group’s strategic investments will continue to broaden the diverse portfolio. Real estate projects like Danah Bay, Mirdif Hills, Al Taif Business Center have exhibited exceptional performance, driving substantial growth in the property segment and fueling the Group’s momentum.
Dubai Investments entry into African markets with Dubai Investments Park (DIP) Angola marks a pivotal global expansion move, solidifying the Group’s strengths in creating mixed-use developments, highlighting the Group’s focus on expanding into new territories and enduring value creation. The Group continues to consistently seek out profitable segments to expand its business and this year's increased stake in Monument Bank underscores the Group's keen eye for identifying lucrative investment opportunities.
The last quarter this year witnessed the biggest sustainability event hosted in Dubai, UAE – COP28 and the Group’s dedication to sustainability was reinforced through the participation in COP28. Alongside other industry leaders, the Group reaffirmed commitment to drive positive change, emphasizing responsibility towards a sustainable future.
Operationally, the successful ERP migration propelled Dubai Investments to new technological heights, enhancing efficiency and client service.
Looking ahead to 2024, the Group’s vision remains ambitious and focused. Dubai Investments plans to expand into the healthcare sector, identifying fresh avenues for growth and innovation. Additionally, strategic and profitable exits from select businesses will align the Group’s portfolio with evolving market dynamics.
Every member of Dubai Investments played a pivotal role in this success, and it is the collective dedication that has propelled the Group to achieve these milestones. As we close this year, let's maintain this momentum and embrace upcoming opportunities. Together, let's continue scripting the Dubai Investments' success story.
Khalid Bin Kalban
Vice Chairman & CEO
Forbes Middle East featured Dubai Investments Vice Chairman and CEO, Khalid Bin Kalban as one of the Sustainability Leaders for actively working to enhance environmental sustainability in the MENA region
Dubai Investments ranked among the top 10 in the Forbes Middle East sustainable 100 Investment companies. Mohammed Saeed Al Raqbani, General Manager of Dubai Investments Industries, Masharie and Head of the Sustainability Committee, accepted the award
Dubai Investments took center stage, participating in the largest sustainability event with presence at the Green Zone in the Climate Finance Hub, Expo City Dubai, highlighting the firm commitment to a greener future and reiterating the dedication to sustainability on a global platform
Successfully concluded the remarkable ERP transformation journey, breaking new ground in digital advancement
Achieved #3 ranking in the UAE and #9 in the KSA, with impressive total market share growth of 5.9% and 2.4%, respectively, demonstrating market leadership and excellence
Hosted H.E Ambassador Aklilu Kebede, Consul General of the Federal Democratic Republic of Ethiopia and explored pharmaceutical sector partnership for mutual growth
Dr. Wafaa Ayesh led CME accredited Herbal Seminar emphasized the significance of Herbal Supplements & Vitamins, featuring MG21 & CG21 products
Internal auditors got trained extensively as ISO Auditors, completing the ISO Stage 1 audit for Integrated Quality and HSE system, reaffirming commitment to quality and safety
Globalpharma management including Mohammed Saeed Al Raqbani, Dr. Basem Albarahmeh, and Ahmed Kasem, visited partner TAMER Co. in Saudi to discuss past successes and future expansions in Saudi healthcare
Organized comprehensive health checkups prioritizing and fostering a culture of employee wellness and well-being
Conducted HAZOP (Hazard and Operability Study) and internal training for hazard identification, mitigation, regulatory compliance, Lean methodology, and HSE
Enhanced environmental control with installation of two new Fresh Air Handling Units (FAHUs) in finished goods warehouse, ensuring ideal storage conditions
Emirati talent meetings organised , securing commitment for exceptional career growth opportunities within the group
Internship programs that benefited 30+ students helped in cultivating and developing future pharmaceutical talent
American University Dubai students gained real-world pharmaceutical industry insights during the recent visit, igniting their career aspirations
Recognized as one of the ‘Best Places To Work’ in the UAE and KSA for 2023, upholding high HR and workplace standards
Announced outstanding performance and dividend distribution for unitholders of Managed Funds
Faisal Hassan, Chief Investment Officer & Head of Asset Management shared sustainable investment views at the MEA Finance Wealth & Investment Summit 2023 conference and at Khaleej Times Business Innovation Technology (BIT 2023) conference.
Highlighted the commitment to sustainability by being part of COP28, reinforcing the dedication to combat Climate Change. Dr Adib Moubadder, CEO of Emicool had a strong presence in panel discussions at COP28.
Dr Adib Moubadder, CEO, Emicool was part of a panel discussion at the 9th District Cooling Summit 2023 sharing views on regulatory challenges, environmental impact, innovative technology, and global collaboration for sustainable district energy solutions.
Won platinum award at the Global ESG Awards for water conservation efforts in two categories: Sustainable Water Management and Climate Advocacy and Education
Recognized as a great place to work (GPTW) for two consecutive years, marking a significant achievement as the first company to be get this honour within the UAE’s district cooling industry
A diverse range of services including the Top Chai Coffee Shop for your caffeine cravings, Du Express Counter for quick and convenient services, Maids CC Domestic Workers Services for domestic assistance, World Golden Perfumes offering a diverse range of fragrances, LM Exchange for financial and currency exchange services, Thrifty Car Rental providing car rental services, Insignia Real Estate Management and LuxSquare Real Estate for comprehensive real estate solutions, Beu Bella Cosmetics Trading for cosmetics and beauty products, Ritual Ladies SPA for relaxation and rejuvenation and 108 Yoga Studio offering yoga and wellness practices.
Received the prestigious ICV (In-Country Value) Certification marking a significant accomplishment, reflecting the unwavering commitment to the UAE's economic growth, sustainable development, and community welfare
A unique team-building journey was undertaken to the vibrant city of Baku, strengthening internal bonds, inspiring shared commitment to excellence, and celebrating individual strengths
The sales team delved into sales intricacies during a training program that included immersive role-playing and refining the 6 key selling steps
Completed fabrication, supply, and installation supervision of a remarkable 1,300 KG arch glass with SuperVision40T coating for Jean Deiss Origin & Rabel in Jumeirah Islands, Dubai
Chosen as the exclusive glass supplier of EmiCool DSR II glass for Ports, Customs & Free Zone Corporation (PCFC) project in Dubai Maritime City and EmiCool Elite Blue 40 Plus glass for Imkan project in Al Raha Beach, Abu Dhabi
Factory workers enjoyed an adventure day at Dreamland Aqua Park, a reward to their dedication and bonded through laughter and relaxation
Flu vaccine Day was organized to prioritize employee well-being and ensuring a healthy and safe workplace
General Manager Saleem Raza, joined the Schneider Electric showcase during COP28 and engaged in exclusive, roundtable discussion along with industry leaders
Achieved a significant milestone as the UAE's only float glass manufacturer by securing the prestigious Golden Listing and ICV (In-Country Value) certification through the Abu Dhabi Local Content Program
Provided Woqod Tower with high-quality float glass, showcasing unwavering commitment, expertise and artistic brilliance
Successfully completed the Time of Use (TOU) pilot program in collaboration with Abu Dhabi Distribution Company (ADDC), focused on reducing electrical load during peak hours
Secured the Tinrhert Field Development project in Algeria, Phase 2 of a previous success project, with the scope including procurement and fabrication of steel structures and components
A 30,000 m2 warehouse and office project in Dubai Industrial City, involving PEB steel structure design, fabrication, and supply, along with mezzanines and building accessories
Bagged a major fast-track project at Abu Dhabi Airport, covering engineering, steel structure fabrication, erection, and fire-rated paint application for two aircraft hangars
Responsible for designing, fabricating, and supplying pre-engineered steel buildings for 160,000 m2 textile factories in India, a testament to the trust in the product quality
Contributed to the Red Sea Utility Assets and Infrastructure Project in Saudi Arabia by delivering essential steel structures
Designed, fabricated and installed the steel structure for the new Jafza Logistics Park, a source of pride
Provided 3,500 tons of structural steel for the expansion of the Central Processing Facility (CPF) in the Majnoon Oil Field, Southern Iraq
Presented a range of innovative steel solutions at the ‘Big 5’ Global Dubai event
The Raffle draw was concluded successfully and winner of the Grand Raffle draw and three winners of the exciting travel destinations were announced
BRIDE TO BE Boutique - exquisite dresses, alluring heels, and trendy accessories for a fashionable experience, Retro Rent A CAR – offering a wide range of luxury and economical cars, Pirates Bay Seafood Restaurant – offering delicious and huge seafood meals.
Participated in 'Big 5 Global' as a Sustainable Development Sponsor, presenting pioneering solutions for a greener future
Informed residents about the Al Yalayis Street Roundabout closure for 9 months from Dec 11, 2023, due to Etihad Rail work and the introduction of two new U-turns
DI’s building material subsidiaries exhibited their best-in-class industry offerings at the Windoorex and Fabex exhibition in Riyadh, Saudi Arabia
DI and subsidiaries organized breast cancer awareness session to empower employees. An informative session by Dr. Millicent Alache Bello from Kings College Hospital London was held at the DI Headquarters and it provided valuable information on early detection and prevention of Breast Cancer
Employees came together for the Ghaf Tree Planting Program, reflecting a strong commitment to green and eco friendly spaces
DI and its subsidiaries joined the global effort to protect the environment on International E-Waste Day promoting recycling, reducing waste and renewing for a sustainable future
The UAE flag was proudly raised on Flag Day by DI and its subsidiaries, reaffirming the commitment to the nation's growth and prosperity
Volume 2 of the Youth Leadership Program commenced, fostering leadership skills and global perspectives among enthusiastic students from various schools
Dubai Investments participated in the Dubai Fitness Challenge and employees prioritized a healthy lifestyle using the Fitze app, collectively taking over 27 million fitness steps. This charity fitness challenge supported underprivileged children's education through Dubai Cares
DI and its subsidiaries celebrated UAE's 52nd National Day embodying unity, tolerance, progress, prosperity, and sustainability
Dubai Investments and its subsidiaries participated in the Clean Up UAE campaign promoting community involvement, environmental values and the spirit of volunteering
Dubai will transfer shares in some of its biggest companies to a new investment fund, aiming to bolster the emirate's financial stability by investing at home and internationally. The fund will hold shares in Dubai Electricity and Water Authority, toll-road operator Salik and Dubai Taxi and other state-owned firms, the Dubai Media Office said.
Nations at COP28 in Dubai approved earlier on Wednesday a roadmap for “transitioning away from fossil fuels” – a first for a UN climate conference – but the deal still stopped short of a long-demanded call for a “phaseout” of oil, coal and gas. Reacting to the adoption of the outcome document, UN chief António Guterres said that mention of the world’s leading contributor to climate change comes after many years in which the discussion of this issue was blocked.
Bustanica’s 10,000 square metre facility in Dubai produces three tonnes of mostly leafy vegetables daily in an environment where temperature, humidity, waterflow and nutrients are controlled. “If you want to produce the same amount of leafy greens, you would require almost 470,000 square metres of land, about twice the size of Dubai International Airport,” said Mr Feras Al Soufi, the general manager of Emirates Crop One, which operates the project.
Each year, the UAE makes significant changes to its laws to make it easier for residents to enjoy life in Dubai. From non-Sharia compliant marriages to mandatory unemployment insurance, here are nine new rules introduced in the UAE in 2023 you should know about: