Investment Corporation of Dubai
Sovereign wealth fund from the United Arab Emirates / From Wikipedia, the free encyclopedia
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Investment Corporation of Dubai (Arabic: مؤسسة دبي للاستثمارات الحكومية, ICD) is the principal investment arm of the Government of Dubai[2] focused on strengthening Dubai’s economy through long-term value and wealth creation and investing in global opportunities.[3] Established in 2006, ICD manages the Government of Dubai Portfolio of commercial companies and investments.[4] In 2022, ICD reported assets worth $320 billion and revenue of $73 billion.[5] The Dubai-based corporation provides strategic oversight, develops and implements investment strategies and corporate governance policies, and operates in multiple sectors, including oil and gas, transportation, banking, and financial services.[6]
Native name | مؤسسة دبي للاستثمارات الحكومية |
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Company type | Sovereign wealth fund |
Founded | 3 May 2006; 17 years ago (2006-05-03) |
Headquarters | , |
Key people | Hamdan bin Mohammed Al Maktoum, Chairman Mohammed Ibrahim Al Shaibani, Managing Director |
Revenue | US$73 billion (2022)[1] |
AUM | US$320 billion (2022)[1] |
Owner | Government of Dubai |
Website | icd |