Dubai World

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Dubai World دبي العالمية
Type	Investment company (Government-owned)
Founded	July 2, 2006
Headquarters	Dubai, United Arab Emirates
Area served	100 cities in 60 countries
Key people	Sultan Ahmed bin Sulayem - Chairman
Industry	Diversified Investments
Products	Investment
Revenue	▲ 30 Billion USD (2006)
Operating income	▲ 9.8 Billion USD (2006)
Net income	▲ 2.1 Billion USD (2006)
Owner	Public
Employees	100,000+
Subsidiaries	DP World Jafza Nakheel Dubai Drydocks Maritime City Dubai Multi Commodities Centre Tamweel Tejari Limitless Istithmar Kerzner One & Only Atlantis Island Global Yachting Inchcape Shipping Services
Website	www.dubaiworld.ae

Dubai World is an investment company that manages and supervises a portfolio of businesses and projects for the Dubai Government across a wide range of industry segments and projects that promote Dubai as a hub for commerce and trading. It is chaired by Sultan Ahmed bin Sulayem.

Dubai World was established under a decree ratified on March 2, 2006 by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President & Prime Minister of UAE and Ruler of Dubai.

On July 2, 2006 it was launched as a holding company with more than 50,000 employees in over 100 cities around the globe. The companies managed by Dubai World include DP World, the third largest port operator in the world, Jafza, Nakheel (known for residential estate development projects such as The World), Dubai Drydocks, Dubai Maritime City, Dubai Multi Commodities Centre, Istithmar, Kerzner, One & Only, Atlantis, Island Global Yachting, Limitless, Inchcape Shipping Services, Tejari, TechnoPark and Tamweel.

The group has extensive real estate investments in the US, the UK and South Africa.

Dubai World made headlines in March 2008 after its chairman, Sultan Ahmed bin Sulayem, threatened to take the fund's money out of Europe if the European Union tried to regulate his activities.^[1] As mentioned, Dubai World's threats came shortly after the EU attempted to lay out "a set of principles for transparency, predictability and accountability" for Sovereign Wealth Funds.^[2]

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