May 23, 2015
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For the past three decades, Dubai’s core economic strategy has been diversification and the emirate has succeeded in building dominance in numerous sectors, including the energy and industrial sector.
ICD’s holdings in this vital sector feature ENOC, a diversified energy group active both regionally and in Africa, Asia and Europe and cable manufacturer, DUCAB. The portfolio also includes EGA, one of the leading aluminium producers in the world and a key player in the economy as the UAE is the fourth largest producer of aluminium worldwide.
As its local investments mature, ICD is casting its eye overseas with the recent acquisition of a minority stake in Nigeria’s largest cement manufacturer Dangote Cement.