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.

Energy & Industrial
SECTOR STATISTICS

3
Major Holdings
17.4%
Of ICD's Portfolio
Finance & Investment

Finance & Investment

Since the 1970s, Dubai has seen the rise of financial institutions that have helped foster its growth and make it one of the region's top financial centres, located at the nexus of trade between Europe, Asia and Africa. Some of the most prominent banks and financial institutions in the region are part of ICD's rich portfolio.

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Transportation

Transportation

Building up its transportation industry has served Dubai well in positioning itself as a critical gateway to Asia and Africa, and beyond, moving goods and people across the world.

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Energy & Industrial

Energy & Industrial

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.

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Real Estate & Construction

Real Estate & Construction

Through world-class companies like Emaar, and freezones like DAFZA and the DWTC, Dubai is now home to some of the world's most iconic structures, the fastest growing free zones and has become a regional leader in business tourism.

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Hospitality & Leisure

Hospitality & Leisure

As one of the world's most popular tourist destinations, thanks in part to unique resorts like Atlantis the Palm, hospitality and leisure are one of Dubai's most important sectors. ICD's investment in the hospitality sector taps Dubai's plan to be a tourism, social, and cultural hub, attracting visitors from around the world.

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Retail & Other Holdings

Retail & Other Holdings

Dubai is the retail destination in the region, making this sector a critical one to the emirate's growth. Its award-winning offerings are not limited to malls and lifestyle destinations but include key entities such as Dubai Duty Free Establishment.

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