Investment Corporation of Dubai is taking a leading role in driving the future prosperity of the nation. By 2010, Dubai will have one of the world's fastest growing economies, with a sophisticated public mass transportation network; some of the world's most desirable real estate and will boast the world's tallest building. In just ten years Dubai will have seen a growth in population of almost 50% and a GDP growth-rate averaging 8% per annum.
With these accomplishments in such a relatively short period of time, Dubai is an example to the world of what can be achieved with inspirational vision, bold strategies and sound management.
These achievements have been the result of wisdom, vision and leadership. This process of transforming Dubai into a global economy has been embraced by our esteemed chairman, His Highness Sheikh Mohammed bin Rashid Al Maktoum, The Ruler of Dubai.
Investment Corporation of Dubai's portfolio comprises all wholly or partly owned government businesses. ICD's mandate is to generate a superior return on investment, in a way that will benefit the entire Dubai community.
ICD was formed in May 2006, with the transfer of the government's portfolio of investments from The Department of Finance's Investment Division. Its role is to supervise the government's investment portfolio adding value through the implementation of world best-practice corporate governance, the recruitment of the best people and the embracing of a global investment strategy.
ICD is committed to the prosperity of Dubai and will continue to grow, both as an organisation, attracting world-class people from international and local markets, and in the success of its investment portfolio.