Dubai is one of the most visited tourist destinations in the world, with 14.9 million international visitors in 2016. Moreover, the Dubai Tourism and Commerce Marketing estimates that by 2016 medical tourism will generate AED1.1bn, and will more than double by 2020.

It required decades of careful planning, investments in infrastructure and synergistic growth in complementary sectors for the emirate to achieve this hard-earned success.

Due to this sector’s central importance to Dubai’s economy, ICD established ICD Hospitality & Leisure to focus its investments on stakes in leading hotels around the world. Along with the Atlantis resort on the Palm and a significant stake in Kerzner International Holdings Limited, the international resort and hotel developer and operator, ICD has expanded its investments into the United States and South Africa to include the W Hotel in Washington DC, and stakes in the Mandarin Oriental in New York and the One&Only in Cape Town.

Hospitality & Leisure
SECTOR STATISTICS

2
3

MAJOR HOLDINGS

12.3%
Of ICD's Portfolio
Atlantis the Palm

Atlantis the Palm
Atlantis the Palm

September 27, 2016

Golf in Dubai

Golf in Dubai
Golf in Dubai

September 27, 2016

Kerzner

Kerzner
Kerzner

September 27, 2016

Finance_M

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_M

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

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Energy_M

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_M

Real Estate & Construction

Through world-class companies like Emaar, and freezones including 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_M

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_DDF1

Retail & Other Holdings

Dubai is the retail destination in the region, making this sector fundamental 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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