Business activities of the government of Dubai

The government of Dubai owns controlling interests in a diverse portfolio of companies. These state-controlled investment entities grew from what was a vision of Sheikh Mohammed bin Rashid Al Maktoum's predecessors in the year 2000. Since then, the ruling Maktoum family has selected leading figures to "take over what has proven to be one of the most extraordinary success stories in global investment and development." Some examples of local companies under Dubai Inc. include Dubai World, Dubai Holding, the Emirates airline, and investment subsidiaries under Dubai World, such as Dubai Ports World, Jebel Ali Freezone, Nakheel, P&O Ferries, and others. Foreign commentators have applied the phrase Dubai Inc. to the system of business activities and government policies that complement each other to further Dubai's economic objectives.

This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.