Dubai Holding Announces Completion of First Phase of New Organisation Structure
Property and Business Parks Verticals Streamline Structure
Dubai: 22 August, 2009 – Dubai Holding today announced that the first phase of the company’s realignment has been completed with the formation of two verticals, Property and Business Parks.
The formation of these two verticals is the first step in executing the full realignment into four verticals, as announced recently, in order to streamline its operations and ensure the continued delivery of world-class projects and future growth of the organisation.
The verticals allow Dubai Holding to build on its core competencies in two major specializations and effectively bring together complementary assets across the business, allowing access to greater benefits for customers. Existing project plans will remain in place.
The Property vertical integrates and leverages the strengths and portfolios of Dubai Properties Group with Sama Dubai, as well as Tatweer’s real estate development projects including REMRAAM™, The Tiger Woods Dubai, DUBAILAND® and BAWADI, to create one of the largest real estate and development based businesses in the region. Each business brings considerable and distinctive strength to the Property vertical.
The Business Parks vertical integrates the existing operations of TECOM Investments with Dubai Healthcare City and Dubai Industrial City, thus expanding the focus of the development of innovation in information, communication, media and knowledge to also include healthcare and industrial development.
Ahmad Bin Byat, CEO, Dubai Holding, said:
The process of realignment has led to the development of Dubai Holding into a more efficient organisation, able to respond more effectively to the needs of its stakeholders. The transition has been smooth and had minimum impact on our relationships with our partners and clients.
Notes to Editors
For further information:
Mamoon Sbeih
JiWin Public Relations
Tel: +971 50 4500771
Email: Mamoon.Sbeih@jiwin.ae
Or
Malcolm Ward
JiWin Public Relations
Tel: +971 50 6246539
Email: Malcolm.Ward@jiwin.ae
About Dubai Holding
Dubai Holding was launched in October 2004 to consolidate the various large-scale infrastructure and investment projects in Dubai, as well as to identify opportunities to develop future major projects that will benefit the UAE and the region. The company has been created with the goal of providing a better future for all through the range of life-improving industries it is involved in.
Each Dubai Holding operating company focuses on key areas which dynamically support the development of Dubai as a world-leading hub for commerce, leisure and finance. Under its slogan: “for the good of tomorrow” Dubai Holding has created a strong presence in 13 various industries by developing pioneering initiatives spanning numerous sectors including Finance, Real Estate, Technology, Hospitality, Energy, Healthcare, Aerospace, Communication, Industrial Manufacturing, Biotechnology, Education, Leisure & Entertainment, and Telecommunication. Dubai Holding’s seven member companies are: Jumeirah Group, TECOM Investments, Dubai Group, Dubai Properties Group, Tatweer, Sama Dubai, and Dubai International Capital.
Through these companies Dubai Holding has a foothold in four continents with more than 250 companies and around 16, 000 employees. The seven members have initiated, launched, and manage companies in different sectors.
These companies include: Jumeirah Living, Jumeirah Essex House , Wild Wadi, Dubai Internet City, Dubai Media City, Dubai Knowledge Village, Dubai investment Group, Noor Islamic Bank, Borse Dubai, Dubai Properties, Injaz, Salwan Properties Management, Dubai Healthcare City, Universal Studios Dubailand, The Tiger Woods Dubai, Dubai Towers, Salam resort brand, Dubai International Capital Global Equity, and Dubai International Capital Private Equity.
For more information about Dubai Holding, please visit www.dubaiholding.com