Investment Corporation of Dubai

The Investment Corporation of Dubai is the principal investment arm of the Government of Dubai in the United Arab Emirates. It was established on 3 May 2006 by a decree of the Ruler of Dubai to manage and consolidate the government's portfolio of commercial companies and investments. At its inception, ICD was capitalized through the transfer of assets from the Department of Finance's Investment Division. Its portfolio includes holdings in sectors such as banking, transportation, oil and gas, real estate, and hospitality, both within the United Arab Emirates and internationally. As of 2024, ICD reported total assets of AED 1.47 trillion and revenues of AED 349.6 billion.