Investment Corporation of Dubai

Investment Corporation of Dubai (ICD) is the principal investment arm of the Government of Dubai, managing government-owned companies and investments based in Dubai, United Arab Emirates. Operating with full financial and administrative autonomy, it invests across sectors like energy, transportation, real estate, and industry, aiming to generate superior returns and foster economic growth. While specific assets under management are not publicly disclosed, the corporation is wholly owned by the Government of Dubai and funded through transferred government assets. Key figures include H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum (Chair) and H.E. Mohammed Ibrahim Al Shaibani (Chief Executive). Founded on May 3, 2006, by H.H. Sheikh Mohammed bin Rashid Al Maktoum. Its business model centers on wholly owned by the Government of Dubai, funded through government assets transferred upon incorporation, with investments aimed at superior returns.