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Dubai World

دبي العالمية · United Arab Emirates · Middle East · Founded 2006 · State holding company · Not an IFSWF member

Focus

Dubai World: what it invests in

Transport and logisticsInfrastructure and utilitiesReal estateIndustrials and manufacturingFinancial services
Strategic state holdingsReal estateInfrastructurePrivate equity

Geography Domestic and global

Scale

Dubai World: how big it is, and on what basis

Not disclosed
Total assets (balance sheet)
Transparency

Dubai World: what it publishes

2.5 of 10 Band 2 of 5

Published 1 · Partly 3 · Not published 6

Our 10 item score. It measures what is public, not how well a fund is run.

Total assetsS7
Not disclosed
FoundedS1
2006 (Law No. 3)
As of
Strategic areasS3
4
As of
DP World revenue 2025S5
USD 24.4B
As of
DP World EBITDA 2025S5
USD 6.4B
As of
Transparency scoreS1
2.5 of 10
As of

At a glance. Dubai World is a Government of Dubai holding company set up by law in 2006 and run on a commercial, for-profit basis. Its group has included DP World, Drydocks World, Economic Zones World, Nakheel and the investment arm Istithmar World. It does not publish its total assets, returns or accounts; listed subsidiaries such as DP World report on their own. S1 S3 S4 S5

Key points

  • Strategic areas: transport and logistics, drydocks and maritime, urban development, and investment and financial services. S3
  • Majority owner of port operator DP World, as described in 2017. S3
  • Launched in July 2006 with more than 50,000 staff in over 100 cities. S4
  • Net profits go to the government after a reserve set by the board. S1
  • The government is not liable for the debts of Dubai World or its subsidiaries under Article 15 of the law. S1
  • Its law lets it build and run airports, seaports and free zones as well as invest in any financial business. S1

Interesting facts

  • Its property arm Nakheel built the Palm Islands and The World developments off Dubai. S4
  • Economic Zones World is the parent of the Jebel Ali Free Zone. S4
  • In 2025 Drydocks World launched ALNOKHADA, a floating crane able to lift 5,000 tonnes. S6

Mandate and goals

A public corporation of the Government of Dubai, managed on a commercial basis to earn profits, that invests in and runs businesses which promote Dubai as a hub for trade. S1 S4

  • Invest in, set up and manage commercial, industrial, agricultural, service and property projects. S1
  • Invest across all fields of financial business. S1
  • Build, run and develop airports, seaports and free zones. S1
  • Audit, supervise and coordinate its subsidiaries. S1

How it invests

IndustriesTransport and logistics, Infrastructure and utilities, Real estate, Industrials and manufacturing, Financial services S3 S4
Asset classesStrategic state holdings, Real estate, Infrastructure, Private equity S3
StagesBuyout, Infrastructure, Real estate S3
GeographyDomestic and global. Dubai-based group whose companies operate worldwide, such as DP World ports and Drydocks World yards S3 S4
Direct / through funds / co-investYes / No / Not published S1
Ticket sizeNo minimum or ticket size is published. S7
External managersNot published S7
Co-investment programmeNot published S7

Past investments

YearInvestmentTypeSectorStageAmount
2025ALNOKHADA floating crane (Drydocks World). 5,000-tonne crane launched afloat; delivery planned for mid 2026. S6New company or platformIndustrials and manufacturingNot statedNot published
2025Drydocks World head office. Construction of a new head office began in November 2025. S8Direct investmentReal estateReal estateNot published
2013Drydocks World and Indonesia maritime cluster. Memorandum for a joint venture to build a maritime cluster. S4Joint venture or partnershipIndustrials and manufacturingInfrastructureUSD 2.5B
Not publishedDP World. Port operator; majority owned by Dubai World as described in 2017. S3Direct investmentTransport and logisticsInfrastructureNot published
Not publishedEconomic Zones World. Parent of the Jebel Ali Free Zone. S3 S4New company or platformInfrastructure and utilitiesInfrastructureNot published
Not publishedNakheel Properties. Developer of the Palm Islands and The World. S4New company or platformReal estateReal estateNot published
Not publishedIstithmar World. Group investment company. S3 S4New company or platformFinancial servicesNot statedNot published
Not publishedDubai Maritime City. Maritime district development. S4New company or platformReal estateReal estateNot published

Case studies

DP World: a global port operator S3 S5

  • What: Dubai World has been the majority owner of DP World, which runs ports and logistics businesses worldwide.
  • When: Since 2006
  • Size: Not published
  • Why: Ports and logistics are the first of its four strategic areas.
  • Outcome: DP World reported USD 24.4B of revenue and USD 6.4B of EBITDA for 2025.

Nakheel: building new land S4

  • What: Its property arm Nakheel developed the Palm Islands and The World.
  • When: 2000s
  • Size: Not published
  • Why: Urban development is one of Dubai World's strategic areas.

Drydocks World: maritime industry S8 S6

  • What: Drydocks World started a new head office and launched a 5,000-tonne floating crane.
  • When: November 2025
  • Size: Not published
  • Why: Drydocks and maritime is one of its strategic areas.
  • Outcome: Crane delivery planned for mid 2026.

Investment process

The Ruler of Dubai appoints the Chairman by decree. The Chairman forms the board, which serves renewable three-year terms, and holds executive management. Subsidiaries run their own businesses. S1 S3

CommitteeRole
Board of DirectorsChaired by Sheikh Ahmed bin Saeed Al Maktoum; three-year renewable terms S3

How to approach: No public process for outside investors is published. Group companies such as DP World and Drydocks World have their own contact pages. S7

Size and returns

  • Headline size: Not disclosed (Total assets (balance sheet)) S7
  • Returns: the fund does not publish a return figure.
  • Staff: More than 50,000 employees at launch in 2006 S4

Leadership

NameTitleSince
Sheikh Ahmed bin Saeed Al MaktoumChairman S3 S42010-12-12
Mohammad Ibrahim Al ShaibaniBoard member S92017
Abdul Rahman Saleh Al SalehBoard member S92017
Hamad Mubarak Bu AmimBoard member S92017
Sa'adi Abdul Rahim Hassan Al RaisBoard member S92017
Soon Young ChangBoard member S92017

Governance and transparency

  • Legal basis: Law No. 3 of 2006 of the Emirate of Dubai S1
  • Oversight: Ruler of Dubai, who appoints the Chairman; board formed by Decree No. 3 of 2017 S1 S3
  • Auditor: An external auditor licensed in the UAE, appointed for one renewable year as the law requires; name not published S1
  • Listed or bond-issuing subsidiaries such as DP World publish their own results. S5

Transparency score: 2.5 of 10 (band 2 of 5). Our own 10-item rubric; see the methodology page.

  • Published: governance and mandate documents. S1
  • Partly published: geographic or sector split, holdings or deal list, named leadership. S3
  • Not published: total assets, annual return, long-term returns, asset allocation, audited financial statements, regular reporting schedule. S1 S7

History

DateEvent
2006-03-02Law No. 3 of 2006 issued. S1
2006-07-02Launched as a holding company. S4
2010-12-12Sheikh Ahmed bin Saeed Al Maktoum named Chairman. S4
2013-01-29Drydocks World signs Indonesia joint venture memorandum. S4
2017-02Decree No. 3 forms a new board. S3
2025-11Drydocks World head office and crane milestones. S8 S6

For family offices

Dubai World runs no programme for outside investors and publishes no intake route. Outside capital meets the group through its operating companies. S7 S5

  • Partner with or supply group companies such as DP World, Drydocks World or the free zones through their own channels. S5 S4

Reports

Common questions

When was Dubai World set up?

By Law No. 3 of 2006, issued on 2 March 2006. S1

Is Dubai World the same as DP World?

No. DP World is a port operator that Dubai World was described as majority owning in 2017. S3

Who chairs Dubai World?

Sheikh Ahmed bin Saeed Al Maktoum. S3 S4

How big is Dubai World?

It does not publish its total assets. Its largest company, DP World, reported USD 24.4 billion of revenue for 2025. S7 S5

Is it an IFSWF member?

No. S2

All sovereign wealth funds in Middle East · All state holding companys · All funds in United Arab Emirates

Sources

  1. S1Dubai Legislation Portal, Law No. 3 of 2006 establishing Dubai World
  2. S2IFSWF, members list
  3. S3Gulf Time, decree forming the Dubai World board
  4. S4Wikipedia, Dubai World (revision of 15 June 2026)
  5. S5DP World, 2025 results release
  6. S6Dubai Media Office, Drydocks World launches ALNOKHADA
  7. S7Dubai World, home page
  8. S8Dubai Media Office, Drydocks World breaks ground on new head office
  9. S9Gulf Business, new Dubai World board named

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