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Dubai launches comprehensive investment fund for government holdings

The new Dubai Investment Fund is to act as an independent public entity working commercially.

The new Dubai Investment Fund is to act as an independent public entity working commercially.

Centralizing Government Investments:

Dubai has unveiled a pioneering move by establishing a new investment fund to oversee and manage all governmental investments. 

This inclusive initiative extends to the administration of stakes in major entities such as the Dubai Electricity and Water Authority (DEWA), Salik Company, and Dubai Taxi Company.

Holistic Asset Registration:

As part of this directive, all pertinent government bodies within Dubai are required to systematically register their diverse assets. 

These encompass stocks, shares, movable and immovable properties, licenses, permits, bonds, privileges, and various other financial instruments, consolidating them under the umbrella of the recently inaugurated Dubai Investment Fund.

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