Bright Future and Major Development Projects for Dubai Investments

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On local media reports last week, Dubai Investments Chief Executive announced that theBright Future and Major Development Projects for Dubai Investments company earns profit of over AED 800 million for the year 2013.

Net profit at the end of 2013 is around over 800 million dirhams which is a 149.5 percent increase over the 320.6 million dirhams of profit posted in 2012.

The government-owned multinational, in which sovereign fund Investment Corporation of Dubai own a 11.5 percent stake, has interests in several sectors including property and manufacturing.

The Dubai Investments said that they perceives a bright future ahead and there will be declaration of major development projects this year to capitalize the growth opportunities correlating Dubai’s successful bid to host World Expo 2020.

Confidence has returned to the UAE and this is evident in the upbeat sentiment across various sectors of the economy. “With our expertise across diversified businesses, we are in a good position to capitalize on future opportunities”, Dubai Investments Chief said.