Investment Corporation of Dubai (ICD)

Investment Corporation of Dubai (ICD) is a sovereign wealth fund and the primary investment arm of the Government of Dubai, United Arab Emirates. Established in 2006, ICD manages a diverse portfolio of assets, focusing on various sectors such as banking and financial services, transportation, real estate and construction, energy, industrial, and hospitality.

ICD's primary objective is to create long-term value for its shareholder, the Government of Dubai, by investing in companies and assets that generate sustainable returns and contribute to the economic growth and diversification of Dubai. In addition to managing its own investments, ICD also oversees the government's stakes in several key state-owned enterprises, including Emirates Group, Emirates National Oil Company (ENOC), and Dubai World, among others.

The fund's investment approach is characterized by a mix of direct investments, joint ventures, and strategic partnerships with leading global companies. ICD typically focuses on sectors that are aligned with Dubai's strategic priorities, such as infrastructure, logistics, tourism, and renewable energy. It also invests in international markets, seeking to capitalize on opportunities in high-growth sectors and regions.

ICD is governed by a Board of Directors, which is responsible for setting its strategic direction, approving major investments, and monitoring its performance. The day-to-day operations are managed by a professional team of investment managers and experts led by the Chief Executive Officer. The organization is committed to adhering to the highest standards of corporate governance, risk management, and transparency in its investment activities.