Dubai World (Arabic: دبي العالمية) is an investment company that manages and supervises a portfolio of businesses and projects for the Dubai government across a wide range of industry segments and projects that promote Dubai as a hub for commerce and trading. It is the emirate's flag bearer in global investments and has a central role in the direction of Dubai's economy. Assets include DP World, which caused considerable controversy when trying to take over six US ports, and Nakheel, its property arm, which built The Palm Islands and The World developments, and Istithmar World, its investment company. It is chaired by Ahmed bin Saeed Al Maktoum.
Read more about Dubai World: History, 2009 Debt Standstill, Debt Deal, Managed Companies
Famous quotes containing the word world:
“Really, all things and persons are related to us, but according to our nature, they act on us not at once, but in succession, and we are made aware of their presence one at a time. All persons, all things which we have known, are here present, and many more than we see; the world is full.”
—Ralph Waldo Emerson (1803–1882)