Middle East Economic Survey

VOL. XLVII

No 42

18-October-2004

UAE

INFRASTRUCTURE

Dubai Holding Company Formed To Manage Emirates Major Projects

A new company, Dubai Holding, has been formed to manage a number of the major projects in the emirate. The value of the firm is estimated at $25-30bn, making it the biggest in the Middle East outside the oil sector. The announcement of its formation, at the direction of Dubai Crown Prince and UAE Defense Minister General Shaikh Muhammad bin Rashid Al Maktum,...