Investalk Q4 2022: Dubai Investments

A snapshot of our endeavors

2022 marked another transformative year for Dubai Investments. It has been a year through which the Group strengthened its businesses and will continue to roll out strategic tactics, aimed at maintaining consistent growth while enhancing resilience for the long-term future and creating value across the business ecosystem.

As a Group, Dubai Investments will continue to channelize its efforts towards capitalizing on the incredible opportunities the region has to offer. The exceptional performance during the year has been a result of unlocking value through the divestment of a 50% stake in EMICOOL. Strategic investments and planned divestments are expected to play a key role in enhancing diversification and taking the Group to the next level.

The company’s core real estate sector, manufacturing, contracting, and services segment has also continued its impressive performance. With the real estate market demonstrating notable performance this year at the back of market-friendly policies and initiatives, Dubai Investments’ new upcoming project Danah Bay is another addition to the Group’s real estate portfolio and marks foray into a new emirate.

The Group aims to drive growth and success, backed by an exceptional workforce, stronger stakeholder relationships, and ongoing digital transformation pursuits, thereby enhancing business relationships. At the same time, it is important to take a well-guarded approach to each step we take as we steer through a period of turbulence and unpredictability.

As we embrace the new year with new hopes and newer challenges, let me thank everyone for their support and dedication, and let us strive together to create many more successful years to come!

Wishing you and your family an incredibly happy new year 2023!

Sincerely,

Khalid Bin Kalban
Vice Chairman & CEO

ACHIEVEMENTS

227%

DUBAI INVESTMENTS’ NET PROFIT SURGE FOR THE 9^TH MONTH PERIOD ENDED SEPT 30, 2022

FLASH NEWS

Conducted ground-breaking ceremony for Danah Bay project in Ras Al-Khaimah

Integrated large-scale digital transformation for enhancing business efficiency

Signed agreement with Millennium Group of Hotels to open a 300 keys upper scale 4-star hotel in Danah Bay, Al Marjan Island, Ras Al Khaimah

NEWSMAKERS

GLOBALPHARMA

Recognized as the best

Received the ‘Great Place to Work’ Certification

Propelling ‘MAKE IN THE UAE’

Signed an agreement with GSK to localize the manufacturing of medicines in the UAE

Collaborating for growth

Globalpharma team led by Mohammed Saeed Al Raqbani visited a leading pharmaceutical manufacturer in Cairo, Egypt to explore collaboration opportunities

Dominating the segment

Continues to lead in the generic market segment. UAE: 10% market share and growing faster than the market by 64%. KSA – 4% market share and growing faster than the market by 32%.
Source: IQVIA market audit report (YTD Oct’22)

Health and wellbeing in focus

Collaborated with American Hospital, NMC, Marsh Brokers, and Micro Health Laboratories and conducted various health and wellness programs for employees as part of observing October as the wellness month

Embracing local talent

Initiated the first phase of assessments and interviews for local talents and welcomed 2 young Emirati talents

Nurturing our workforce

Arranged Power BI (Business Intelligence) training through Blue Ocean Academy for Finance, Supply Chain, Commercial and IA (Intelligence Augmentation)

Smartening up the workplace

Implemented General Quality Control Lab modification & installation of flexible exhaust arm in wet chemistry/instrument lab, complying with HSE requirements for heat & noise as well as effective utilization of working space

Continuing to lead by example

Implemented priority initiative for people development & knowledge sharing with the 2nd edition of GMP Trend Bulletin, featuring the latest news and best practices in the Pharma industry

Driving the digital initiative

Successfully completed the Ministry of Industry and Advanced Technology’s 4th Industrial Revolution Readiness Index, aimed at enhancing digital transformation strategies

Contributing to a healthier planet

Installed a new Effluent Treatment Plant (ETP) to reduce impact and recycle wastewater for landscaping, complying with local regulations

Implementing newer technologies

Implemented new technologies to facilitate higher quality product output, greater consumer satisfaction and confidence, less product waste and recalls

Preparing to deliver the best

Quality, Health, Safety & Environment training conducted as a part of a continual improvement program, increasing employee awareness, reducing accidents and injuries, encouraging communication, boosting productivity and improving quality

EMIRATES BUILDING SYSTEMS

Highlighting capabilities

Participated at the Big 5 exhibition in Dubai and showcased business offerings

Firming ground in Africa

Delivered 30,000^m2 beverage factory in Kumasi – Ghana, Africa with scope including design, fabrication and supply of steel structure, cladding and building accessories.

Enhancing portfolio

Completed and delivered 40,000^m2 Jafza Logistics Park project in Jebel Ali, Dubai with the scope covering design, fabrication , supply and erection of the steel structure, purlins, decking and accessories, etc.

EMICOOL

Steering the environmental cause

Signed agreement with Emirates Electrical Engineering (EEE) to increase plant 1 solar capacity by 238%

Brightening the lives of refugees

Facilitated an engaging team-building exercise for staff to learn more about the child refugee crisis and provided handcrafted gifts to children as part of a CSR initiative

DUBAI INVESTMENTS PARK

Prioritizing Well-being

DIP supported Aster DM Healthcare in relation to world diabetics day 2022. The event was conducted in DIP under the supervision of the Guinness World Records (GWR), to break the record by screening 10,000 people in 24hrs in a single venue event.

Ensuring Safe Health of Women

Celebrated Breast Cancer Awareness month by appreciating ladies within the DIP community.

Al Taif Investment

Facilitating new avenues

Al Taif Investment confirmed the opening of Al Taif Business Center in Fujairah by Q1 2023.

Dubai Investments Real Estate

Celebrations for the residents

Celebrated National Day, Halloween & Christmas for Mirdif Hills residents

PID OAM

Spicing up life for the residents

Conducted movie nights for Green Community residents

Emirates Glass

Supporting aesthetic designs

Supplied glass for an upcoming exclusive residential community – Mag Eye in Dubai

Adding lustre to local projects

Supplied glass to ‘Imperial Avenue’ project in Dubai

Focusing on healthy living

Organized free medical check-ups and Influenza vaccination campaign for all staff in partnership with "One Call Doctor Home" Health Care Services

Doubling the sheen in luxury

Supplied glass to luxury property ONE100 Palm, a contemporary modern villa designed with award-winning architects

Jazzing up in KSA

Supplied glass for Haramain Metro Station project in Saudi Arabia

EMIRATES FLOAT GLASS

Displaying strength

Displayed innovative glass solutions at Glasstech 2022 event in Dusseldorf Germany

Showing care

Conducted employee health check-up sessions ensuring well being

Displaying prowess

Participated in ZAC exhibition in India

Listening to people

Conducted annual employee engagement survey ‘EFG Voice’ for employees to openly express views and opinions

Scoring a mark in india

Began the first Shipment under the Comprehensive Economic Partnership Agreement (CEPA) signed between UAE and India to boost the bilateral trade between the countries, enabling EFG Customers in India with economic benefits in duties

Ramping up the production

Celebrated the highest production capacity

Living the emiratization values

Conducted UAE National Recruitment Day supporting UAE’s Vision to build a competitive, knowledge-based economy

Insights into the latest

Chief Experience Officer, KEZAD Group, Mohamed Ghareeb Al Hosani visited to see the latest developments, and also looked into customer satisfaction

Ensuring employee well-being

Signed MOU with LLH Hospital to provide healthcare services to employees and all other stakeholders, as part of companywide ‘ Employees Wellbeing Program’

DI DIARIES

Conducted breast cancer awareness event to educate and inform employees on early detection and achieving a healthy lifestyle. Employees attended lectures by Dr. Rita Sakr from Kings College Hospital London and clinical dietitian, Dr. Nada Salhab, followed by creative team-building activities.

Organized annual blood donation camp for the employees and subsidiaries in collaboration with Dubai Health Authority (DHA)

Participated in the Dubai Fitness Challenge by conducting 30 minutes per day of fitness-centric activity for 30 days to motivate employees towards a healthy and active lifestyle

Partnered with Clemenceau Medical Centre Hospital to facilitate Breast Cancer & Prostate Screening sessions for Green Community residents

Mohammed Saeed Al Raqbani, Head of Sustainability Committee, Dubai Investments participated in a judging panel documenting UAE's history and achievements through photography and films

Dubai Investments showcased real estate projects Danah Bay and Mirdif Hills at the Cityscape 2022 exhibition in the UAE

Dubai Investments and Subsidiaries celebrated UAE Flag Day 2022

Played a supporting sponsor of the Clean UAE 2022 campaign by Emirates Environmental Group

Dubai Investments and subsidiaries organized UAE’s 51^st National Day celebrations for employees to express gratitude and appreciation.

Sponsored the 2022 Hawkamah Conference focused on Corporate Governance and ESG

KNOWLEDGE CORNER

A. REAL ESTATE

DUBAI ON TOP

Dubai leads the 25-city forecast for 2023 with price growth expected to reach 13.5%. as per Knight Frank’s Price prediction report. More and more foreign buyers and high-net-worth individuals are showing keen interest in the Dubai market

As per the report, Dubai’s relative affordability along with prime home prices of around $800 per square foot make the city one of the most affordable luxury residential markets in the world

OFFERS THE BEST LIFE ABROAD – AS PER EXPAT CITY RANKING 2022 LIST

THE BEST CITIES FOR EXPATS

Dubai comes first worldwide in the Expat Essentials Index and its Admin Topics Subcategory.

Expats report that it is easy to deal with the local authorities (66% vs. 40% globally), and 88% are happy with the availability of government services online (vs. 61% globally).

8^th

EASE OF SETTLING IN INDEX

68%

HAPPY WITH SOCIAL LIFE

81%

FEEL WELCOME IN DUBAI

6^th

QUALITY OF LIFE INDEX

95%

SATISFIED WITH INFRASTRUCTURE FOR CARS

5^th

CULTURE AND NIGHTLIFE RANK

3^rd

CULINARY VARIETY AND DINING OPTIONS

B. TECHNOLOGY

A DEMONSTRATION DESIGNED TO SHOW THE FUTURE OF TRAVEL

XPeng Aeroht showed off its two-seater electric VTOL (vertical take-off and landing) X2 flying car at Skydive Dubai in October 2022. The X2 is a two-seater electric vertical take-off and landing (eVTOL) aircraft that is lifted by eight propellers - two at each corner of the vehicle, equipped with an intelligent flight control system and autonomous flight capabilities, X2 is the latest generation of flying cars. "We selected Dubai city first because Dubai is the most innovative city in the world,” said Minguan Qiu, general manager of Xpeng Aeroht

C. UNFCCC COP 28 – THE GLOBAL CLIMATE SUMMIT IN UAE

2023 will be a historic year for the UAE. The country is going to host the 28th session of the Conference of Parties (COP 28) to the UNFCCC (United Nations Framework Convention on Climate Change). Though the dates have not been officially announced, some sources say the event will begin on November 30, 2023, and end on December 12, 2023.

According to Dr Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology and Special Envoy for Climate Change, COP28 coincided with the UAE national day, and will be a global event with participation from more than 80,000 delegates, including 140 heads of state and government, and more than 5,000 media professionals.

DI – INVESTALK Q4 2022