DII concludes projects worth Dh1.1b

dubai — Dubai Investments Industries (DII), a subsidiary of Dubai Investments and focused on investments in established as well as Greenfield projects, has concluded investments in various projects of total estimated value of Dh1.1 billion across diversified sectors as part of its strategic expansion plans in the last two years.

DII’s investments include Dh185 million in King’s College Hospital Healthcare [total project value Dh700 million], Dh110 million in Emirates Aluminium Rolling (Emiroll) in Kizad, Abu Dhabi [total project value Dh370 million] and Dh30 million in Modul University Dubai [total project value Dh32 million], targeting promising growth sectors such as healthcare, aluminium and education, identified as strategic in the UAE Vision 2021 and Dubai Industrial Strategy.

The strategic investments for DII, which currently has nine companies under its portfolio spanning construction and building materials, steel, healthcare, education and IT services, are part of its vision to foray into diversified business sectors to boost its overall market leadership.

Mohammed Saeed Al Raqbani, DII general manager, said Dubai Investments Industries, under the supervision and guidance of Dubai Investments, has multiple investment plans and strategic projects in the pipeline which will not only diversify its business portfolio but also increase the contribution of the non-oil industrial sector to the country’s GDP. “DII’s investments are focused on sustainable businesses which will lead to a quantum leap in the company’s bottom line and growth,” he said.

business@khaleejtimes.com