9 Major

Dubai is the premier retail destination in the MENA region, and the first experience that visitors have of this critical sector falls under ICD’s retail portfolio: Dubai Duty Free, one of the biggest travel retail operators in the world with a record turnover of over US$ 2 Billion in 2019. DDF complements Emirates’ strategy to make Dubai a leading transit destination for global travel routes.

ICD’s retail activities also include aswaaq, a chain of supermarkets and community malls located at the heart of residential communities in Dubai.

Other ICD holdings comprise a diverse mix of companies that operate across industry sectors, including in technology, innovation and integrated facilities and management solutions services, some of which have established themselves as regional leaders in their respective markets.

Holdings in Retail & Others