ICD: brands it owns and its ownership tree
ICD is a state-owned company headquartered in the United Arab Emirates that owns 2 consumer brands through 1 subsidiary.[1]
Investment Corporation of Dubai (ICD) describes itself in its 2025 annual report as the principal investment arm of the Government of Dubai, established on 3 May 2006 under Law No. 11 of 2006, with a mandate to consolidate and manage the Government's portfolio of commercial companies and investments. The report names Emirates, dnata, flydubai and Dubai Aerospace Enterprise as its aviation portfolio companies. Note 1 of the Emirates Group annual report 2024-25 says Emirates is wholly owned by ICD, which it calls a Government of Dubai entity.
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Company facts
- Legal name
- Investment Corporation of Dubai (also ICD)
- Type
- state-owned company · see all state-owned company owners
- Headquarters
- 🇦🇪 United Arab Emirates
- Website
- icd.gov.ae
- Last verified
- · 2 sources
ICD in numbers
- ICD owns 2 consumer brands tracked here across 1 top-level categories; the largest is travel & transport with 2 brands.[1]
- Brands are held through 1 recorded subsidiaries.
Everything ICD owns
Controlling ownership as of . Brands grouped under the entity that owns them; large groups are collapsed.
Full-screen interactive tree →
Brand portfolio by category
Subsidiaries and holding entities
Recent changes to this record
Frequently asked questions
What brands does ICD own?
ICD owns 2 consumer brands tracked here, including Emirates and dnata.
Is ICD an Emirati company?
Yes. ICD is headquartered in the United Arab Emirates.
Sources (2) & corrections
Last verified . Every ownership fact above is backed by one of these primary documents. Numbers in brackets in the text refer to this list.
- [1] Investment Corporation of Dubai Annual Report 2025 — Investment Corporation of Dubai, Annual report; retrieved 8 November 2026.
- [2] The Emirates Group Annual Report 2024-25 — The Emirates Group, Annual report; retrieved 4 October 2026.
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