DUBAL Holding

DUBAL Holding is a sovereign wealth fund wholly owned by the Investment Corporation of Dubai, focusing on investments in the industrial, energy, and commodities sectors. Its primary asset is a 50% stake in Emirates Global Aluminium (EGA), a leading aluminum producer. The fund also holds interests in various companies, including Sinoway Carbon Company Ltd, OSE Industries LLC, BioD Technology FZCO, Enviroserve, and Thermalex, reflecting its commitment to sustainable and diversified investments.

The fund's investment strategy emphasizes supporting Dubai's economic diversification and sustainability objectives. By investing in key sectors such as aluminum production, energy, and recycling, DUBAL Holding aims to contribute to the UAE's economic growth and environmental sustainability. The fund's involvement in EGA underscores its significant role in the global aluminum industry, while its investments in companies like BioD Technology FZCO and Enviroserve highlight its dedication to green initiatives and the circular economy.

DUBAL Holding's track record includes strategic partnerships and acquisitions that align with Dubai's long-term development plans. For instance, in 2019, the fund signed a collaboration agreement with China North Industries Corporation (Norinco) to explore opportunities in the industrial, mining, and energy sectors, demonstrating its proactive approach to international partnerships. Additionally, in 2024, DUBAL Holding acquired an equity stake in BioD Technology FZCO, the UAE's largest biodiesel manufacturer, further solidifying its commitment to sustainable investments. These initiatives reflect the fund's philosophy of combining positive financial returns with positive environmental impact, supporting Dubai's vision for a diversified and sustainable economy.