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Dubai Holding net up 24% to AED2.6b

|By TAP Staff| Dubai Holding Commercial Operations Group (DHCOG) announced a net profit of AED 2.6 billion for the first half of this year ending 30th June 2015, an increase of 24 percent. Full year profits are expected to exceed AED 5.5 billion, the company said.

Ahmad Bin Byat, Vice Chairman and Managing Director of Dubai Holding, said Dubai Holding will continue to reinforce its successful strategy of investing in innovation, knowledge, technology, content and business clusters to support Dubai’s efforts in setting up advanced infrastructure, which in turn will attract top global talent.

Fadel Al Ali, Chief Executive Officer, said the strong business performance boosted by a range of new projects is expected to further support the company’s long-term growth.