Dubai Investment Fund Expands Presence, Activities To New countries

We recently learned that the Dubai Investment Fund (DIF), has expanded its operations to New Zealand, the Czech Republic and Cyprus. The company will expand its presence in these countries by opening offices to reach more companies and gain wider access to the marketplace.

The first of these offices opened in Prague, Czech Republic, in August, followed by offices in Wellington, New Zealand, and Nicosia, Cyprus, in mid-September. Employees may choose to work from home, in the office or in a hybrid mode that combines remote work and office commuting.

The company will also participate in the new ‘Ignitica Minerals’ project, which will develop deposits and mine niobium in Nigeria and Brazil.

According to our observations of DIF’s development in the recent years, and as has happened repeatedly in some regions, operations in the Czech Republic and Cyprus will focus primarily on real estate, tourism, finance and artificial intelligence. The New Zealand office will focus on new projects in environmental, health, green energy and healthcare.

In addition to its traditional operations, the company is also planning investments in innovative solar and biomedical projects in New Zealand. These innovative biomedical projects will explore ways to combine AI with modern medical advances. This effort is the result of years of interdisciplinary research in collaboration with leaders in the field of Artificial Intelligence. The company also has offices in Dubai, London, Sydney, Mumbai, Tokyo, New York, Frankfurt, Zurich, Quebec, Hong Kong, Jakarta, Seoul, Milan, Singapore, Luxembourg, Shanghai and Barcelona. With three new offices, the total number of countries served by the company has grown to twenty.

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The company’s head office is invariably located in Dubai with 2,600 employees. In addition to Dubai, DIF’s most strategic offices are in New York, London, Tokyo, Frankfurt, Hong Kong and Shanghai.

The Dubai Investment Fund manages approximately $320 billion in assets for its 7,300 customers in 61 countries. Since its foundation in 2001, DIF has employed 920 staff in financial roles. A complete record of the investment fund’s history is available on its website. .

Last year, its operating income grew by AED14.3 billion ($3.8 billion) in 2021, up 27% from the previous year. The corporation’s total revenue was 180.7 billion dirhams ($49.2 billion), an increase of 4.25 percent over the previous year. The company’s year-end total assets were AED 1,184.6 billion ($322.2 billion) and total equity was AED 878.1 billion ($231.1 billion).

The rapid expansion of the Dubai Investment Fund makes it clear that the fund is constantly seeking new investment opportunities to diversify the risks in its portfolio. Given this expansion, as well as the creation of multiple departments dedicated to innovation and ESG investment, it is safe to assume that the Dubai Investment Fund (DIF) is also targeting its assets to capitalize on the potential of future technologies.