Dubai is one of the fastest-growing cities in the world and is home to several multinational companies. Many of these companies have made a significant impact on the global economy.
However, when it comes to identifying the biggest company in Dubai, there are a few strong contenders. In this article, we will take a closer look at some of these companies and determine which one reigns supreme.
Emirates Group
One of the most notable companies in Dubai is the Emirates Group. This company was founded in 1985 and operates in several sectors, including aviation, hospitality, and travel services.
The Emirates Group is known for its flagship airline, Emirates Airlines, which is one of the largest airlines in the world. In addition to this, it also owns dnata – a travel management company that operates across six continents.
The Emirates Group has been instrumental in driving economic growth in Dubai and has played a significant role in transforming it into a global hub for trade and commerce. As of 2021, the Emirates Group employs over 105,000 people worldwide and generates revenue of around $27 billion annually.
Dubai World
Dubai World is another major player in Dubai’s business landscape. It was established in 2006 as an investment vehicle for the government of Dubai and holds stakes in several large companies across various sectors such as real estate development, transportation, hospitality, and financial services.
One of Dubai World’s most notable subsidiaries is DP World – one of the world’s largest port operators with operations across six continents. Other notable subsidiaries include Nakheel – a real estate developer responsible for developing some of Dubai’s most iconic landmarks such as Palm Jumeirah.
As of 2021, Dubai World employs over 54,000 people globally and generates revenue upwards of $21 billion annually.
Conclusion
While both Emirates Group and Dubai World are massive companies, it is clear that Emirates Group is currently the biggest company in Dubai. With a significantly higher annual revenue and employee count, it has managed to establish itself as a key player in the global business landscape.
Regardless of which company takes the top spot, there is no denying that Dubai’s business environment is thriving. With a favorable tax regime, world-class infrastructure, and a strategic location between Asia and Europe, Dubai continues to attract businesses from around the world and solidify its position as a global hub for trade and commerce.
So, whether you are an investor looking for new opportunities or an individual looking to work for one of these giants, there has never been a better time to be part of Dubai’s business ecosystem.
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