Dubai-Mubasher: Dubai Holding, one of the emirate’s three big state-owned conglomerates, plans to increase its profits to reach AED 10 billion during the coming five years, Chairman Mohammad Abdulla Al Gergawi said Saturday.
The group is working on diversifying its businesses to adapt with global economic variables and to achieve the targeted profits, Al Gergawi added.
Dubai Holding will add a new business vertical named Family Entertainment and New Media which will manage projects valued at AED 10 billion during the next five years, according to a statement.
The new vertical will oversee projects like Global Village, Arab Media Group, as well as implementing a strategic plan to develop new family destinations and build new international production business communities specialised in new media.
Mohamed Almulla was appointed CEO of the new Family Entertainment and New Media unit.
