This week, the Dubai Investment Fund (DIF), one of the world’s largest independent investment funds and asset managers, announced its expansion into three new countries. The countries will be New Zealand, the Czech Republic, and Cyprus.
Currently, the company has its headquarters in Dubai and 17 more locations across the world, with a total of approximately 2,600 employees. The offices in Dubai, New York, London, Tokyo, Frankfurt, Hong Kong and Shanghai are the largest.
The new offices will bring together more than 170 specialists from several fields. The first of these offices, located in Prague (Czech Republic), will open in August, followed by locations in Wellington (New Zealand) and Nicosia (Cyprus) by mid-September. Employees will have the option of working from the office, remotely, or in a hybrid capacity. In addition to opening new offices in the first quarter of 2023, the number of staff at DIF will continue to increase. The first should open in Brussels, Belgium, in February.
Amir Shams, chief executive officer and managing director of Dubai Investing Fund, stated that the additional offices are being opened to increase the company’s investment activities. New real estate, tourism, banking, and artificial intelligence initiatives will be developed in the Czech Republic and Cyprus offices. The New Zealand office will focus on new projects in the fields of ESG, healthcare, and green energy, as these are the fastest growing sectors in the region.
In New Zealand, Dubai Investment Fund intends to invest in the construction of new solar power plants and in novel biomedical initiatives that investigate numerous compelling approaches to integrating artificial intelligence in contemporary healthcare advancements.
The corporation is confident that such an expansion will yield positive financial returns. In addition, the fund has substantial experience with investments in artificial intelligence and ESG. According to Amir Shams, the newly hired staff are true experts in their fields and have met stringent selection criteria; therefore, they will utilize their abilities to achieve shared objectives. According to the company’s financial and analytic department’s estimations, this development should result in a 7 percent rise in the company’s profit in 2023.
DIF is present in 17 nations and has offices in Dubai, London, Sydney, Mumbai, Tokyo, New York, Frankfurt, Zurich, Quebec, Hong Kong, Jakarta, Seoul, Milan, Singapore, Luxembourg, Shanghai and Barcelona. The company has recently expanded its global reach by adding three new countries to its portfolio, bringing its total number of countries served to twenty.
The fund manages about $320 billion in assets and has over 7,300 clients in 61 countries. DIF is one of the United Arab Emirates’ leading investment and asset management businesses. The company was created in 2001 to give market-leading returns to clients and investors. To achieve this goal, the organization has hired 920 qualified finance specialists. These experts have an average of 17 years of experience in their respective disciplines.
Despite the turmoil caused by the epidemic and the years that followed, DIF was able to create significant profits for its clients and partners. The company’s operating income increased by 14.3 billion AED in 2021, marking a 27 percent rise over the previous year’s total. This growth can be attributed to effective leadership decisions, increased commodity prices, and non-oil sector returns.
