Developer docs
API playgroundTry for free, no card

Search company profiles

Emirates Investment Authority

Full company profile

uuid0006hu4

Namestring
Emirates Investment Authority
Legal namestring
Emirates Investment Authority
Websiteurl
eia.gov.ae
Company typeenum
Private
Founded yearint
2007
Descriptiontext

EIA is the sole sovereign wealth fund of the Federal Government of the United Arab Emirates, established in 2007 through Federal Decree Law No. 4 of 2007 (amended by Federal Decree Law No. 13 of 2009) and headquartered at International Tower, ADNEC Capital Centre, Abu Dhabi. The authority is mandated to manage and strategically invest federal government funds across a diversified portfolio of asset classes, contribute to economic diversification beyond hydrocarbon revenues, and deliver long-term financial returns to the UAE. It serves a single principal — the UAE Federal Government — with no external shareholders, external capital raises, or commercial customers.

Operationally, EIA runs two core functions: Strategic Assets management and Investment Portfolio Management. The Strategic Assets group oversees federal holdings including a 60% controlling stake in Emirates Telecommunications Corporation (Etisalat/e&), Emirates Integrated Telecommunications Company (du), Emirates Post, Emirates Transport, and Al Masraf Bank. The Investment Portfolio Management group allocates capital across global equities, fixed income, and alternative investments spanning the Americas, Europe, Asia, and the Middle East, using a formal three-stage process (pre-screening and due diligence, Investment Committee review, Executive Committee decision). Talent development is supported by the Investment Leadership Program and Associate Program for UAE nationals. EIA does not sell technology products or commercial services; its 'product' is sovereign asset stewardship and investment management on behalf of the federation.

The revenue model is non-commercial: capital is allocated from the federal government, investment returns accrue to the sovereign, and governance is overseen by a board chaired by H.H. Sheikh Mansour bin Zayed Al Nahyan with directors including the UAE Minister of Investment, Minister of Industry and Advanced Technology, and Governor of the Central Bank. EIA's 2021 strategic plan targets a fourfold increase in investment volume over 15 years in alignment with the 'Principles of the 50,' indicating an explicit expansion mandate. As of source data, EIA does not publicly disclose AUM or returns figures, and headcount is reported in the 11–50 range.

Short descriptiontext

EIA is the sole federal sovereign wealth fund of the UAE, established in 2007. It invests federal capital across diversified global asset classes and manages controlling stakes in strategic national holdings such as Etisalat, du, Emirates Post, Emirates Transport, and Al Masraf Bank.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
11–50
akta.pro rankint
HeadquartersAbu Dhabi, United Arab Emirates
HQ citystring
Abu Dhabi
HQ countrystring
United Arab Emirates
HQ regionstring
Middle East
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
sovereign wealth fund, investment portfolio management, strategic asset management, alternative investments, global asset allocation
Industry2 codes
1Sovereign Wealth Funds (SWFs)
CodeFSAAAGADPrimaryYes
2Core Infrastructure Funds (Transport, Social, Digital, Utilities)
CodeFSANAEAAPrimaryNo
NAICS code4 codes
  • Portfolio Management and Investment Advice523940
  • Funds, Trusts, and Other Financial Vehicles525
  • All Other Financial Investment Activities52399
  • Other Investment Pools and Funds5259
SIC code3 codes
  • Investment Advice6282
  • Investors, Nec6799
  • Foreign Governments8888
Product category
Sovereign Wealth Management
Social media profiles1 record
Marketing channels3 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels1 record

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Personnel, Operations, Technology or R&D, Infrastructure, Others
GTM typeB2B
B2B
Offering typeServices
Services
Core offering1 text field

Emirates Investment Authority (EIA) is the sole sovereign wealth fund of the UAE Federal Government, established in 2007. It invests federal funds across a diversified global portfolio spanning equities, fixed income, real estate, and alternative assets, while also serving as custodian and steward of strategic federal assets including telecommunications, postal, transport, and banking entities. The authority operates through two core groups — Strategic Assets and Asset Management — and reports to the UAE Cabinet.

Differentiator
Functional benefit
Problem solved
Product overview1 text field

Emirates Investment Authority (EIA) is the sole Sovereign Wealth Fund of the UAE Federal Government, established in 2007. The organization operates two core functions: Strategic Assets Management and Investment Portfolio Management. Its strategic assets include telecommunications companies Etisalat (e&) and Du, as well as Emirates Post, Emirates Transport, and Al Masraf Bank. The investment portfolio spans global equities, bonds, and alternative investments managed through world-class fund managers. EIA also operates talent development programs including the Investment Leadership Program and Associate Program to develop UAE national talent in investment disciplines. The institution does not offer a technology product but serves as a sovereign investment authority managing federal wealth across 8+ strategic assets, 10+ asset classes, and 5+ regions.

Product and service2 records
1Strategic Assets Management
CategoryAsset Management
2Investment Portfolio Management
CategoryInvestment Management
Scale indicator5 records

Each record includes

Type, Value, Description, Source

Partnership5 partners
Strategic tierCoreTypeOthersAnnounced on2014-01-01
Description

EIA was entrusted with custody of Emirates Post in 2014 as part of the expansion of its strategic federal assets portfolio.

Strategic tierCoreTypeOthersAnnounced on2014-01-01
Description

EIA was entrusted with custody of Emirates Transport in 2014 as part of its strategic assets portfolio, managing transportation and logistics investments.

Strategic tierMinorTypeOthersAnnounced on2014-01-01
Description

EIA gained strategic assets in Al Masraf Bank in 2014 as part of its mandate to manage federal government financial institution investments.

Strategic tierCoreTypeOthersAnnounced on2007-01-01
Description

EIA serves as custodian and investor in Emirates Integrated Telecommunications Company (du), one of the UAE's two main telecommunications operators. EIA has held strategic assets in du since 2011 as part of its mandate to manage federal government investments in key economic sectors.

Strategic tierCoreTypeOthersAnnounced on2007-01-01
Description

EIA holds a controlling 60% stake in Etisalat (now known as e&), the UAE's largest telecommunications company. Etisalat is one of the most progressive and robust telecommunications companies in the Middle East and North Africa region. EIA has served as custodian of Etisalat since 2011.

Recent move5 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight4 records

Each record includes

Type, Description

Peers10 records
1ADQ
TypeDirect peer
Description

Abu Dhabi Developmental Holding Company, wholly owned by the Abu Dhabi government, holding strategic assets across multiple sectors. Comparable to EIA as a UAE government-owned holding vehicle with strategic-asset mandates; EIA board member Mohamed Al Suwaidi serves as ADQ Group CEO.

TypeDirect peer
Description

Sovereign wealth fund of the State of Qatar, investing globally across asset classes with significant strategic holdings. QIA is a peer Gulf SWF with a comparable dual mandate of strategic-asset stewardship and global portfolio diversification.

TypeBroad incumbent
Description

Singapore state-owned investment company with strategic holdings across sectors (telecom, transport, financial services, infrastructure). Comparable to EIA's strategic-asset stewardship model, including holdings in telecom (Singtel), transport, and financial institutions.

TypeDirect peer
Description

One of the world's largest sovereign wealth funds, also based in the UAE and managing a globally diversified portfolio. ADIA is the most direct structural peer to EIA — same country, same investor (government of UAE), same asset-class mix, and overlapping board representation.

TypeDirect peer
Description

Abu Dhabi government-owned investment vehicle managing a diversified portfolio across asset classes and geographies. Comparable to EIA as a UAE SWF with strategic asset holdings, and several EIA board members (e.g., Dr. Sultan Al Jaber, Mohamed Al Suwaidi) previously held senior roles at Mubadala.

TypeDirect peer
Description

Sovereign investment arm of the Government of Dubai, managing a portfolio of strategic assets across sectors. ICD is a UAE-internal SWF peer to EIA, sharing the same operating geography and mandate of holding/controlling government strategic assets.

TypeDirect peer
Description

One of the oldest sovereign wealth funds, managing Kuwait's General Reserve Fund and Future Generations Fund across global asset classes. KIA is comparable to EIA as a GCC national SWF with both strategic and financial investment mandates.

TypeBroad incumbent
Description

Norway's sovereign wealth fund, the world's largest, managed by Norges Bank Investment Management with a globally diversified, equity-heavy portfolio. Comparable to EIA on global investment-scale discipline and long-horizon framework, though more transparent and purely financial-return-mandated.

TypeBroad incumbent
Description

Singapore's sovereign wealth fund managing the country's foreign reserves with a globally diversified, long-horizon investment approach. Comparable to EIA on global asset-class diversification and long-duration capital, though GIC operates as the city-state's principal reserve manager.

10Saudi Public Investment Fund (PIF)
TypeDirect peer
Description

Sovereign wealth fund of Saudi Arabia, managing domestic strategic assets and a global investment portfolio to support national economic diversification. Comparable as a Gulf SWF pursuing both domestic strategic-asset stewardship and international diversification — a very similar mandate profile to EIA.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat4 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment1 record

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles10 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

Subsidiaries5 records

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Emirates Investment Authority

Sovereign Wealth Managementeia.gov.ae

EIA is the sole federal sovereign wealth fund of the UAE, established in 2007. It invests federal capital across diversified global asset classes and manages controlling stakes in strategic national holdings such as Etisalat, du, Emirates Post, Emirates Transport, and Al Masraf Bank.

What Emirates Investment Authority does

EIA is the sole sovereign wealth fund of the Federal Government of the United Arab Emirates, established in 2007 through Federal Decree Law No. 4 of 2007 (amended by Federal Decree Law No. 13 of 2009) and headquartered at International Tower, ADNEC Capital Centre, Abu Dhabi. The authority is mandated to manage and strategically invest federal government funds across a diversified portfolio of asset classes, contribute to economic diversification beyond hydrocarbon revenues, and deliver long-term financial returns to the UAE. It serves a single principal — the UAE Federal Government — with no external shareholders, external capital raises, or commercial customers.

Operationally, EIA runs two core functions: Strategic Assets management and Investment Portfolio Management. The Strategic Assets group oversees federal holdings including a 60% controlling stake in Emirates Telecommunications Corporation (Etisalat/e&), Emirates Integrated Telecommunications Company (du), Emirates Post, Emirates Transport, and Al Masraf Bank. The Investment Portfolio Management group allocates capital across global equities, fixed income, and alternative investments spanning the Americas, Europe, Asia, and the Middle East, using a formal three-stage process (pre-screening and due diligence, Investment Committee review, Executive Committee decision). Talent development is supported by the Investment Leadership Program and Associate Program for UAE nationals. EIA does not sell technology products or commercial services; its 'product' is sovereign asset stewardship and investment management on behalf of the federation.

The revenue model is non-commercial: capital is allocated from the federal government, investment returns accrue to the sovereign, and governance is overseen by a board chaired by H.H. Sheikh Mansour bin Zayed Al Nahyan with directors including the UAE Minister of Investment, Minister of Industry and Advanced Technology, and Governor of the Central Bank. EIA's 2021 strategic plan targets a fourfold increase in investment volume over 15 years in alignment with the 'Principles of the 50,' indicating an explicit expansion mandate. As of source data, EIA does not publicly disclose AUM or returns figures, and headcount is reported in the 11–50 range.

Emirates Investment Authority firmographics

Firmographics
Name
Emirates Investment Authority
Legal name
Emirates Investment Authority
Website
https://eia.gov.ae
Company type
Private
Founded year
2007
Operating status
Operating
Headcount range
11–50 employees
Short description
EIA is the sole federal sovereign wealth fund of the UAE, established in 2007. It invests federal capital across diversified global asset classes and manages controlling stakes in strategic national holdings such as Etisalat, du, Emirates Post, Emirates Transport, and Al Masraf Bank.
Ownership category
akta.pro rank

Emirates Investment Authority industry classification

Industry
Product category
Sovereign Wealth Management
NAICS
Portfolio Management and Investment Advice (523940), Funds, Trusts, and Other Financial Vehicles (525), All Other Financial Investment Activities (52399), Other Investment Pools and Funds (5259)
SIC
Investment Advice (6282), Investors, Nec (6799), Foreign Governments (8888)
akta.pro primary industry
Sovereign Wealth Funds (SWFs) (FSAAAGAD)
akta.pro secondary industry
Core Infrastructure Funds (Transport, Social, Digital, Utilities) (FSANAEAA)

Keywords

  • Sovereign wealth fund
  • Investment portfolio management
  • Strategic asset management
  • Alternative investments
  • Global asset allocation

Where Emirates Investment Authority is headquartered

Location

Headquarters

HQ city
Abu Dhabi
HQ country
United Arab Emirates
HQ region
Middle East

Offices1 record

Markets served

Emirates Investment Authority business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Personnel, Operations, Technology or R&D, Infrastructure, Others

Distribution channels1 record

Marketing channels3 records

Emirates Investment Authority product offering

Product offering

Core offering

Emirates Investment Authority (EIA) is the sole sovereign wealth fund of the UAE Federal Government, established in 2007. It invests federal funds across a diversified global portfolio spanning equities, fixed income, real estate, and alternative assets, while also serving as custodian and steward of strategic federal assets including telecommunications, postal, transport, and banking entities. The authority operates through two core groups — Strategic Assets and Asset Management — and reports to the UAE Cabinet.

Product overview

Emirates Investment Authority (EIA) is the sole Sovereign Wealth Fund of the UAE Federal Government, established in 2007. The organization operates two core functions: Strategic Assets Management and Investment Portfolio Management. Its strategic assets include telecommunications companies Etisalat (e&) and Du, as well as Emirates Post, Emirates Transport, and Al Masraf Bank. The investment portfolio spans global equities, bonds, and alternative investments managed through world-class fund managers. EIA also operates talent development programs including the Investment Leadership Program and Associate Program to develop UAE national talent in investment disciplines. The institution does not offer a technology product but serves as a sovereign investment authority managing federal wealth across 8+ strategic assets, 10+ asset classes, and 5+ regions.

Differentiator

Problem solved

Functional benefit

Products and services

  • Strategic Assets Management
  • Investment Portfolio Management

Companies that use Emirates Investment Authority

Customer profile

Segments1 record

Ideal customer profiles1 record

Emirates Investment Authority technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Emirates Investment Authority partnerships and signals

Strategic signal

Partnerships

Five partnerships are on record, tiered core and minor.

  • Emirates PostcoreOthers · 1 January 2014EIA was entrusted with custody of Emirates Post in 2014 as part of the expansion of its strategic federal assets portfolio.
  • Emirates TransportcoreOthers · 1 January 2014EIA was entrusted with custody of Emirates Transport in 2014 as part of its strategic assets portfolio, managing transportation and logistics investments.
  • Al Masraf BankminorOthers · 1 January 2014EIA gained strategic assets in Al Masraf Bank in 2014 as part of its mandate to manage federal government financial institution investments.
  • Emirates Integrated Telecommunications Company (du)coreOthers · 1 January 2007EIA serves as custodian and investor in Emirates Integrated Telecommunications Company (du), one of the UAE's two main telecommunications operators. EIA has held strategic assets in du since 2011 as part of its mandate to manage federal government investments in key economic sectors.
  • Emirates Telecommunications Corporation (Etisalat/e&)coreOthers · 1 January 2007EIA holds a controlling 60% stake in Etisalat (now known as e&), the UAE's largest telecommunications company. Etisalat is one of the most progressive and robust telecommunications companies in the Middle East and North Africa region. EIA has served as custodian of Etisalat since 2011.

Scale indicators5 records

Recent moves5 records

Expansion highlights4 records

Emirates Investment Authority competitors and assessment

Company assessment

Direct peers

  • ADQ: Abu Dhabi Developmental Holding Company, wholly owned by the Abu Dhabi government, holding strategic assets across multiple sectors. Comparable to EIA as a UAE government-owned holding vehicle with strategic-asset mandates; EIA board member Mohamed Al Suwaidi serves as ADQ Group CEO.
  • Qatar Investment Authority (QIA): Sovereign wealth fund of the State of Qatar, investing globally across asset classes with significant strategic holdings. QIA is a peer Gulf SWF with a comparable dual mandate of strategic-asset stewardship and global portfolio diversification.
  • Abu Dhabi Investment Authority (ADIA): One of the world's largest sovereign wealth funds, also based in the UAE and managing a globally diversified portfolio. ADIA is the most direct structural peer to EIA — same country, same investor (government of UAE), same asset-class mix, and overlapping board representation.
  • Mubadala Investment Company: Abu Dhabi government-owned investment vehicle managing a diversified portfolio across asset classes and geographies. Comparable to EIA as a UAE SWF with strategic asset holdings, and several EIA board members (e.g., Dr. Sultan Al Jaber, Mohamed Al Suwaidi) previously held senior roles at Mubadala.
  • Investment Corporation of Dubai (ICD): Sovereign investment arm of the Government of Dubai, managing a portfolio of strategic assets across sectors. ICD is a UAE-internal SWF peer to EIA, sharing the same operating geography and mandate of holding/controlling government strategic assets.
  • Kuwait Investment Authority (KIA): One of the oldest sovereign wealth funds, managing Kuwait's General Reserve Fund and Future Generations Fund across global asset classes. KIA is comparable to EIA as a GCC national SWF with both strategic and financial investment mandates.
  • Saudi Public Investment Fund (PIF): Sovereign wealth fund of Saudi Arabia, managing domestic strategic assets and a global investment portfolio to support national economic diversification. Comparable as a Gulf SWF pursuing both domestic strategic-asset stewardship and international diversification — a very similar mandate profile to EIA.

Broad incumbents

  • Temasek Holdings: Singapore state-owned investment company with strategic holdings across sectors (telecom, transport, financial services, infrastructure). Comparable to EIA's strategic-asset stewardship model, including holdings in telecom (Singtel), transport, and financial institutions.
  • Government Pension Fund Global (Norway): Norway's sovereign wealth fund, the world's largest, managed by Norges Bank Investment Management with a globally diversified, equity-heavy portfolio. Comparable to EIA on global investment-scale discipline and long-horizon framework, though more transparent and purely financial-return-mandated.
  • GIC (Singapore): Singapore's sovereign wealth fund managing the country's foreign reserves with a globally diversified, long-horizon investment approach. Comparable to EIA on global asset-class diversification and long-duration capital, though GIC operates as the city-state's principal reserve manager.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Emirates Investment Authority social profiles

Digital presence

Emirates Investment Authority financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Emirates Investment Authority leadership team

Management profile

Number of profiles

Profiles10 records

Emirates Investment Authority subsidiaries and ownership

Company hierarchy

Subsidiaries5 records

Emirates Investment Authority funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Emirates Investment Authority M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Emirates Investment Authority

What does Emirates Investment Authority do?

Emirates Investment Authority (EIA) is the sole sovereign wealth fund of the UAE Federal Government, established in 2007. It invests federal funds across a diversified global portfolio spanning equities, fixed income, real estate, and alternative assets, while also serving as custodian and steward of strategic federal assets including telecommunications, postal, transport, and banking entities. The authority operates through two core groups — Strategic Assets and Asset Management — and reports to the UAE Cabinet.

Is Emirates Investment Authority a public or private company?

Emirates Investment Authority is a private company. It is classified as state government owned and is currently operating.

When was Emirates Investment Authority founded?

Emirates Investment Authority was founded in 2007. It employs 11 to 50 people.

Where is Emirates Investment Authority based?

Emirates Investment Authority is headquartered in Abu Dhabi, United Arab Emirates, in the Middle East region.

Who are Emirates Investment Authority's main competitors?

Direct peers on record are ADQ, Qatar Investment Authority (QIA), Abu Dhabi Investment Authority (ADIA), Mubadala Investment Company, Investment Corporation of Dubai (ICD), Kuwait Investment Authority (KIA) and Saudi Public Investment Fund (PIF). Broad incumbents are Temasek Holdings, Government Pension Fund Global (Norway) and GIC (Singapore).

Does Emirates Investment Authority have an API?

No public API is recorded for Emirates Investment Authority.

What industry is Emirates Investment Authority in?

Emirates Investment Authority's product category is Sovereign Wealth Management. Its primary akta.pro industry code is FSAAAGAD, Sovereign Wealth Funds (SWFs), with a secondary code of FSANAEAA, Core Infrastructure Funds (Transport, Social, Digital, Utilities). Its NAICS code is 523940 and its SIC code is 6282.

Unlock the full company data

50 free credits on sign-up, no credit card required.

Contact sales
Live signals
Gulf TodaySheikh Mansour chairs Emirates Investment Authority Board of Directors meetingSheikh Mansour Bin Zayed Al Nahyan chaired a meeting of the Emirates Investment Authority's Board of Directors, attended by ministers and executives. The board reviewed the authority's activities, performance, and key achievements, and commended its positive returns in line with its vision to strengthen its position as a leading investment institution.Matrix BCGWho Owns Etisalat Company?e& (formerly Etisalat), the UAE-based telecom group, has evolved from full state ownership in 1976 to a structure where the Emirates Investment Authority holds a controlling 60% stake with 40% free-floating on the Abu Dhabi Securities Exchange. The company opened to foreign investors in 2015 with a 20% initial cap, later raised to 49% in 2021, and completed a 2.15 billion EUR acquisition of PPF Telecom Group assets across Bulgaria, Hungary, Serbia, and Slovakia in 2024. The article indicates potential spin-offs or IPOs of subsidiary units (e& enterprise, e& life) may occur by 2026, which would introduce minority external shareholders while preserving majority control.Khaleej TimesUAE telecom firm du announces sale of 342 million sharesEmirates Integrated Telecommunications Company (du), the UAE's second-largest telecom operator, announced the sale of over 342 million shares representing 7.5467% of total shares by Mamoura Diversified Global Holding, priced between Dh9 and Dh9.90 per share to raise between Dh3.078 billion and Dh3.386 billion. If fully subscribed, Mamoura's stake will shrink from 10.0622% to 2.5156%, while the company separately announced a 5% share sale offer to Emirates Investment Authority. Du reported Dh921 million profit for H1 2025, up 15% year-on-year, with the subscription period running from September 8 to September 12 split between retail and institutional tranches.CapacityCountry profile: UAETowerXchange published a Q3 2024 market guide covering the UAE telecom tower sector, identifying Etisalat and du as the two main operators in an unusual market structure where Emirates Investment Authority holds stakes in both. The guide notes approximately 13,000 towers exist in the UAE, with Etisalat owning 8,000 of them, and that both operators are pursuing combined targets of nearly 1,000 new 5G sites.GulfNewsDubai's DEWA IPO share sale begins: Here's all that happened on March 24Dubai Electricity and Water Authority (DEWA) launched its IPO on March 24, 2022, offering 3.25 billion shares representing a 6.5% stake at Dh2.25-Dh2.48 per share, with an expected size of Dh7.31-Dh8.06 billion and total market capitalization of Dh112.5-Dh124 billion. The subscription period runs from March 24 to April 2 for retail investors, with trading scheduled to commence on April 12 and final offer price announced on April 6. Major cornerstone investors including ADQ, Alpha Dhabi Partners, Emirates Investment Authority, and UAE Strategic Investment Fund have committed Dh4.7 billion, with DEWA planning a first dividend of Dh3.1 billion by October.EimaauthorityEIA launches strategy aimed at achieving UAE’s development goalsThe Emirate Investment Management Authority (EIMA) launched a new strategy under the patronage of Sheikh Mansour bin Zayed Al Nahyan, aimed at achieving the UAE's development goals in line with the "Principles of the 50" and marking the country's Golden Jubilee. The authority, which was established in 2007 as a federal investment establishment, seeks to increase future investment levels to drive the country's development forward.EiaEIA launches strategy aimed at achieving UAE’s development goalsThe Emirates Investment Authority (EIA) announced the launch of a new strategy under the patronage of Sheikh Mansour bin Zayed Al Nahyan, aimed at achieving the UAE's development goals in line with the "Principles of the 50." The authority, which has managed federal government-allocated assets since its establishment in 2007, stated that the new strategy aims to increase future levels of investment to drive the country's development. The announcement was made as the UAE celebrates its Golden Jubilee, reaffirming its commitment to the foundations established by the Founding Fathers.