Dubai Government Investments turns profitable by 5.5 billion dirhams in 2021

The Government Investment Corporation of Dubai recorded annual profits for shareholders of 5.5 billion dirhams during the year 2021, compared to losses of 15.5 billion dirhams in 2020.

The Corporation attributed its recording of these profits to an increase in annual revenues by 24%, to reach 170 billion dirhams, in addition to a decrease in provisions in Banking, real estate and hospitality sectors.

The Corporation stated that other financing costs decreased by 13% to reach 7 billion dirhams, compared to 8 billion dirhams in 2020.

The Corporation’s assets decreased by 1% compared to the end of the year 2020, to reach 1101.1 billion dirhams.

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