Dubai Investments sees annual profit at Dh1.4b in 2014

Dubai: Dubai Investments expects its annual profits to be at Dh1.4 billion this year, its chief executive Khalid Bin Kalban said.

The company reported a profit of more than Dh807 million last year. The company had earlier indicated a positive outlook for 2014 driven by a significant growth in UAE’s tourism, hospitality and real estate sectors.

Total assets of the group stood at Dh12.6 billion till December 2013.