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Dubai World, a holding company of the Dubai government, was formally launched on 2 July. The new group will comprise about 20 companies and include DP World, P&O, Jebel Ali Free Zone Authority (Jafza), Nakheel, Dubai Drydocks, Dubai Multi Commodities Centre (DMCC), Istithmar, Inchcape Shipping Services, One & Only, Tejari, Tamweel, Kerzner, Dubai Maritime City, Island Global Yachting, Limitless, Atlantis and Technopark. Through its subsidiaries, the holding company has substantial overseas assets, offices in 75 countries and more than 45,000 employees.