Dubai - The Dubai government will invest 2 billion dollars in the largely state-owned conglomerate Dubai Holding, according to a Financial Times report Tuesday. 'We're working with our partners, we're working with the banks and the creditors and coming up with a plan and it's still a work in progress,' the director of the supervisory Ruler's Court, Mohammed al-Shaibani, was quoted as saying, in reference to the restructuring of Dubai Holding. He said the government already put 2 billion dollars into Dubai Holding and is willing to put more capital into the conglomerate, which is billions of dollars in debt. Dubai Holding is a state-linked holding company that manages and controls some 20 companies that deal in real estate, finance, healthcare, energy, entertainment, tourism and a host of other industries. The company is one of three mainly state-owned enterprises facing huge debt burdens. The others are Dubai World and Investment Corporation of Dubai. The Ruler's Court, which supervises and coordinates Dubai's governmental departments, was also key in Dubai World's 25 billion dollar debt restructuring.

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