GGICO was established in 1973 as a public shareholding company under the name Arab Economists Corporation (P.S.C) to act in establishment of industrial projects and development of residential real estate, in both sales and rental of property. The name of the company was changed in 1992 to Gulf General Investment Company (P.S.C) and in 2001 its headquarters were relocated to Dubai. GGICO’s principal founders were Mr. Abdalla Juma Al Sari and Dr. Moawiyah S. Al Shunnar.