8 months ago

NAFL Directory 14-02-2018 LR

| Profile

| Profile NAFL-Yearbook 2018 H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum Crown Prince of Dubai and Chairman of the Dubai Executive Council The Vice President, Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, appointed his second son, H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, as Chairman of the Dubai Executive Council— a government body responsible for establishing and executing Dubai's s t r a t e g i c c o m p r e h e n s i v e development plans—on Sept 8, 2006. Under Sheikh Hamdan's leadership, the Executive Council has achieved numerous major accomplishments that boosted the development of Dubai and emphasized its position as an international hub for business, commerce, tourism and logistics. Since becoming the Crown Prince of Dubai in 2008, Sheikh Hamdan has been playing a vital role in implementing the vision of Sheikh M o h a m m e d e v e n t a k i n g responsibility for the most critical files in the emirate. Over the years, Sheikh Hamdan has continuously worked close to his father, Sheikh Mohammed, and learned from him the qualities of visionary leadership and strategic perspective in addition to adopting the personality traits that have established Sheikh Mohammed as a unique world statesman with unmatched accomplishments. After his graduation from the worldrenowned Royal Military Academy at Sandhurst in the UK in 2001, and after attending several specialized training courses in economy from London School of Economics and Dubai School of Government, Sheikh Hamdan built on his theoretical education by acquiring the practical skills of leadership and public administration from his father. Sheikh Hamdan has witnessed his father, from the time when the latter was the Crown Prince of Dubai to date, implementing his ambitious developmental vision. He has always been keen to attend his father's court (majlis) and learn from it. Sheikh Hamdan continues to introduce innovative projects and steadily getting engaged in sensitive decision-making process and major responsibilities. | 333

| NAFL-Yearbook 2018 Profile Sultan Ahmed Bin Sulayem Group Chairman & CEO, Jebel Ali Free Zone Group Chairman and CEO, DP World Chairman of Ports, Customs and Free Zone Corporation Sultan Ahmed Bin Sulayem, scion to one of Dubai's most influential political and business families, is credited for coming up with the idea to create the Jebel Ali Free Zone (JAFZA), now the world's largest free zone and one of few in the Middle East capable of berthing multiple era megaships with carrying capacity of 18,000 TEU and more. According to historical accounts, Bin Sulayem, an economics graduate f r o m Te m p l e U n i v e r s i t y i n Pennsylvania in the United States, got the free trading zone idea while working in the 1970s as a customs inspector at Dubai's then dusty and sleepy port. A conversation with a man who mistakenly came to his office brought up the subject and inspired him to travel around the world and study the tax-free zones in Hong Kong, South Korea, Singapore, Taiwan, Honolulu, Dallas and New York. Convinced that Dubai, then heavily dependent on pearl industry for its economy, would be better off as a free zone trading hub in the Middle East, Bin Sulayem broached the idea to the son of then Dubai ruler Sheikh Rashid Bin Saeed Al Maktoum, His Highness Sheikh Mohammed bin Rashid Al Maktoum, now The Vice President and Prime Minister of the UAE and Ruler of Dubai. “If you really believe in it, you go run it,” Bin Sulayem, then 30, recalled Sheikh Mohammed as telling him in his narrative to Fortune Magazine in 2008. Over the past 30 years since JAFZA was built, it has exponentially grown. Today, it's a dynamic base for more than 7,000 companies from just 19 in 1985, including more than 100 Global Fortune 500 enterprises. It sustains jobs for more than 135,000 people and generates more than 20 percent of the UAE's foreign direct investment with a phenomenal trade value close to $70 billion. With a wealth of experience spanning three decades across a wide range of industries, Sulayem's expertise was again tapped as he was named Board Chairman on May 30, 2007 of DP World and Chief Executive Officer on February 8, 2016. In his previous role as Chairman of Dubai World, Sulayem established and led diverse businesses, including Nakheel, a real estate and tourism property development firm; and Istithmar World, a major global private equity investment house. He oversaw the rapid development of the Jebel Ali Free Zone into an unrivalled business park of more t h a n 7 , 0 0 0 c o m p a n i e s a n d p i o n e e r e d t h e D u b a i M u l t i Commodities Centre. As Chairman of DP World he has been at the forefront of the Company's international expansion, including the $6.85 billion acquisition of P&O Group. | 333

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