Top 100 Arabs 2024

57. Mohammad Ali bin Rashed Lootah

President and CEO, Dubai Chambers

Origin: UAE

Residence: UAE

Sector: Diversified

2023 Rank: 58

Lootah oversees three chambers: Dubai Chamber of Commerce, Dubai International Chamber, and Dubai Chamber of DigitalEconomy.

Under Lootah’s leadership, Dubai Chambers attracted more than 67,222 new companies in 2023 bringing its total membership to 217, 788, up 26.8 per cent compared to a year ago.

The chamber launched a new initial public offering (IPO) accelerator programme and established the Dubai Centre for Family Businesses to advance the growth of family-owned enterprises in the city.

Dubai attracted Dhs20.9bn in foreign investments last year, a 70 per cent YoY growth.

Mohammad A Baker