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AWR Automotive’s Hussam Baghdadi on legacy and leadership

Baghdadi has spent years navigating one of the region’s most dynamic and demanding industries. Here, he reflects on what it takes to lead a 60-year legacy business through a period of profound change, with the UAEat the centre of a global mobility revolution

Neesha Salian
Neesha Salian

08 July, 2026

AWR Automotive’s Hussam Baghdadi on legacy and leadership
Images: MMG

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There is a particular kind of executive who can talk about disruption without flinching. Ask Hussam Baghdadi about the geopolitical and economic turbulence that has rattled the automotive trade in recent times, and he does not reach for crisis language. “Periods of disruption are never identical,” he says, evenly. “The specific causes may differ, but the lesson remains the same: businesses must always be prepared and stay several steps ahead.” You get much the same answer in person.

We meet at the Nissan and INFINITI showroom at the AWR Group’s headquarters in Deira, a gleaming showroom with rows of immaculate vehicles: powerful Nissan Patrols and INFINITI’s flagship QX80s, polished and premium. Baghdadi, chief operating officer of AWR Automotive, arrives with the same refreshing authenticity that defines his approach: direct, clear-sighted, with no patience for corporate theatre or soft-pedalling. Ask him a question and you get substance, not spin. His focus is the intelligent work behind the showroom facade, the systems, discipline and human leadership that make a business truly run, and he speaks about it with clarity and conviction.

That temperament matters more than it once did. The company he helps lead (which also includes Renault, JMMC and NXT Used Cars among others in its portfolio) is in the middle of the most significant structural change in its history, and the easy thing to do with six decades of accumulated goodwill is to leave it nearly untouched. The group has chosen the harder path.

THE MAKING OF A LEADER
When Baghdadi joined the company in 1995, he started as a sales consultant. His rise to COO was earned through decades on the showroom floor and in customer-facing roles, learning what many executives never grasp: business acumen is built through people, not around them.

“You can’t lead a people business from an office,” he reflects. “Every role taught me something about how customers think and where systems break down. Sales taught me to listen. Customer service taught me that promises made in the showroom are maintained and kept in the service bay.”

That progression, nearly 30 years of it, instilled rare conviction: that leadership credibility is earned through ground truth. When Baghdadi argues that “aftersales is where promises become reality,” he speaks from lived experience, not theory. “The people closest to the customer see the truth first,” he notes.

THE DISCIPLINE OF STAYING AHEAD
To further understand Baghdadi’s leadership, it helps to comprehend what he believes the job “is not”. He does not see his role as the author of change so much as its translator. “The most challenging aspect of any transformation is not technology, systems, or processes,” he says.

“It is helping people navigate change with confidence.” This is a man, in other words, who has concluded that the binding constraint on a large organisation is rarely strategy and almost always people. “Automotive is, and will always be, a people business,” he says. “Behind every customer interaction, every innovation, and every business achievement is a team of individuals working together toward a common goal.”
The insight that animates his management style is deceptively simple. “One lesson I have learned throughout my career is that people rarely resist change itself,” he says. “They resist uncertainty.”

From that follows a clear theory of the leader’s task: not to direct, but to reduce ambiguity. “Leadership therefore becomes less about directing change and more about creating clarity, alignment, trust, and purpose.”

It would be easy to read this as soft management. It is not. Baghdadi pairs the empathy with an exacting sense of operational standards. “Leadership requires balancing performance with empathy, ambition with understanding, and speed with clarity,” he says, less a slogan than a description of daily trade-offs. He is equally clear about the human cost of that period, crediting the staff who absorbed it: the frontline teams, he notes, were “fielding harder conversations with customers and making faster calls with less certainty than usual.” That, he says, “is ultimately what kept the experience steady from the customer’s side.”

AN ENTERPRISE, REORGANISED
The business Baghdadi is helping to transform is substantial. AW Rostamani Group (AWR Group) is a family enterprise built over more than seven decades, spanning automotive, real estate, retail, lighting solutions, travel, logistics, agritech and sustainable packaging. It serves more than 155,000 customers and 24,000 businesses each year, supported by a workforce of over 3,000.

The automotive arm is the part of that empire most visibly in flux. In April, the group announced that it was consolidating its automotive marques, services and mobility solutions under a single banner: AWR Automotive. The reorganisation folded in operations that had long run under separate structures, most notably Arabian Automobiles Company, the Nissan and INFINITI and Renault distributorship that built the group’s reputation across Dubai, Sharjah and the Northern Emirates over nearly six decades. The unified division now brings together 14 brands and businesses across a network of 26 showrooms and 27 service centres.

That is a wide canvas. Nissan, INFINITI and Renault sit at the heart of the portfolio, among other leading brands, alongside flexible-access options such as rental and subscription, a growing roster of homegrown mobility ventures, and a full aftermarket layer of parts and multi-brand servicing that knits the whole together.

For Baghdadi, the logic of the consolidation is not cosmetic, and it rests on a single foundation: trust. The unification, by design, builds on that legacy rather than breaking from it. What AWR Automotive represents is not a departure from the company’s established principles, but an evolution of them. The reasoning is structurally sound. As ownership models multiply and customer expectations shift, organising around individual brands had become restrictive.

The company needed to think beyond silos and bring together the collective strength of its businesses, services, and capabilities into one unified proposition. This meant weaving together sales, aftersales, digital services, used cars, commercial vehicles, and future mobility solutions into a single integrated ecosystem, one designed around what customers actually need rather than how the organisation happened to be structured. What began as a single Nissan distributorship is now a diversified group of 14 brands under one structure, with the stated aim of greater transparency and trust.

FROM DEALERSHIP TO ECOSYSTEM
Ask him what the much-used word “ecosystem” actually means in practice, and Baghdadi grounds it in customer behaviour rather than corporate architecture. “Traditionally, automotive businesses were structured around a transaction: selling a vehicle, servicing it, and repeating the cycle,” he says. “Customers today think very differently. They are not looking for products alone; they are looking for solutions that fit their lifestyles, business needs, and changing mobility requirements.”

The practical expression of that idea is a deliberately porous front door. “A customer may enter through a Nissan, INFINITI, or Renault purchase,” he explains. “Another may choose a flexible ownership solution such as lease-to-own or rent-to-own. Others may engage with us through NXT Used Cars, commercial mobility solutions through JMMC, or our aftersales network.” Increasingly, he adds, they expect digital visibility throughout, the role played by AWR Automotive’s platform, AWR Connect.

What unifies those entry points, he says, is a single relationship rather than a series of transactions. He identifies people as the crucial factor not just systems. The model, he emphasises, “only works because the people running each touchpoint are trained to think in terms of that one relationship rather than their own function,” whether in sales, aftersales or digital support. The reorganisation, in other words, is as much a cultural project as a structural one. “The opportunity for businesses today is not simply selling vehicles,” he says. “It is becoming a trusted mobility partner.”

THE LIMITS OF THE SCREEN
Baghdadi is clear-eyed about how thoroughly technology has rewired the buyer’s journey. “By the time many customers visit a showroom today, they have already researched the vehicle, compared specifications, explored reviews, and often narrowed their shortlist,” he says. That has changed the job of his sales team fundamentally: “The conversation is no longer about providing information that customers can easily find online. It is about helping customers navigate choices, providing expert guidance, and creating confidence in their decision-making process.”

Yet for all his investment in digital channels, he draws a firm line at where software stops being decisive. “People still buy from people,” he says. “Technology can improve efficiency, but trust is built through human interaction. The most successful organisations are those that combine digital convenience with genuine human connection.” It is a principled stance he holds with conviction, and it’s one based on genuine results. Nowhere is that conviction sharper than on aftersales, the part of the business he regards as the true engine of loyalty.

“Aftersales is where promises become reality,” he says. “A customer may choose a vehicle because of its design, technology, or performance, but loyalty is often determined by the ownership experience that follows.” In a market like the UAE, where owners keep long relationships with their vehicles and service providers, he argues, the maintenance bay does more to shape trust than the showroom floor. His verdict is unequivocal: aftersales “can no longer be viewed as a support function. It has become a strategic differentiator and one of the most powerful drivers of long-term customer loyalty.”

RESILIENCE AS A PRACTICE
If there is a single idea that captures Baghdadi’s worldview, it is that durability is earned in difficulty. He rejects the notion that a company’s strength can be measured in good times. “In our industry, resilience is not built during periods of stability,” he says. “It is built through how effectively you respond when conditions become more complex.”

Baghdadi treats the intensity of that market as a tonic rather than a threat. “Competition across the automotive sector has never been stronger,” he says, “and customers today have more choices than ever before.” He calls it “a positive development because it pushes the entire industry to raise standards,” and frames his own task accordingly: not “reacting to competitors” but “continuously improving mobility solutions.”

The response, as he describes it, has been less about bold strokes than steady coordination. “For us, the focus has been on agility and preparedness,” he says. “We have worked closely with OEM partners, suppliers, financial institutions, and internal teams to minimise disruption, maintain service continuity, and ensure customers continue receiving the support they expect.” In practice that meant expanding flexible ownership options, deepening aftersales, and investing further in digital channels. The customer he is responding to has also changed, “more informed and deliberate,” he says, still willing to invest in mobility but “evaluating their options more carefully and placing greater importance on trust, transparency, value, and long-term support.” None of it, he is quick to add, “holds up without the people behind it.”

That instinct, treating preparedness as a permanent condition rather than a reaction, is what lets him speak about an uncertain market without anxiety. He promises no swift rebound: “Some global challenges continue to evolve, and recovery does not happen overnight.” What he offers instead is a capability, “our ability to adapt quickly, make informed decisions, and leverage the strength of long-standing partnerships.”

THE DECADE AHEAD
The showroom floor may be where customers first encounter the business, but the real work happens behind it. As AWR Automotive embarks on its most significant transformation in decades, Baghdadi’s vision for the decade ahead is clear: an industry that does not simply adopt global mobility trends, but shapes them. A business defined not by the vehicles it sells, but by the movement it enables.
His job, as he sees it, is not to chase the future. It is to evolve the organisation that creates it. “Our heritage gives us credibility, but it is our ability to evolve that will determine our future relevance,” he says.

And his read on what that transformation looks like is unambiguous: “The UAE is not following this shift. It is accelerating it, and the businesses that will matter are the ones building for that reality today, not reacting to it tomorrow.”

That clarity is the only edge that endures.

Dubai Financial Services Authority’s Mark Steward on the regulatory blueprint behind DIFC’s success

The chief executive of Dubai Financial Services Authority (DFSA) on why international firms choose DIFC

Neesha Salian
Neesha Salian

08 July, 2026

Dubai Financial Services Authority’s Mark Steward on the regulatory blueprint behind DIFC’s success

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Dubai’s ascent as a global financial centre reached new heights in 2025. The Dubai International Financial Centre welcomed 182 new regulated entities, pushing the total past 1,000 for the first time, while the city broke into the top ten of the Global Financial Centres Index, rising to seventh.

Behind this momentum sits the Dubai Financial Services Authority, the independent regulator of financial services conducted in and from the DIFC, whose remit now includes a formal mandate to support the sector’s growth alongside its core duties of market integrity, consumer protection and financial crime prevention.

In this interview, Mark Steward, who joined the DFSA last year as chief executive, reflects on a landmark year: record banking assets of $251bn, DIFC’s emergence as a top-five global hedge fund hub, $30.6bn in new debt listings, and the regulatory philosophy underpinning it all. From new crypto token rules to early intervention on AI oversight gaps, he makes the case that Dubai’s rise rests not on light-touch regulation, but on clear, consistently applied rules shaped by a regulator that knows its market, and intends to keep it that way as Dubai targets a place among the world’s top four financial centres by 2033.

You joined DFSA last year, at a moment of strong momentum for DIFC. What struck you most when you arrived?

What struck me immediately was the force of the DFSA‘s unique circumstances: overseeing the world’s fastest growing international financial centre, with a deep commitment to innovation and expertise, underpinned by high, international regulatory standards. The velocity of DIFC’s growth is extraordinary. In 2025, DIFC welcomed 182 new regulated entities, taking the total past 1,000 for the first time, a 16 percent increase in a single year and the third consecutive year of double digit growth. DIFC is now home to the vast majority of the world’s global systemically important banks, alongside an extensive network of asset managers, insurers and professional firms.

In March, Dubai entered the global top ten of the Global Financial Centres Index for the first time, rising from eleventh to seventh. What is persuading international firms to come here, and to stay?

People often ask me that question. Dubai‘s position at the centre of the world’s day, connecting the trading hours of Asia, Europe and the Americas, is a genuine part of the answer. But the more durable reason is a regulator that understands, and actively engages with, the markets it oversees, that is proportionate and risk-based, and that is built to help high-quality firms grow. It is worth noting that the same index identified Dubai as the centre most poised for significant growth over the next two to three years.

How does the DFSA’s work fit into Dubai’s wider ambitions under the D33 agenda and the DIFC 2030 strategy?

Our work is guided by the Dubai Economic Agenda, D33, and the DIFC 2030 strategy, which aim to make Dubai one of the world’s top four financial centres by 2033. That ambition calls for better regulation, not lighter regulation. In my experience, good regulation depends as much on knowing our firms well, and understanding how they are growing, as it does on setting high standards.

The 2025 numbers show growth across the board. Can you take us through the performance of DIFC’s four focus sectors?

DIFC’s strength is its breadth: high-quality growth across all four focus areas, banking, wealth and asset management, capital markets, and insurance. In banking, the combined assets of DIFC banks reached $251bn, up 19 per cent in a single year and 195 percent over the decade. The centre now hosts 27 of the 29 globally systemically important banks and the five leading Chinese banks, reflecting Dubai’s growing role connecting East and West. In wealth and asset management, assets under advisory reached $220bn and the number of firms grew by 22 per cent.

DIFC is now also a top-five global hub for hedge funds with two of the world’s largest operating from the Centre. Activity deepened as well as widened: trading in DIFC’s over-the-counter market grew strongly through the year, reaching $13tn in the final quarter of 2025, most of it in derivatives. Capital markets attracted $30.6bn in new debt listings, up 21 percent year on year, reinforcing DIFC’s position as a leading venue for sukuk and sustainable finance. And in insurance, gross written premiums hit record highs while the number of insurance-related entities grew by 15 per cent.

Rapid growth can bring rising risk. How confident are you in the quality of this expansion?

That is exactly the right question, because growth alone is not hard to attract. Growth without rising bad debts or thinning capital is harder, and a better sign that it will last. This growth came with discipline: the non-performing loan ratio in banking fell to a record low of 1.76 percent, and capital and liquidity buffers stayed well above what we require.

In October, the DFSA was given a secondary objective to support the growth of the financial services sector. Does that change how you regulate?

It formalised an approach we have long taken, that regulation is a catalyst for sustainable, high-quality growth, not a constraint. The objective is explicitly secondary and cannot override our primary duties to maintain market confidence, protect consumers and prevent financial crime. However, it lets us weigh the impact of our decisions on market development and competitiveness, while keeping our regulation risk-based and proportionate. In practice, that means giving firms greater regulatory certainty, reducing friction, and engaging more closely with the firms we supervise.

In 2025, we created a dedicated market engagement function, ran a supervisory outreach for more than 500 market participants, and launched DFSA Connect, a platform that made authorisation more streamlined and efficient.

How do you balance that closeness to the market with keeping standards high?

Our proximity to the markets we serve is precisely how we keep standards high. Over the year we carried out 79 risk assessments of authorised firms, published eight thematic reviews covering areas such as whistleblowing, fund management self-custody and high-growth firms, and shared 94 reports of suspicious trading with regulators in other jurisdictions.

We can give firms room to grow because we understand how they operate and can act early when there are challenges.

Technology is moving quickly, from crypto to AI. How is the DFSA keeping pace?

The rapid development of technology is a sharp test of regulation, and throughout 2025 we continued to refresh our regulatory approach with proportionate reforms across our regimes. Our updated crypto token rules, effective in January, are one example, where we shifted suitability assessments to firms within a framework we set and supervise.

On AI, our annual survey found that AI use among DIFC firms rose to 52 percent in a year, with generative AI use up 166 percent, yet one in five firms using AI in critical functions lacked proper oversight of it. A regulator should catch that kind of gap early. We did, and published our findings on cyber and AI as a systemic risk. It is with this same logic that DIFC’s Zabeel District will house the world’s first purpose-built AI campus within a financial centre. Firms will keep innovating at that pace only if the rules are strong enough to manage the risks and clear enough to build on.

What role do you see the DFSA playing in DIFC’s next phase of growth?

This is the role we intend to keep playing: a global super-connector, providing the regulatory rails and best practices that let capital, ideas and talent move freely while protecting the system they rely on. International firms choose DIFC, and stay, not because the rules are light, but because they are clear, consistently applied, and shaped by a regulator that engages with the market and helps good firms grow. That is what builds a financial centre that will continue to grow and sustain.

All figures drawn from the DFSA Annual Report 2025: Shaping the Financial Markets of the Future.

UAE certifies world’s first commercial vertiport ahead of Dubai air taxi launch

The certification followed an assessment by the GCAA covering the vertiport’s infrastructure, operational procedures, safety management systems, emergency preparedness and compliance with applicable aviation regulations

Neesha Salian
Neesha Salian

08 July, 2026

UAE certifies world’s first commercial vertiport ahead of Dubai air taxi launch
Image: Skyports

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The UAE’s General Civil Aviation Authority (GCAA) and Skyports Infrastructure said on Tuesday that the country’s aviation regulator had certified what they described as the world’s first purpose-built commercial vertiport for electric vertical take-off and landing (eVTOL) aircraft, marking a milestone for Dubai’s planned air taxi network.

The facility, officially registered as VDX under the GCAA’s certification process, is expected to serve as the primary hub of Dubai‘s future commercial air taxi network. Three additional vertiports are under development by Skyports in partnership with Dubai’s Roads and Transport Authority (RTA).

The certification followed an assessment by the GCAA covering the vertiport’s infrastructure, operational procedures, safety management systems, emergency preparedness and compliance with applicable aviation regulations.

“The certification of the world’s first purpose-built commercial vertiport is a historic achievement for the UAE and a defining moment for the future of aviation,” GCAA DG Saif Mohammed Al Suwaidi said in a statement.

He said the certification reflected the country’s regulatory framework and its ability to support innovation while maintaining aviation safety standards.

Aqeel Al Zarouni, assistant DG for Aviation Safety Affairs at the GCAA, said the certification demonstrated the UAE’s ability to establish a regulatory framework for emerging aviation technologies through what he described as proactive regulation and rigorous certification processes.

Skyports Infrastructure chief executive Duncan Walker said the approval showed that the infrastructure, operational standards and regulatory frameworks required for commercial eVTOL services were now in place.

“With VDX now certified and construction of the wider Dubai Air Taxi Network progressing at pace, we are one step closer to launching commercial air taxi operations,” Walker said.

Key features of the VDX vertiport facility

The VDX facility features two dedicated take-off and landing areas, rapid charging infrastructure for electric aircraft and passenger processing facilities. The four-storey vertiport spans around 3,100 square metres and is designed to handle up to 170,000 passengers annually once commercial services begin.

Commercial air taxi operations have not yet commenced, and no launch date was announced as part of the certification.

The GCAA said the approval represents a regulatory milestone as the UAE continues developing its Advanced Air Mobility ecosystem in collaboration with the RTA, Skyports and other industry partners.

US strikes Iran after attacks on commercial vessels in Strait of Hormuz

The strikes followed a decision by the US Treasury Department earlier on Tuesday to revoke a waiver that had temporarily eased some oil-related sanctions on Iran

Neesha Salian
Neesha Salian

08 July, 2026

US strikes Iran after attacks on commercial vessels in Strait of Hormuz
Image: Getty Images/ For illustrative purposes

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The US launched strikes against Iran on Tuesday after attacks on three commercial vessels in the Strait of Hormuz, US Central Command (CENTCOM) said, escalating tensions between Washington and Tehran.

CENTCOM said the strikes were carried out in response to Iranian strikes on commercial shipping and aimed at imposing costs for targeting vessels carrying civilian crews in international waters.

“Iran’s demonstrated aggression was unwarranted, dangerous, and a clear violation of the ceasefire,” CENTCOM said in a statement.

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According to Reuters, Iranian state media reported that strikes hit areas including Qeshm Island, Bandar Abbas and Sirik.

The US had earlier said there would be consequences following the attacks on commercial vessels in the Strait of Hormuz, a major global shipping route.

US revokes waiver on oil-linked sanctions on Iran

The strikes followed a decision by the US Treasury Department earlier on Tuesday to revoke a waiver that had temporarily eased some oil-related sanctions on Iran.

CENTCOM said it had hit over 80 targets with precision munitions. It said that US forces “struck Iranian air defense systems, command and control networks, coastal radar sites, anti-ship missile capabilities, and more than 60 Islamic Revolutionary Guard Corps small boats in and near the strait.”

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The Strait of Hormuz, located between Iran and Oman, is one of the world’s most important energy transit routes, with disruptions there carrying potential implications for global oil markets and maritime trade.

Meanwhile, according to a Reuters report, oil prices rose and bond futures dropped on Wednesday after the US strike on Iran and reinstated trade sanctions following attacks on tankers in the Strait of Hormuz.

US crude futures CLc1 were up 2.7 per cent to $72.40 a barrel and 10-year Treasury futures TNc1 slid seven ticks as traders priced in the risk that inflation and interest rates rise.

ENGIE’s Niko Cornelis on building a smarter, more flexible grid in the UAE

Engie’s CEO for the GCC discusses how the UAE is moving towards a more integrated energy model, why storage and flexibility will be critical, and how the next generation of grids will combine renewable generation, advanced technology and resilient infrastructure

Neesha Salian
Neesha Salian

08 July, 2026

ENGIE’s Niko Cornelis on building a smarter, more flexible grid in the UAE
Image: Supplied

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The UAE’s energy transition has entered a new phase. After rapidly scaling renewable generation, particularly solar, the focus is shifting from building clean energy capacity to creating the infrastructure required to integrate it reliably into the grid.

For decades, the country’s power system was built around predictable generation sources, but the growth of renewables is changing how electricity is produced, managed and dispatched. As solar becomes a larger part of the energy mix, technologies such as battery energy storage, flexible gas generation and digital grid management are becoming essential to maintaining reliability while reducing emissions.

With almost three decades of experience operating power and water infrastructure across the GCC, ENGIE has been closely involved in the region’s evolving energy landscape. Niko Cornelis, CEO GCC at ENGIE, discusses how the UAE is moving towards a more integrated energy model, why storage and flexibility will be critical, and how the next generation of grids will combine renewable generation, advanced technology and resilient infrastructure.

The UAE has been one of the fastest-moving markets on clean energy deployment in the region. Where would you say the country sits today in that journey?

The UAE’s energy transition has advanced faster than most comparable markets. Solar capacity has grown substantially, clean energy targets are backed by contracted projects rather than aspirational plans, and the strategic frameworks governing the sector have proven consistent enough for developers and operators that commit capital over decade-long horizons.

ENGIE has been part of this journey for almost 30 years, contributing to both power generation and water production across the country. Producing approximately 20 per cent of the UAE’s electricity gives us a ground-level view of how the system is evolving and what it takes to keep it performing reliably as the generation mix changes.

The country is now at the stage where the generation buildout and the grid integration layer are advancing together. This is the natural progression of an energy system that has successfully scaled clean generation and is now building the infrastructure to dispatch it with the same reliability the system has always delivered.

As solar takes a larger share of the generation mix, the operational profile of the grid changes significantly. What does that mean in practice for developers and operators like ENGIE?

As solar takes a larger share of the generation mix, the operational profile of the grid changes. Generation becomes more variable; the system needs assets that can not only produce, but can respond quickly.

In the UAE, this is being addressed through structured long-term frameworks. Our projects are contracted through PPAs that provide commercial visibility for decades, which is what allows us to invest in the right combination of technology – not just solar, but battery storage and flexible gas.

For ENGIE, our core business is built around integrating renewable generation with flexible capacity and storage, designed to deliver reliable power around the clock. This capability is proven across our global operations, and its directly relevant to what the UAE is building now.

ENGIE has operated across power and water infrastructure in the GCC for decades. What lessons from that experience apply to how the UAE is sequencing generation, storage and transmission today?

ENGIE’s three decades of operating major power and water assets in the GCC has taught one primary lesson: generation, storage, and flexible capacity must be planned and built together to ensure grid reliability. The UAE’s current energy strategy is a direct application of this principle.

This is visible in three ways:
Managing the shift to renewables: Leveraging its experience from running foundational gas assets like Al Taweelah A1, ENGIE understands the need for a stable grid. As it helps develop massive solar projects, this experience informs how to integrate vast intermittent renewables without sacrificing reliability.

Firming renewable power: The UAE is pairing its solar build-out with energy storage (BESS) and flexible, fast-ramping gas turbines

Integrated grid planning: The strategy recognises that generation and storage assets are only effective if connected by a modern, intelligent grid. The UAE is sequencing its investments to ensure its transmission network can manage the complex energy flows of a renewables-led system.

In short, the UAE’s disciplined approach, combining renewable generation with integrated storage and a modern grid, is a direct reflection of the hard-won operational lessons learned by partners like ENGIE over decades.

Battery energy storage has moved quickly from pilot to utility-scale deployment in the GCC. How do you see BESS reshaping the way solar is delivered to the grid?

The simplest way to think about it is that without storage, solar power is only available when the sun is shining. With BESS, you can store what’s generated during the day and release it into the grid during the evening peak or overnight. That changes solar from an intermittent source into something much closer to firm, dispatchable power, which is what grid operators require.

In the UAE, future large-scale solar projects will be designed with storage integrated from the outset, reflecting a clear intention to provide firm, dispatchable renewable power alongside traditional generation. ENGIE is actively building its capacity in this space and we see BESS as an essential tool in making our renewable projects bankable and operationally reliable over the long term.

Gas has historically been the backbone of UAE generation. As renewables scale, how is its role evolving?

Flexible and efficient gas generation remains the essential enabler of the UAE’s energy transition. As more renewable capacity comes online, the primary role of gas is shifting from providing continuous baseload to providing the essential firming capacity needed to guarantee grid stability.

This new role demands gas assets that are not only reliable but also aligned with long-term decarbonization goals. The focus is now on deploying state-of-the-art technology. For instance, high-efficiency combined-cycle gas turbines (CCGT) offer best-in-class performance, generating more electricity from less natural gas. This superior efficiency directly reduces CO2 emissions per megawatt-hour, ensuring that the grid is stabilised in the most carbon-conscious way possible.

Furthermore, the strategy for gas involves future-proofing these assets for a net-zero world. The latest generation of turbines are being designed to be “hydrogen-ready,” capable of co-firing hydrogen with natural gas today and transitioning to 100 per cent hydrogen in the future. This creates a clear pathway to decarbonise these plants over their operational life. Paired with the potential integration of Carbon Capture, Utilisation, and Storage (CCUS), these modern gas assets are being positioned not just as a bridging fuel, but as a long-term, low-carbon source of essential grid reliability.

Physical assets such as storage, flexible gas, and solar, are only part of the equation. What role does the digital – layer play in making it all work together?

As the generation mix becomes more diverse, the digital layer that orchestrates these assets is critical for grid stability. Real-time data and smart dispatch are essential for balancing the system as conditions change.

The UAE’s commitment to building this digital capability in parallel with its physical assets makes it a leading market. For ENGIE, this allows us to bring our global expertise in energy management directly to the UAE, using our advanced analytics and operational platforms to enhance reliability and optimisze the entire system.

The UAE Energy Strategy 2050 and Abu Dhabi’s 2035 clean energy targets have created a substantial project pipeline. How is ENGIE contributing to these agendas, and what does a project like Khazna represent in that context?

The UAE Energy Strategy 2050, the Abu Dhabi target to meet a majority of electricity demand from clean and renewable sources by 2035, and the project pipeline supporting both reflect the kind of long-term consistency that makes deep investment rational for developers and their partners.

ENGIE’s contribution to that pipeline includes the 1.5 GW Khazna Solar PV project, developed alongside Masdar under a 30-year agreement with EWEC. Once fully operational in 2028, this project will provide a significant volume of renewable power, directly supporting the UAE’s clean energy and decarbonisation objectives. Being part of a programme on this scale and maturity is where the energy transition moves from strategy to execution.

As the UAE moves into this next phase, what should observers be watching for as the markers of success?

From our perspective as a long-term energy partner in the UAE, the key indicator of success is not simply the gigawatts of new capacity built, but how effectively all the new and existing assets work together to ensure reliability, year after year.

What makes the UAE’s approach noteworthy is that this integration is already at the heart of the strategy. We see that renewable generation, flexible gas, battery storage, and desalination are being planned and deployed to function as a single, cohesive system.

For observers, this tangible shift from focusing on individual projects to executing a fully integrated energy plan is the most important marker of a successful, resilient transition. Our role, as a committed partner, is to help deliver this next phase by combining generation, flexibility, and infrastructure to support the UAE’s long-term energy security.

Top 50 leaders and CEOs of 2026

This list was independently curated by the Gulf Business editorial team and is presented in alphabetical order

Gulf Business
Gulf Business

08 July, 2026

Top 50 leaders and CEOs of 2026

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We profile 50 of the most influential MENA leaders and CEOs, whose decisions and business acumen are shaping the future of business across the region. They are driving transformation, elevating industries, and defining a more ambitious, dynamic and globally connected MENA region.

Abdallah Massaad

Abdallah Massaad

Group CEO, RAK Ceramics
Abdulla Mubarak Al-Khalifa

Abdulla Mubarak Al-Khalifa

Group CEO, QNB Group
Ahmad Helal Al-Mohannadi

Ahmad Helal Al-Mohannadi

CEO, QatarEnergy LNG
HH Sheikh Ahmed bin Saeed Al Maktoum

HH Sheikh Ahmed bin Saeed Al Maktoum

Chairman and CEO, Emirates Group
Akbar Moideen Thumbay

Akbar Moideen Thumbay

Vice president, Thumbay Healthcare
Alisha Moopen

Alisha Moopen

MD and group CEO, Aster DM Healthcare (GCC)
Alex Reinhardt

Alex Reinhardt

Founder, Ultima Blockchain
Amin H Nasser

Amin H Nasser

President and CEO, Saudi Aramco
Anas Sefrioui

Anas Sefrioui

Founder and chairman, Groupe Addoha
Dr (CA) Ankur Aggarwal

Dr (CA) Ankur Aggarwal

Chairman and founder, BNW Developments
Aziz Aluthman Fakhroo

Aziz Aluthman Fakhroo

Group CEO, Ooredoo Group
Fawaz Al-Jasser

Fawaz Al-Jasser

CEO, Almarai
Hamad Ali Al-Khater

Hamad Ali Al-Khater

Group CEO, Qatar Airways
Hana Al Rostamani

Hana Al Rostamani

Group CEO, First Abu Dhabi Bank
Hazza Zaal

Hazza Zaal

CEO, Al Barari Real Estate Group
Henadi Al-Saleh

Henadi Al-Saleh

CEO and Board Member, Agility Global
Hisham Farouk

Hisham Farouk

CEO, Grant Thornton UAE
Hussam Baghdadi

Hussam Baghdadi

COO | AWR Automotive
Isam Jassim AlSager

Isam Jassim AlSager

Vice chairman and group CEO | National Bank of Kuwait (NBK)
Imran Farooq

Imran Farooq

Founder and group CEO | SAMANA Developers and SAMANA Group of companies
Jerry Inzerillo

Jerry Inzerillo

Group CEO | Diriyah Company
John Hadden

John Hadden

CEO | Alshaya Group
John Pagano

John Pagano

Group CEO | Red Sea Global
Katy Keenan

Katy Keenan

CEO | British Chamber of Commerce Dubai (BCCD)
Karim Awad

Karim Awad

Group CEO and chairman | Executive Committee, EFG Holding
Khaldoon Khalifa Al Mubarak

Khaldoon Khalifa Al Mubarak

MD and group CEO  |  Mubadala Investment Company  •  Chairman  |  Manchester City FC
Mark Thomas

Mark Thomas

Group CEO | Bapco Energies
Dr Marwan Al Kaabi

Dr Marwan Al Kaabi

CEO  |  Sheikh Shakhbout Medical City (SSMC)
Michael Champion

Michael Champion

CEO |  Tahaluf
Mohamed Benchaaboun

Mohamed Benchaaboun

Chairman of the Management Board  |  Maroc Telecom
Mila Semeshkina

Mila Semeshkina

CEO and Founder | Lectera.com, Women’s Empowerment Council and WE Convention
Mohamed El Kettani

Mohamed El Kettani

Chairman and CEO  |  Attijariwafa Bank
Mohamed Jameel Al Ramahi

Mohamed Jameel Al Ramahi

CEO |  Masdar
Mohamed Karim Mounir

Mohamed Karim Mounir

Chairman and CEO | Banque Centrale Populaire
Noufissa Kessar

Noufissa Kessar

Chairwoman and CEO | Al Mada
Navneet Mandhani

Navneet Mandhani

Founder and CEO | Karma Developers . Founder | Sophonos Investments
Mostafa Terrab

Mostafa Terrab

Chairman and CEO | OCP Group
Olayan Mohammed Alwetaid

Olayan Mohammed Alwetaid

Group CEO | stc Group
Prateek Suri

Prateek Suri

Chairman and CEO | Maser Group
Osama Bishai

Osama Bishai

CEO | Orascom Construction
Randa Sadik

Randa Sadik

CEO | Arab Bank
Raja Alameddine

Raja Alameddine

CEO | ANAX Developments
Rashed Ahmadyar

Rashed Ahmadyar

CEO | Ahmadyar Developments
Samer Abdelsalam Majali

Samer Abdelsalam Majali

Vice chairman / Board designee CEO | Royal Jordanian Airlines
Shayne Nelson

Shayne Nelson

Group CEO | Emirates NBD
Sultan Ahmed Al Jaber

Sultan Ahmed Al Jaber

Managing Director and Group CEO | ADNOC • Executive Chairman | XRG • Chairman | Masdar
Suresh Vaidhyanathan

Suresh Vaidhyanathan

C-suite leader
Syed Basar Shueb

Syed Basar Shueb

CEO, MD and board member | International Holding Company (IHC)
Tony Douglas

Tony Douglas

CEO | Riyadh Air
Ziad Melhem

Ziad Melhem

CEO | CFI Financial Group

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