Sheikh Mohamed bin Zayed forms new board of Abu Dhabi’s Chamber of Commerce and Industry

Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, Deputy Supreme Commander of the UAE Armed Forces and Chairman of the Abu Dhabi Executive Council, has issued a resolution to reinstitute a new board of directors for the Abu Dhabi Chamber of Commerce and Industry.

The new board includes 23 founders, CEOs and chairpersons from multinational groups of companies, family businesses and startups. The chamber aims to develop commercial and trade activities in Abu Dhabi, increase the competitiveness of companies in the private sector, and enable them to foster sustainable development in the emirate.

The new board will be chaired by Abdulla Mohamed Al Mazroui, chairman of Mazrui International, a holding company, with Dr Ali bin Harmal Al Dhaheri and Yousuf Ali Abdul Kader as first and second vice chairman respectively. Dr Aldhaheri is a chairman of Abu Dhabi University’s board of directors, and the CEO of Abu Dhabi University Holding Company, while Yousuf Ali is the chairman and managing director of LuLu Group International. Furthermore, Masood Rahma Al Mehairbi has been appointed as treasurer and Saeed Ghumran Al Remeithi- CEO of Emirates Steel- as deputy treasurer.

The board members, with leadership experience in 15 countries, represent more than 15 key economic sectors, including financial services, healthcare, logistics, telecommunications, agriculture, manufacturing and technology.

The board members are Jassim Mohamed Alseddiqi, Saeed Sultan Al Dhaheri, Khaled Abdul Karim Al Fahim, Khalifa Saif Al Ketbi, Shames Ali Al Dhaheri, Ahmed Khalifa Almehairi, Ala’a Mohammed Eraiqat, Telal Shafiq Al Dhiyebi, Marwa Abdulla Al Mansoori, Nour Mohamed Al Tamimi, Khadija Ali Al-Amiri, Jasim Husain Thabet, Bassam Adib Chilmeran, Fouad Fahmi Darwish, Hatem Mohamad Dowidar, Khalid Anib, Yasser Nasr Zaghloul, Waseem Mohammed AlHalabi, Amer Fayez Kakish, Syed Basar Shueb, Rashed Mikati, Alan Lesley Smith, Karl Magnus Olsson and Elias Nabil Habib.

The diversity of the board will allow the private sector to advance and play an effective role locally, regionally and internationally, a statement said.

In related developments, the Abu Dhabi Department of Economic Development (ADDED) has announced that it would reduce business setup fees for the private sector, as well as licence renewal fees, to Dhs1,000. This decision was implemented to enhance the ease of doing business in the emirate and increase its competitiveness regionally and internationally.

Read: Abu Dhabi slashes private sector business setup fees by over 90%

Last month, the Sharaka initiative, an online platform for private companies to file complaints, settled all private sector dues from the Abu Dhabi government in Q1.

Read: Abu Dhabi’s Sharaka initiative settles all private sector dues from the government in Q1