Home lists Top 100 most powerful Arabs 2022 Mohamed Ali Al Shorafa Al Hammadi Chairman, Abu Dhabi Department of Economic Development Origin: UAE Residence: UAE Sector: Diversified Mohamed Ali Al Shorafa Al Hammadi plays an influential role in driving Abu Dhabi’s diversification strategy as a key member of the Abu Dhabi Executive Council and chairman of the Abu Dhabi Department of Economic Development. He is the head of the Abu Dhabi Investment Office, chairman of the Khalifa Fund for Enterprise Development, chairman of Hub71 – a key initiative of the Abu Dhabi Government’s development accelerators programme; and chairman of the Securities & Commodities Authority. Al Hammadi is also the chairman of the Free Zones Council, which was set up last year. The Free Zones Council is responsible for reviewing the regulatory legislation for each free zone in Abu Dhabi.