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Mohammad issues decree setting up Dubai World’s board of directors

Dubai: His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, issued Decree No. 46 of 2013 setting up Dubai World’s board of directors.

It would be set up under the chairmanship of Shaikh Ahmad Bin Saeed Al Maktoum, President of the Dubai Department of Civil Aviation and Chairman and Chief Executive of Emirates Airline and Group.

Board members include Mohammad Ebrahim Al Sheibani, Director General of Dubai Ruler’s Court; Abdul Rahman Saleh Al Saleh, Director General of Dubai Department of Finance; Hamad Mubarak Bu Amim, Director General of Dubai’s Chamber of Commerce and Industry; Saadi Abdul Rahim Hassan Al Rais, an esteemed shipping industrialists in the UAE; and Dr Soon Young Chang, a veteran in the UAE with a long global tenure in the investment arena.

The decree comes into effect from the date of its issuance and is to be published in the official gazette.

Dubai World’s portfolio contains some of the world’s leading companies, including Drydocks World, Economic Zones World, Istithmar World and majority ownership of DP World.

The company focuses on the strategic growth areas of Transport and Logistics, Drydocks and Maritime, Urban Development, Investment and Financial Services.