Dubai Economic Council
Dubai Economic Council
Dubai Economic Council is an advisory body that was
established by The Dubai Government in 2003 under the
name of "Dubai Council for Economic Affairs". In 2007, some clauses of the council's law were amended including the
council’s name to "Dubai Economic Council".
About The Economic Council
By the initiative of H.H Sheikh Mohammad bin Rashid Al Maktoum Vice President and Prime Minister of the UAE the Economic Council Vice President and Prime Minister of the UAE the Economic Council
was established in 2003 .
Dubai Economic Council, chaired by H.E. Juma Al Majed, is comprised of leading businessmen and officials, representing the most vital
sectors of Emirate's economy, It is led by H.E. Hani Al Hamli, The General Secretariat, and encompasses a world-class team of
economists, strategists, researchers and legal advisors.
Chairman's Message
Dubai Economic Council (DEC) is a creative initiative of HH Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and UAE Prime Minister and Ruler of Dubai. The Council is considered to be the first advisory board of its kind with cutting-edge mandates aimed at enhancing the sustainable economic development of the emirate of Dubai and strengthen its location in the global economy.
enhancing the sustainable economic development of the emirate of Dubai and strengthen its location in the global economy.
Over the past years, the Council has played a vital role in shaping macroeconomic policies.
We have been groundbreakers in advancing Dubai's economic agenda and our mandate and work encompasses national economic issues as well.
Our members are leaders of different sectors of the Dubai economy, private and public.
Therefore, we have been referred to as the most effective public-private partnership-based organization dedicated to sound public policy development and solutions.
In addition to its strategy, the Council rallies to meet the Dubai Strategic Plan 2015 requirements, thus it is regarded as the road map of the local economy towards the future.
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He continues..
We hope through the website www.dec.org.ae we could conduct an interactive network with various economic activities and people
concerned in economic issues whether decision makers, academia and researchers in order to improve the thoughts and show insights in the direction that would enhance the comprehensive and sustainable
direction that would enhance the comprehensive and sustainable development of Dubai and UAE.
Juma Al Majed
DEC's Chairman
DEC's Secretariat General
Hani Rashid Al Hamli is the Secretary General of DEC. His tenure has seen the establishment of the Dubai Competitiveness Center (DCC), the
Economic Policy & Research Center (EPRC) and the Legal Affairs & Research Center (LARC).
He has pursued strategic partnerships to enhance the scientific efforts underpinning economic policy. Previously, Al Hamli had held diverse public and private sector positions in Dubai, policy. Previously, Al Hamli had held diverse public and private sector positions in Dubai, including the Executive Council-Government of Dubai, Dubai Chamber of Commerce and
Industry, Emirates Bank Group, and the Investment & Development Authority.
He is a graduate of Business Administration from
the UAE Higher Colleges of Technology.
Vision
To be the strategic partner for the Government of Dubai in economic policy-making.
Mission
To advise the government on innovative economic strategies and advocate sound economic policies that promote prosperous business environments, productivity, and a healthy
investment climate, as well as to enhance Dubai's competitiveness in the world economy.
investment climate, as well as to enhance Dubai's competitiveness in the world economy.
Council’s Main Role
• To encourage the private sector to contribute to the economic
development of the Emirate through its involvement in the discussions of economic policies and strategies and the offering of necessary advice.
• To improve the country's economic performance, enhance the business environment, and increase productivity.
environment, and increase productivity.
• To acquire the business community's trust and enrich the local business environment in the long term.
• To improve Dubai's economic competitiveness in the international market
Recent Role of DEC
As per its remit, the Council has, and continues, to
produce many consultations and recommendations to the Government of Dubai in terms of its economic policies. In short, the recommendations made by the council have enhanced the sustainable economic growth of Dubai, notably controlling inflation in the local and national economy; establishing free trade agreements between the UAE and other countries,
reviewing the strategic plans of some ministries and local departments in Dubai, reviewing reviewing the strategic plans of some ministries and local departments in Dubai, reviewing drafts of local and federal commercial laws, advising on policies to confront the impacts of global financial crisis on Dubai and UAE economy.
In addition the Council has initiated the Dubai Competitiveness Council (DCC), the Dubai
Economic Policy Research Institute (DEPRI) and the Legal and Regulatory Affairs Department
(LRAD).
Strategic Planning & Operations
The Strategic Planning & Operations Department is the technical and strategic arm of DEC's Secretariat-General. With an eye to playing a leading part in the Council's success, the role of the office is to ensure that the DEC, its affiliated agencies, and support activities are best positioned to successfully achieve their goals and objectives.
At the heart of the SP&O department's role lies the responsibility to be proactive in determining the Council's needs particularly in terms of establishing and pursuing the strategic and business initiatives that would not only fulfill medium-term needs but also strategic and business initiatives that would not only fulfill medium-term needs but also maintain the Council's vision for its future.
In this effort, the SP&O will provide the Secretary General with all the support that is
essential to the process of setting the organizations' future directions, through making the
key decisions both at the organization and department levels in such areas as resource
allocation, policy and procedure needs, as well as providing the guidance that would
enable a partnership with each department in the area of successful project management
processes.
Council’s Services to the public
The main function of the Council is, as it has been mandated, to provide the Government of Dubai with specific recommendations related to its economic policies, thus, the Council is not responsible for providing services to the public directly.
However, institutions and individuals who have an interest in the economic matters of
However, institutions and individuals who have an interest in the economic matters of
Dubai and the UAE, are able to access information through the Council’s many activities
and publications
Members of DEC
Representatives of Dubai Government
Representatives of Dubai Government
HH Sheikh Ahmed Bin Saeed Al Maktoum
• President, Dubai Civil Aviation Authority;
• Chairman, Dubai Airports
• Chairman and Chief Executive, Emirates Airline &
Group
Abdul Rahman Saif Al Ghurair
• Chairman of Dubai Chamber of Commerce &
Industry
• Board member of Mashreq bank/ Dubai
• Board member of Dubai Commercial Bank
• Board member of the National Cement Company/
Dubai
• Chairman of a number of companies, such as
Raqmiyat LLC, Al Ghurair Exchange, and Trigon
LLC
Essa Abdul Fattah Kazim Engeneer Hussein Nasser
Lootah khalid ahmed bin sulayem
•Chairman of Dubai Financial Market
•Director of Dubai International Financial Center
•Member of the Board of Nasdaq Dubai
•Engineer Hussain Nasser Lootah was appointed as Acting Director General of Dubai Municipality with effect from 2 February 2006.
director general of Dubai’s Department of Tourism and Commerce Marketing (DTCM)
•Member of the Board of Nasdaq Dubai former Dubai International Financial Exchange
•Chairman of Statistics Center of Dubai
•Board Member of Noor Islamic Bank
•Board Member of General Pension &
Social Security Authority
•Chairman of Borse Dubai
•Director of NASDAQ OMX Group
•Board Member of Rochester Institute of Technology.
•A civil engineering graduate from the United States, Lootah began his career as an engineer with the Federal Ministry for Electricity and Water.
Saeed Mohamed Ahmed Al Tayer Sami Ahmed Al Qamzi Sultan Ahmed Bin Sulayem
•Vice-Chairman of The Dubai Supreme Council of Energy.
•Managing Director & CEO of Dubai Electricity and Water Authority (DEWA)
•Director General of the Department of Economic Development in September 2008.
•Deputy Chairman and Managing Director of Dubai
Chairman of Dubai Ports, Customs, and Free Zones Corporation,
Chairman of DMCA
Managing Director of Dubai Media Incorporated (DMI) in
November 2012.
Members of DEC
Representatives of the Private Sector
Sector
Sheikh Khaled Bin Zayed Al Nahyan Abdul Jalil Yousuf Darwish Ahmed Hassan Bin Al Shaikh
Chairman and Founder of the Bin Zayed Group
•Chairman of SALAMA
•Chairman of Tamweel
•Member of the Board of Directors and Treasurer of the Dubai Chamber of Commerce and Industry
•Member of the Board of the
•Deputy Chief Executive Officer of Majid Al Futtaim Group LLC
•Over 20 years with Citibank N.A.,
•Chairman of Tamweel
•Vice-Chairman of Dubai Islamic Bank
•Board Member of Abraaj
•Board member of numerous sovereign entities: Chairman of Rochester Institute of Technology (RIT), Board Member of Dubai Real-Estate Corporation DREC (WASL), Dubai School of Government, UAE Insurance Authority
•Member of the Board of the Dubai Emirates Economic Council
•Member of the Board of Directors of National Bank of Umm Al Qaiwain since its establishment
•Deputy Chairman of the Higher Committee for Human Resources Development in the Banking Sector
•Member of the Board of Trustees of American University of
Sharjah, which is chaired by H H Dr. Sheikh Sultan Bin
Mohammad Al Qasimi member of Supreme Council and Ruler of Sharjah
•Over 20 years with Citibank N.A., where he acted as a Chief
Executive Officer for over 10 years,
•Board member of numerous organizations
Dr. Ahmed Saif Belhasa Ibrahim Ahmad Abdulnabi
Al Abbas Majed Saif Ahmed Al Ghurair
•Chairman of Belhasa group
•Chairman and Founder of the UAE Contactors Association
•Emeritus economic advisor to Belgium Ministry of Foreign affairs
•Chairman of Al Abbas group
•Board Member of Dubai Chamber of Commerce and Industry
•Chief Executive Officer of Al Ghurair Private Company,
•Chairman of the Board of Directors for Shuaa Capital PSC, Gulf Finance
Corporation PJSC, Drake & Scull
International PJSC, Planet Pharmacies LLC, and Dubai Wing
Ministry of Foreign affairs
•Emeritus economic and commercial advisor to Kazakhstan
•Chairman of UAE-Russian Business Council
•Member of the Board of Directors of Emaar Properties PJSC, Mashreq Bank, National Cement Co. and RAK Bank
•Board Member in Government Bodies like Dubai Statistics Centre & Dubai Economic Council; an active member in International Organizations like the World Economic Forum & Young Global Leaders
•Chairman of Middle East Council of Shopping Centers (MECSC) as well as the Dubai Shopping Malls Group (DSMG).
Raja Easa Al Gurg Majid Hamad Rahma Al
Shamsi Dr. Anwar Mohamed Gargash
•Managing Director, Easa Saleh Al Gurg Group
•Board Member, Dubai Chamber of Commerce & Industry
•Member, of the Dubai Economic Council,
2nd Vice Chairman of Dubai Chamber of Commerce &
Industry
Minister of State for Foreign Affairs and Minister of State for Federal
National Council Affairs
•Member, of the Dubai Economic Council, Government of Dubai
•President, Dubai Chambers of Commerce
& Industry Business Women Committee
•Vice Chairperson of INDEMAJ Under the Royal patronage of HRH Princess Haya Bint Al Hussain
•Vice Chairperson of INDEMAJ Under the Royal patronage of HRH Princess Haya Bint Al Hussain
More members
Name Current Position Experience Photo
Abdul Aziz Al Ghurair CEO of the publicly
traded Mashreq Bank. Founder of Al Mashreq Bank
Abdullah Ahmed Al
Moosa •Chairman of Abdulla A.
Al Moosa Enterprises
•Member at Dubai Economic Councils
Owner of Abdulla A. Al Moosa Enterprises
Abdulla Bin Ahmad Al
Ghurair •Chairman of Al
mashreq Bank
•Member at Dubai
Founder of Al Mashreq bank.
•Member at Dubai Economic Councils Abdul Rahim Mohamed
Al Zarooni •Owner of Al Zarooni Group of Companies.
•Member at Dubai Economic Councils
General Merchants, Stockiest, Retailers
Ali Abdullah Al Shafar Al Shafar Group of
company Family Business
Name Current Position History Photo
Ali Youssuf Habib Al Yousuf •Member at Dubai Economic
Councils Al Yousuf Companies (Family
Business)
Anis Abdulla Al Jallaf •Member at Dubai Economic
Councils •Chairman of the Board of
Dubai Investments PJSC until April 2010.
•Chairman of the Board at Union Properties PJSC.
•Director of Arabtec Holding P.J.S.C. He
•Director at Emirates NBD Bank PJSC
Eissa Bin Nasser Al Serkal •Al Serkal Group
•Member at Dubai Economic
•Member at Dubai Economic Councils
Hisham Abdullah Al Shirawi •Chairman of Economic Zones World
•Vice-Chairman of Dubai Chamber of Commerce &
Industry
•member of the Board of Directors of AL Shirawi Group
•Chief Executive Officer of Oasis Enterprises LLC.
Hussain Sultan Al Junaidy •Vice Chairman since 2010
at Dubai Investments PJSC •Chairman and CEO of a number of companies in the oil and gas industry
•ex-founder and Group CEO of Emirates National Oil Company (ENOC)
Name Current Position Experience Photo
Omar Mohammad Bin
Haider Member at Dubai
Economic Council
Rashid Humaid Al
Mazrouei •Chairman of Al
Mazroui Tading &
General Services L.LC
Founder of Al Mazroui Trading & General Services L.L.C
Saeed Hussain Al
Muntafiq Investor – Nuntafiq
Investment GEMS Education, Rise UAE, Media Rotana
Saeed Mohammed Al
Gandi Saeed Mohammed Al
Ghandi and Sons. distributors of industrial machinery and equipment
Saleh Saeed Ahmed
Nasser Lootah Chairman of Lootah Real
state Development
