With new leadership positions, Abu Dhabi Executive Council to speed up UAE’s ‘economic transformation’

With new leadership positions, Abu Dhabi Executive Council to speed up UAE’s ‘economic transformation’

Dubai: Abu Dhabi and the UAE have embarked on a next phase of economic growth as a new generation takes on top positions at the federal and emirate levels. These leaders will bring ‘technocrat’ skills to their current positions given the vast experience they possess both at the government level and in the corporate space. This is what’s needed as the UAE makes that gradual transition towards being a multi-layered economy and not one just reliant on energy. Under the changes, Sheikh Mansour bin Zayed Al Nahyan, the Deputy Prime Minister and Minister of the Presidential Court, becomes the country’s second Vice-President alongside His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai. Sheikh Khaled bin Mohamed bin Zayed becomes the Crown Prince of Abu Dhabi, who will also oversee a restructured Abu Dhabi Executive Council. Sheikh Hazza bin Zayed Al Nahyan and Sheikh Tahnoun bin Zayed Al Nahyan have been named Deputy Rulers of Abu Dhabi. The changes are manifest during a period when ‘Abu Dhabi’s balance-sheet will remain very strong and its net creditor position very large for the foreseeable future’, according to the credit rating agency Moody’s, which