ADAC board reshuffles; Midfield signing postponed
Royal decree names new chairman, directors; terminal event cancelled
General Sheikh Mohammad Bin Zayed Al Nahyan, Abu Dhabi Crown Prince and Deputy Supreme Commander of the UAE Armed Forces, issued a resolution on Sunday restructuring the board of directors of the Abu Dhabi Airports Company (ADAC ).
On Monday, the signing ceremony for the Abu Dhabi airport Midfield Terminal contract awarded to the Arabtec-TAV-CCC consortium was cancelled. It was due to be held at the Shangri-La hotel in Abu Dhabi.
The award of the $3.3bn Abu Dhabi airport project, one of the largest airport projects ever conceived, was announced in April. It ended a bidding process that commenced back in October 2010.
The crown prince’s resolution appoints Majid Al Mansouri as chairman of the board, and also elevates Abu Bakr Seddiq Al Khouri, Eng. Owaida Murshid Ali Al Murar, Ahmad Ali Mattar Al Rumaithi, and Eng. Mohammad Mubarak Ali Al Mazroui to the ranks of the anointed.
The resolution also decrees that the board will serve a tenure of three years, after which time membership will be further reviewed, and either terminated or renewed.