Former top advisor calls for more UAE mergers
Sameer Al Ansari wants closer links between Dubai and Abu Dhabi
More Dubai and Abu Dhabi corporate giants should consider merging, according to Sameer Al Ansari, one of HH Sheikh Mohammed Bin Rashid Al Maktoum’s former advisors.
“I don’t know about the politics of Dubai and Abu Dhabi but I think there are opportunities for Dubai and Abu Dhabi to do more things together,” Al Ansari told Arabian Business.
Al Ansari served as group chief financial officer for The Executive Office of Dubai Ruler Sheikh Mohammed Bin Rashid Al Maktoum, and was the founding chairman and CEO of Dubai International Capital, the Emirate’s defacto sovereign wealth fund.
He said he hopes the mega-merger last year between Dubai Aluminium (Dubal) and Emirates Aluminium, which created the world’s largest aluminium producer with a market value of $15bn, is just the start of a wider trend for synergies between Dubai and Abu Dhabi companies.
“What Dubai and Abu Dhabi bring to the table are very synergetic resources and skills so I absolutely hope so and I think it would be good for the UAE if we see more and more mergers and tie-ups,” he said.