Dubai Holding chairman steps down
A spokesman said that in the interim, Dubai Holding will be led by Ahmad bin Byat, its vice chairman, and by Fadel Al Ali, the chief executive
Mohammad Al Gergawi, chairman of Dubai Holding, will be stepping down from his position of 18 years, the company announced in a press statement on Saturday.
A spokesman said that in the interim, Dubai Holding will be led by Ahmad bin Byat, its vice chairman, and by Fadel Al Ali, the chief executive, according to The National.
Al Gergawi will continue to focus on his duties in the government as the Minister of Cabinet Affairs.
Sheikh Mohammed Bin Rashid, Vice President and Ruler of Dubai, thanked Al Gergawi for his service, and added: "We gave him the responsibility of tackling a lot of challenges and he succeeded, and we gave him our trust after we saw his dedication and sincerity in servicing his country."
Last year, Dubai Holding launched the urban, mixed-use development, Jumeirah Central, comprising residential units, schools, offices, parks, shopping centres, smart police services, and comprehensive community amenities.
Dubai Holding is the owner of the Tecom business parks group, the Jumeirah Group hospitality business, Dubai Properties and telecoms operator du's parent firm, Emirates International Telecommunications.