DUBAI, 22 August 2007 — Mohammad Al-Gergawi, minister of State for Cabinet Affairs, chairman of the Executive Office, and the executive chairman and CEO of Dubai Holding, the UAE’s leading multi-industry holding company, has been selected as one of the 12 mentors of the “World Economic Forum on Growth” to be held in Dalian, northeastern China, from Sept. 6-8, 2007.
The choice of Al-Gergawi for this role, the only Arab among the mentors, reflects his tireless efforts in launching and managing giant economic entities that match global standards, and have led to fundamental shifts in the Arab economic scenario.
The mentors list includes Craig Barrett, chairman of Intel Corporation, US, and Sir Martin Sorrell, group chief executive, WPP, United Kingdom.
Al-Gargawi is known for his keen work ethic and dedication. In a few years Al-Gergawi formed, along with Mohammed Al-Abbar and Sultan ibn Sulayem, the team which oversaw the city’s rapid and impressive development into a 21st century metropolis and the region’s financial, tourism and travel capital. He is seen as part of a new type of leaders in the community; young, western-educated, articulate and blindingly ambitious. He continues to lead the city’s astonishing transformation under the guidance of Sheikh Mohammed bin Rashid Al-Maktoum, vice president and prime minister of the UAE and ruler of Dubai.
Al-Gergawi, who coordinated and developed many initiatives including the Dubai Government Excellence Program, the Dubai Shopping Festival, Dubai Summer Surprises, the Dubai Quality Award, the Dubai Press Club and the Sheikh Mohammed ibn Rashid Al-Maktoum Award for Arab Management, will participate as a key speaker at the Forum’s sessions, where there will be ample opportunities to exchange views with participants including government officials as well as the world media.
“The UAE has become a major growth engine for the region’s economy. The country has significantly contributed to making the Arab world an active business and commercial focal point, attracting investment and competing at the global level. We believe the World Economic Forum in China has come at an opportune time as China and the rest of Asia are playing an increasingly important role in balancing the global economy. The UAE, due to its economic and geographic advantages, play an equally pivotal role in the global trade as well. This makes the UAE’s participation in this forum essential,” Al-Gergawi said.
“In addition, the importance of Asia as an investment destination, and the accelerated economic growth in China and other Asian countries make it imperative that we change our perception of these states from just a source for skilled manpower to states with substantial investment capabilities. While Asian investments in the world are fast increasing, the share of Arab region is still negligent,” he added.
More than 300 companies from the new Global Growth Community will attend the forum in Dalian.
The forum will host more than 1,200 participants including experts, leaders of industry and government officials.