Maktoum bin Mohammed Al Maktoum explained

Honorific Prefix:Sheikh
Office:Deputy Prime Minister of the United Arab Emirates
Term Start:25 September 2021
Predecessor:Hamdan bin Zayed Al Nahyan &<br/>Sultan bin Zayed bin Sultan Al Nahyan
Alongside:Saif bin Zayed Al Nahyan and Mansour bin Zayed Al Nahyan
President:Khalifa bin Zayed Al Nahyan
Mohamed bin Zayed Al Nahyan
Primeminister:Mohammed bin Rashid Al Maktoum
Office1:Minister of Finance
Term Start1:25 September 2021
President1:Khalifa bin Zayed Al Nahyan
Mohamed bin Zayed Al Nahyan
Primeminister1:Mohammed bin Rashid Al Maktoum
Predecessor1:Hamdan bin Rashid Al Maktoum
Office2:Deputy Ruler of Dubai
Term Start2:1 February 2008
Alongside2:Hamdan bin Rashid Al Maktoum (2008–2021) and Ahmed bin Mohammed Al Maktoum (2023–present)
Predecessor2:Hamdan bin Mohammed Al Maktoum
Monarch2:Mohammed bin Rashid Al Maktoum
Office3:Chairman of the Court of HH Ruler of Dubai
Predecessor3:Office established
Monarch3:Mohammed bin Rashid Al Maktoum
Term Start3:15 May 2021
Relatives:Al Falasi
Birth Name:Maktoum bin Mohammed bin Rashid Al Maktoum
Birth Date:24 November 1983
Birth Place:Dubai, United Arab Emirates
Children:Hind bint Maktoum Al Maktoum
Latifa bint Maktoum Al Maktoum
Shaikha bint Maktoum Al Maktoum
Father:Mohammed bin Rashid Al Maktoum
Mother:Hind bint Maktoum bin Juma Al Maktoum
Native Name Lang:ar

Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum (Arabic: مكتوم بن محمد بن راشد آل مكتوم; born 24 November 1983) is an Emirati royal and politician who serves as minister of finance of the United Arab Emirates, deputy ruler of Dubai[1] and chairman of Dubai Media Incorporated. He was named as deputy ruler in February 2008 when his elder brother Hamdan was made crown prince.[2] He served as deputy ruler alongside his uncle Sheikh Hamdan bin Rashid Al Maktoum until the latter's death in March 2021. Since then until 2023, he was the sole deputy ruler under his father Mohammed bin Rashid Al Maktoum's reign.[3] In April 2023, his younger brother Sheikh Ahmed bin Mohammed Al Maktoum was also named deputy ruler.[4] In September 2021, he was appointed deputy prime minister and finance minister of the UAE.[5]

Maktoum is also the chairman of Dubai Knowledge Park,[6] formerly known as Dubai Knowledge Village, inaugurated in 2003.[7] [8]

Early life and education

Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum was born on 24 November 1983 in Dubai. He is the third son of Dubai's ruler, Sheikh Mohammed bin Rashid Al Maktoum with his wife Sheikha Hind bint Maktoum bin Juma Al Maktoum. While he is his mother's third son, he is his father's tenth child and fourth son. He completed his high school at Rashid School for Boys, Dubai, and graduated from the American University in Dubai with a bachelor's degree in Business Administration in 2006. He attended numerous training courses in the Dubai School of Government, as well as Harvard University.[9]

Career

Sheikh Maktoum chairs the Board of Directors of Dubai Media Incorporated[10] and serves as the Chairman of Dubai Technology and Media Free Zone Authority (TECOM Investments). Sheikh Maktoum has accompanied the President of the United Arab Emirates, Sheikh Khalifa bin Zayed Al Nahyan, to numerous conferences, summits and official visits. He has also accompanied Sheikh Mohammed to several Gulf, Arab and international political and economic conferences.[11]

He is the president and chairman of the higher board of governors of the Dubai International Financial Centre.[12] [13]

Appointments

In 2017, he was appointed as Chairman of the Dubai Real Estate Corporation.[14]

In May 2018, he was sworn in as President of the Financial Audit Authority (FAA).[15]

On 15 May 2021, he was appointed as Chairman of the Ruler's Court.[16] [17] [18]

In 2021, Mohammed bin Rashid Al Maktoum, the ruler of Dubai,[19] assigned Maktoum bin Mohammed bin Rashid Al Maktoum to supervise the financial markets and stock exchanges in Dubai.[20] [21] [22] In November 2021, Maktoum bin Mohammed listed Dubai's road toll system Salik on the Dubai Financial Market.[23]

In May 2021, he was appointed as Chairman of the Court of the Ruler of Dubai.

He was appointed Chairman of the Dubai Culture and Arts Authority (DCAA) in 2015.[24] The DCAA is also known as Dubai Culture and is tasked with managing the heritage of Dubai.[25]

Decisions as Minister of Finance

In November 2021, Maktoum formed the Dubai Markets Supervisory Committee, which he chairs, to develop strategy and policy for the Dubai Financial Market.[26]

Also in November 2021, he launched the Future District Fund, worth AED 1 billion, to invest in technology start-ups and incentivizing technology companies to list in the Dubai Financial Market.[22] The Fund's set target was to establish 1,000 companies within five years of its setup. Maktoum appointed Sharif El-Badawi as CEO of the Future District Fund.[27]

In October 2021, Maktoum bin Mohammed bin Rashid Al Maktoum, along with his father and three brothers, launched the Hatta Master Development Plan to develop the Hatta region as a business and tourism hub.[28]

Personal life

On 15 May 2019, he married Maryam bint Butti bin Maktoum Al Maktoum,[29] on the same day that his brothers Hamdan and Ahmed also married.[30] On 6 June 2019, he and his brothers celebrated the royal wedding together at the Dubai World Trade Center.[31] [32] [33] Together with his wife, he has three daughters:

Award

The Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum Cambridge ICT Awards recognize outstanding academic achievements among students in the UAE based on Cambridge IGCSE, AS Level and A Level examinations. The awards also honor inspirational teachers.[38] [39]

External links

Notes and References

  1. News: Basit . Abdul . Best performing firms honoured . 23 November 2010 . . 1 November 2010.
  2. News: Sheikh Mohammed: A timeline of achievements . 2019-01-05 . . 2021-04-16 . en.
  3. News: Dubai deputy ruler Sheikh Hamdan, prominent horse racing figure, dies . 2021-03-24 . . 2021-04-14 . en.
  4. News: 2023-04-28 . Dubai ruler appoints new second deputy - Dubai Media office . en . Reuters . 2023-05-10.
  5. News: UAE: Sheikh Maktoum is new Minister of Finance and Deputy Prime Minister . 2021-09-26 . . 2022-01-16 . en.
  6. Book: Best of Dubai Vol 1. . Global Village Productions Ltd . 978-1-904566-71-7 . en.
  7. Web site: Company Formation in Dubai Knowledge Park . 2022-01-27 . kpi.co.
  8. News: Dh300 million-Knowledge Village in Dubai . 2003-10-19 . . 2023-01-31 . en.
  9. News: Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum named Dubai Deputy Ruler . 4 June 2013 . . 2 February 2008.
  10. News: Maktoum bin Mohammed honors winners of Arab Journalism Award . 2017-05-03 . . 2021-04-14 . en.
  11. News: Mohammed bin Rashid attends official ceremony to hand over title of 'Capital of Arab Media for 2020' to Dubai . 2020-01-15 . . 2021-04-14 . en.
  12. News: DIFC Boards . . 2021-03-05 . en.
  13. News: Sheikh Maktoum bin Mohammed bin Rashid al-Maktoum is chairman, DIFC . 2012-03-19. . 2021-03-05 . en.
  14. News: His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum . 2017-07-04 . Construction Week . 2022-03-29 . en.
  15. News: Maktoum bin Mohammed bin Rashid sworn in as President of Dubai Financial Audit Authority . 2018-05-27 . . 2023-01-31 . en.
  16. News: 2021-05-15 . Dubai: Sheikh Maktoum appointed Chairman of the Ruler's Court . en . . 2021-05-19.
  17. News: 2021-05-15 . Sheikh Maktoum bin Mohammed appointed 'Chairman of the Court of His Highness Ruler of Dubai' . en . . 2021-05-19.
  18. News: 2021-05-15 . Mohammed bin Rashid appoints Maktoum bin Mohammed as Chairman of Dubai Ruler's Court . en . . 2021-05-19.
  19. News: New law issued to set up Dubai Council to develop future development agenda . 2021-12-11 . . 2023-01-31 . en.
  20. News: Maktoum bin Mohammed announces new board of directors for DFM . 2021-11-03 . zawya.com . 2023-01-31 . en.
  21. News: Mohammed assigns Maktoum Bin Mohammed to oversee development of securities exchanges in Dubai . 2021-10-31 . . 2023-01-31 . en.
  22. News: Maktoum bin Mohammed to oversee development of securities exchanges in Dubai . 2021-10-31 . zawya.com . 2023-01-31 . en.
  23. Web site: Godinho . Varun . 2021-11-14 . Plans unveiled to list Salik road toll system on Dubai Financial Market . 2022-01-27 . . en-US.
  24. News: Dubai gets Creative Clusters Authority . 2015-06-15 . . 2023-01-31 . en.
  25. News: UAE Golden Jubilee: Spotlight on culture and heritage . 2021-12-02 . . 2023-01-31 . en.
  26. News: Maktoum bin Mohammed announces listing of 10 companies on DFM . 2021-11-01 . sharjah24.ae . 2023-01-31 . en.
  27. News: Dubai launches Dh1 billion Future District Fund . 2021-11-16 . Wamda . 2023-01-31 . en.
  28. Web site: 2021-10-24 . Sheikh Mohammed visits Hatta with 4 of his sons, unveils big plan for the region . 2022-01-27 . Emirates Woman . en.
  29. News: Maktoum Bin Mohammad: Following in his father's footsteps . 2019-06-05 . . 2021-04-16 . en.
  30. News: The Sons of HH Sheikh Mohammed bin Rashid Al Maktoum are Married! Here's Everything You Need to Know . 2019-05-16 . . 2021-03-03 . en.
  31. News: HH Sheikh Hamdan and His Brothers' Wedding Reception Date Has Been Revealed and It's Closer Than You Think . 2019-05-27 . . 2021-03-03 . en.
  32. News: Blog: An inside look at Al Maktoum royal wedding . 2019-06-06 . . 2021-03-03 . en.
  33. News: Video, pictures: UAE celebrates royal wedding reception in Dubai . 2019-06-06 . . 2021-03-03 . en.
  34. News: UAE celebrates Hamdan, Maktoum, Ahmad weddings . 2019-06-05 . . 2023-01-31 . en.
  35. News: Dubai Crown Prince Sheikh Hamdan congratulates brother Sheikh Maktoum on birth of baby girl . 2022-01-11 . . 2022-03-28 . en.
  36. News: Dubai: Sheikh Maktoum blessed with baby girl; royal siblings take to social media to wish him. 2023-01-26 . . 2023-01-26 . en.
  37. News: Sheikh Maktoum Welcomes His Third Daughter . 2023-01-26 . . 2023-01-26 . en.
  38. News: GEMS Students and Teachers Excel in Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum Cambridge Awards . 2010-04-19 . . 2023-01-31 . en.
  39. News: Student toppers in UAE honoured with top awards . 2005-03-09 . . 2023-01-31 . en.