Abu Dhabi, Tuesday 5 October 2010: In its first meeting held on September 7, 2010, the newly formed Board of Directors of the Abu Dhabi Council for Economic Development (ADCED) appointed Fahad Saeed Al Raqbani as the Council's new Director General.
Fahad joined (ADCED) in June 2008 as Deputy Director General, and ever since he has been leading his team to actively contribute in achieving Abu Dhabi's economic progress, in close partnership with the private sector and based on the goals set out in the Abu Dhabi Economic Vision 2030.
Fahad's previous experience includes working with Mubadala Development Company and the Offset Program Bureau (UAE Offsets Group), from which he has gained profound expertise in areas such as international project finance and project management. Fahad has also developed a stakeholders approach in dealing with both financial and government institutions.
Fahad is closely connected to the world of business. He is a Board Member of a number of companies including General Holding Corporation, Waha Capital, Siraj Finance, Tanqia, Algerian Utilities International Limited, Al Hikma Development Company, SKH in Algeria and Addax Bank in Bahrain.
In view of his expertise in international project finance and project management, Fahad has played an active part in major projects. In 2007, he led the project financing team at Emirates Aluminum to secure $4.9 billion financing for the aluminum smelter in Taweelah. He was also part of the UWEC $1.2 billion desalination and power plant in Fujairah, and the $3.45 billion Construction Phase Financing for Dolphin Energy.
Fahad holds a Masters Degree in Finance and Risk Management from The Lille Graduate School of Management, France, and a Bachelor Degree in International Economics from The American University of Paris.
In addition to Arabic, he speaks English and French.
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© Press Release 2010
