Fahad Al Gergawi Named UAE Undersecretary of Foreign Trade
Fahad Al Gergawi has been appointed as the Undersecretary of the Ministry of Foreign Trade in the UAE, following a federal decree from President Sheikh Mohamed bin Zayed Al Nahyan. This new role highlights Al Gergawi’s extensive experience in promoting foreign investment and economic development within the region.
Professional Background
Al Gergawi is currently the Chief Executive Officer of the Dubai Investment Development Agency (Dubai FDI), where he has been instrumental in steering the agency towards its strategic goals. His leadership focuses on enhancing foreign direct investment opportunities in Dubai, making the emirate a prime destination for global investors.
In addition to his role at Dubai FDI, Al Gergawi has held significant positions in international organizations. He served as President of the World Association of Investment Promotion Agencies (WAIPA) from 2019 to 2021 and is an active member of the World Economic Forum’s Expert Network. His contributions extend to chairing the Organising Committee of Dubai Investment Week, a key event for the global investment community, and serving on the Advisory Board of Modul University Dubai.
Educational Qualifications
Al Gergawi holds a bachelor’s degree in Communication from the United Arab Emirates University. He is also a graduate of the Mohammed bin Rashid Program for Leadership Development, which is designed to cultivate future leaders in the UAE. Furthermore, he is a member of the Young Arab Leaders organization, reflecting his commitment to fostering leadership among youth in the region.
FAQs
What is Fahad Al Gergawi’s new role?
Fahad Al Gergawi has been appointed as the Undersecretary of the Ministry of Foreign Trade in the UAE, focusing on enhancing foreign investment in the country.
What previous positions has Al Gergawi held?
He has served as the CEO of Dubai Investment Development Agency and was the President of the World Association of Investment Promotion Agencies from 2019 to 2021.
What educational background does Al Gergawi have?
Al Gergawi holds a bachelor’s degree in Communication from the United Arab Emirates University and is a graduate of the Mohammed bin Rashid Program for Leadership Development.
Conclusion
Fahad Al Gergawi’s appointment as Undersecretary of the Ministry of Foreign Trade marks a significant step in the UAE’s efforts to strengthen its economic landscape. With his extensive experience and leadership skills, he is expected to play a crucial role in attracting foreign investments and promoting trade opportunities in the region.
Al Gergawi’s appointment comes at a time when the UAE is actively seeking to diversify its economy beyond oil dependency. The country has been implementing various initiatives aimed at enhancing its global trade relations and positioning itself as a leading hub for international business. The Ministry of Foreign Trade plays a vital role in these efforts, focusing on policies that facilitate trade, improve market access, and foster a favorable investment climate. Al Gergawi’s extensive background in investment promotion is expected to align with these strategic objectives.
The UAE has made significant strides in recent years to enhance its attractiveness to foreign investors. Initiatives such as the introduction of 100% foreign ownership in certain sectors, the establishment of free trade zones, and the implementation of various economic reforms have contributed to a more business-friendly environment. Al Gergawi’s leadership is anticipated to further these initiatives, ensuring that the UAE remains competitive in the global market. His experience with Dubai FDI, where he successfully attracted numerous international companies, positions him well to drive similar successes at the national level.
Moreover, Al Gergawi’s involvement in international organizations and forums underscores the UAE’s commitment to engaging with global partners. His role in the World Association of Investment Promotion Agencies and the World Economic Forum’s Expert Network allows him to leverage international best practices and insights, which can be beneficial in shaping the UAE’s foreign trade policies. As the country navigates the complexities of the global economy, Al Gergawi’s expertise will be crucial in fostering collaboration and enhancing the UAE’s standing as a key player in international trade.
Also Read:
UAE Unveils Initiatives to Boost Global Leadership
