In line with the Abu Dhabi Government’s vision to increase the potential for private sector participation in the drive for economic development in the emirate, the “Abu Dhabi Airports Company” is in the process of putting its…
In line with the Abu Dhabi Government’s vision to increase the potential for private sector participation in the drive for economic development in the emirate, the “Abu Dhabi Airports Company” is in the process of putting its strategic plan into operation.
The company, whose board was recently appointed by the decree of General Sheikh Mohammed bin Zayed Al Nahyan, Abu Dhabi Crown Prince, Deputy Supreme Commander of the UAE Armed Forces and Chairman of the Abu Dhabi Executive Council, will be responsible for operating all airports within the Emirate as well as expanding aviation infrastructure to meet Abu Dhabi’s rapid development plans.
Sheikh Mohammed bin Zayed Al Nahyan, highlighted the importance of merging all efforts and strengthening the mutual cooperation between all departments in the Emirates, which will lead to increased efficiency of government performance and offer added value services. “The Abu Dhabi Government’s formation of a committee to restructure its institutions, is a first step to privatization of the public sector and put some government departments and JSC corporates on a sound economic basis outside government control.”
“Abu Dhabi has witnessed phenomenal growth in the last few years in all sectors,” said Khalifa Mohammed Al Mazroue, Chairman and Managing Director, “Abu Dhabi Airports Company”. “This highlights the importance of privatization to meet the Government of Abu Dhabi’s requirements. It is our role to ensure the high quality of service and infrastructure to meet the demands of the business community and the general population.”
“Abu Dhabi government recognizes that it needs the involvement of the private sector in the economic development process,” added Al Mazrouei, “and places full confidence in private enterprise to play a dynamic role in supporting the fast pace of development here.”
“Abu Dhabi Airports Company”, established under the Decrees issued by Sheikh Khalifa bin Zayed Al Nahyan, President of the United Arab Emirates and Ruler of Abu Dhabi, will be a public joint stock company (JSC) with a paid up capital of Dh 500 million, divided into 50 million shares, each with a nominal value of Dh 10.
The new company will be undertaking significant ongoing research to assess the requirements of the airports in order to develop short, medium and long term strategic plans.
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