The crown prince of Abu Dhabi and deputy supreme commander of the United Arab Emirates armed forces Sheikh Mohammed Bin Zayed Al Nahyan, has issued a resolution to form a new board of directors for the influential Abu Dhabi Chamber of Commerce and Industry (ADCCI).
According to a press release by the LuLu Group International, it will be chaired by Abdullah Mohamed Al Mazrouei and with prominent Indian businessman Yusuffali MA as the vice-chairman.
Yusuffali is the chairman and managing director of the LuLu Group which operates retail businesses and hypermarkets across the Gulf countries and other regions. ADCCI is the apex government body of all businesses established in Abu Dhabi and functions as a bridge between the government and business sector.
Each of the business establishments in Abu Dhabi, one of the wealthiest and most influential economic hubs in the region, has to be licensed by ADCCI. Yusuffali is the only Indian on the 29-member board, which primarily has Emirati business owners and CEOs.
Commenting on the appointment Yusuffali said: “It is truly a very humbling and proud moment in my life. My sincere gratitude to the visionary leadership of this great country and I will strive to do my best towards justifying the great responsibility entrusted upon me. Apart from working for the growth of Abu Dhabi economy and the larger business community, I will sincerely work towards further boosting the Indo-UAE trade relations.”
Sheikh Mohammed had recently honoured Yusuffali with the ‘Abu Dhabi Award 2021’, the highest civilian honour for his almost five-decade long contributions in the fields of economic development and philanthropy.