Maktoum bin Mohammed Al Maktoum

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Maktoum bin Mohammed Al Maktoum
Sheikh Maktoum.jpg
Deputy Prime Minister of the United Arab Emirates
Assumed office
25 September 2021
PresidentKhalifa bin Zayed Al Nahyan (2021–2022)
Mohamed bin Zayed Al Nahyan (2022–present)
Prime MinisterMohammed bin Rashid Al Maktoum
Preceded byHamdan bin Zayed Al Nahyan &
Sultan bin Zayed bin Sultan Al Nahyan
Minister of Finance
Assumed office
25 September 2021
PresidentKhalifa bin Zayed Al Nahyan (2021–2022)
Mohamed bin Zayed Al Nahyan (2022–present)
Prime MinisterMohammed bin Rashid Al Maktoum
Preceded byHamdan bin Rashid Al Maktoum
Deputy Ruler of Dubai
Assumed office
1 February 2008
MonarchMohammed bin Rashid Al Maktoum
Preceded byHamdan bin Mohammed Al Maktoum
Chairman of the Court of HH Ruler of Dubai
Assumed office
15 May 2021
MonarchMohammed bin Rashid Al Maktoum
Preceded byOffice established
Personal details
Born
Maktoum bin Mohammed bin Rashid Al Maktoum

(1983-11-24) 24 November 1983 (age 38)
Dubai, United Arab Emirates
Spouse(s)
Maryam bint Butti bin Maktoum Al Maktoum
(m. 2019)
ChildrenHind bint Maktoum Al Maktoum
Latifa bint Maktoum Al Maktoum
Parents
RelativesAl Falasi
Styles of
Deputy Ruler of Dubai
Coat of arms of Dubai.svg
Reference styleHis Highness
Spoken styleYour Highness

Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum (Arabic: مكتوم بن محمد آل مكتوم; born 24 November 1983) is the 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][3] He served as deputy ruler alongside his uncle Sheikh Hamdan bin Rashid Al Maktoum until the latter's death in March 2021. Since then, he has been the sole deputy ruler under his father Mohammed bin Rashid Al Maktoum's reign.[4] In September 2021, he was appointed Deputy Prime Minister and Finance Minister of the UAE.[5]

Maktoum bin Mohammed bin Rashid Al Maktoum is also the Chairman of Dubai Knowledge Park,[6] formerly known as Dubai Knowledge Village,[7] inaugurated in 2003.[8]

Biography[edit]

Maktoum was born on 24 November 1983 in Dubai.[2] 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 Private School, Dubai, and graduated from the American University in Dubai[2] with a bachelor's degree in Business Administration in 2005. He attended numerous training courses in the Dubai School of Government, as well as Harvard University.[9]

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 chairman of the higher board of governors of the Dubai International Financial Centre.[12][13]

On 15 May 2019, he married Maryam bint Butti Al Maktoum,[14] on the same day that his brothers Hamdan and Ahmad also married.[15] On 6 June 2019, he and his brothers celebrated the royal wedding together at the Dubai World Trade Center.[16][17][18] Together with his wife, he has a daughter named Hind bint Maktoum bin Mohammed bin Rashid Al Maktoum. She was born on 24 November 2020; her father's thirty-seventh birthday.[19] Their second daughter Latifa was born in January 2022.[20]

Appointments[edit]

In 2017, he was appointed as Chairman of the Dubai Real Estate Corporation.[21]

In May 2018, he was sworn in as President of the Financial Audit Authority (FAA).[22]

On 15 May 2021, he was appointed as Chairman of the Ruler's Court.[23][24][25]

In 2021, Mohammed bin Rashid Al Maktoum, the ruler of Dubai,[26] assigned Maktoum bin Mohammed bin Rashid Al Maktoum to supervise the financial markets and stock exchanges in Dubai.[27][28][29] In November 2021, Maktoum bin Mohammed listed Dubai's road toll system Salik on the Dubai Financial Market.[30]

In May 2021, he was appointed as Chairman of the Court of the Ruler of Dubai.[24]

He was appointed Chairman of the Dubai Culture and Arts Authority (DCAA) in 2015.[31] The DCAA is also known as Dubai Culture and is tasked with managing the heritage of Dubai.[32]

Decisions as Minister of Finance[edit]

In November 2021, Maktoum formed the Dubai Markets Supervisory Committee, which he chairs, to develop strategy and policy for the Dubai Financial Market.[33]

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.[29] 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.[34]

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.[35]

Award[edit]

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.[36][37]

References[edit]

  1. ^ Basit, Abdul (1 November 2010). "Best performing firms honoured". Khaleej Times. Retrieved 23 November 2010.
  2. ^ a b c "Dubai Designates Crown Prince and Deputy Ruler". WikiLeaks. 12 February 2008. Retrieved 15 April 2016.
  3. ^ "Sheikh Mohammed: A timeline of achievements". Gulf News. 2019-01-05. Retrieved 2021-04-16.
  4. ^ "Dubai deputy ruler Sheikh Hamdan, prominent horse racing figure, dies". Reuters. 2021-03-24. Retrieved 2021-04-14.
  5. ^ "UAE: Sheikh Maktoum is new Minister of Finance and Deputy Prime Minister". Khaleej Times. 2021-09-26. Retrieved 2022-01-16.
  6. ^ Best of Dubai Vol 1. Global Village Productions Ltd. ISBN 978-1-904566-71-7.
  7. ^ "Company Formation in Dubai Knowledge Park". kpi.co. Retrieved 2022-01-27.
  8. ^ "Dh300 million-Knowledge Village innaugurated in Dubai". wam. Retrieved 2022-01-27.
  9. ^ "Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum named Dubai Deputy Ruler". Khaleej Times. 2 February 2008. Retrieved 4 June 2013.
  10. ^ "Maktoum bin Mohammed honors winners of Arab Journalism Award". Emirates 24/7. 2017-05-03. Retrieved 2021-04-14.
  11. ^ "Mohammed bin Rashid attends official ceremony to hand over title of 'Capital of Arab Media for 2020' to Dubai". Dubai Press Club. 2020-01-15. Retrieved 2021-04-14.
  12. ^ "DIFC Boards". Dubai International Financial Centre. Retrieved 2021-03-05.
  13. ^ "Sheikh Maktoum bin Mohammed bin Rashid al-Maktoum is chairman, DIFC". MEED. 2012-03-19. Retrieved 2021-03-05.
  14. ^ "Maktoum Bin Mohammad: Following in his father's footsteps". Gulf News. 2019-06-05. Retrieved 2021-04-16.
  15. ^ "The Sons of HH Sheikh Mohammed bin Rashid Al Maktoum are Married! Here's Everything You Need to Know". Vogue. 2019-05-16. Retrieved 2021-03-03.
  16. ^ "HH Sheikh Hamdan and His Brothers' Wedding Reception Date Has Been Revealed and It's Closer Than You Think". Vogue. 2019-05-27. Retrieved 2021-03-03.
  17. ^ "Blog: An inside look at Al Maktoum royal wedding". Khaleej Times. 2019-06-06. Retrieved 2021-03-03.
  18. ^ "Video, pictures: UAE celebrates royal wedding reception in Dubai". Gulf Business. 2019-06-06. Retrieved 2021-03-03.
  19. ^ "UAE celebrates Hamdan, Maktoum, Ahmad weddings". Gulf News. 6 June 2019.
  20. ^ "Dubai Crown Prince Sheikh Hamdan congratulates brother Sheikh Maktoum on birth of baby girl". Gulf News. 2022-01-11. Retrieved 2022-03-28.
  21. ^ "His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum". Construction Week. 2017-07-04. Retrieved 2022-03-29.
  22. ^ WAM. "Maktoum bin Mohammed bin Rashid sworn in as President of Dubai Financial Audit Authority - News - Emirates - Emirates24|7". www.emirates247.com. Retrieved 2022-01-27.
  23. ^ "Dubai: Sheikh Maktoum appointed Chairman of the Ruler's Court". Khaleej Times. 2021-05-15. Retrieved 2021-05-19.
  24. ^ a b "Sheikh Maktoum bin Mohammed appointed 'Chairman of the Court of His Highness Ruler of Dubai'". Gulf News. 2021-05-15. Retrieved 2021-05-19.
  25. ^ "Mohammed bin Rashid appoints Maktoum bin Mohammed as Chairman of Dubai Ruler's Court". Government of Dubai Media Office. 2021-05-15. Retrieved 2021-05-19.
  26. ^ "New law issued to set up Dubai Council to develop future development agenda". gulfnews.com. Retrieved 2022-01-27.
  27. ^ "Maktoum bin Mohammed announces new board of directors for DFM". www.zawya.com. Retrieved 2022-01-27.
  28. ^ "Sheikh Mohammed assigns Maktoum Bin Mohammed to oversee development of securities exchanges in Dubai". www.gulftoday.ae. Retrieved 2022-01-27.
  29. ^ a b "Maktoum bin Mohammed to oversee development of securities exchanges in Dubai". www.zawya.com. Retrieved 2022-01-27.
  30. ^ Godinho, Varun (2021-11-14). "Plans unveiled to list Salik road toll system on Dubai Financial Market". Gulf Business. Retrieved 2022-01-27.
  31. ^ Wam. "Dubai gets Creative Clusters Authority - News - Government - Emirates24|7". www.emirates247.com. Retrieved 2022-01-27.
  32. ^ "UAE Golden Jubilee: Spotlight on culture and heritage". gulfnews.com. Retrieved 2022-01-27.
  33. ^ "Maktoum bin Mohammed announces listing of 10 companies on DFM". www.sharjah24.ae. Retrieved 2022-01-27.
  34. ^ "Dubai launches Dh1 billion Future District Fund". Wamda. Retrieved 2022-01-27.
  35. ^ "Sheikh Mohammed visits Hatta with 4 of his sons, unveils big plan for the region". Emirates Woman. 2021-10-24. Retrieved 2022-01-27.
  36. ^ "GEMS Students and Teachers Excel in Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum Cambridge Awards". Al Bawaba. Retrieved 2022-01-27.
  37. ^ Reporter, A. Staff. "Student toppers in UAE honoured with top awards". Khaleej Times. Retrieved 2022-01-27.

External links[edit]