Mohammed Ali Al Shorafa Al Hammadi is the appointed member of the Abu Dhabi Executive Council-Chairman of the Abu Dhabi Department of Economic Development (ADDED). He has a wealth of management experience in the private sector, combined with his dynamic leadership style and board memberships at vital and prominent Abu Dhabi governmental and semi-governmental organisations, including Abu Dhabi Executive Council, in which he was a board member in 2019.
Al Shorafa’s exemplary skills, knowledge and background have put him in a unique position to actively contribute to the emirate’s economic success. He concurrently heads ADDED’s Abu Dhabi Investment Office (ADIO), which is concerned with the development of investment plans and programmes aimed at attracting further local and foreign investments to Abu Dhabi. ADIO is tasked to help ensure the sustainability of the emirate’s investment environment and promote it as an attractive local, regional and international investment hub.
Apart from his roles at ADDED, he is also the chairman of the Khalifa Fund for Enterprise Development (KFED), a socio-economic development entity under the Abu Dhabi Government that seeks to enhance and support the entrepreneurial ventures of UAE citizens. KFED performs its mandate by extending the needed consultation and financial support to Emirati entrepreneurs and facilitating the ease of doing business in the country. The fund further helps grow the investments of UAE nationals, especially those who are involved in micro, small and medium enterprises (MSMEs).
Al Shorafa has also been named the chairman of the board of directors of Hub71, a key initiative of the Abu Dhabi Government’s development accelerator programme, Ghadan 21. Formed in pursuant to a resolution of the Executive Committee of the Executive Council issued in January 2020, Hub71 seeks to attract technology start-ups and grow and scale the tech ecosystem in Abu Dhabi to create new jobs of the future. Its role is pivotal given its more profound and wider socio-economic impact on the emirate of Abu Dhabi and the UAE in general.
He is chairman of the board of directors of the Abu Dhabi Securities Exchange (ADX) as well. Under this capacity, he oversees the development of ADX’s strategy based on innovation, investment attractiveness and transparency. As chairman, his main objective is to position ADX’s as a preferred regional destination for listings and trading, making sure that it becomes one of the key pillars of Abu Dhabi’s economic strength and sustainable development.
Al Shorafa was appointed vice-chair of Etihad Aviation Group. In this capacity, he will contribute to enhance the group competitiveness within the global markets, by streamlining operations, implementing initiatives and programmes aimed at improving the operating performance of the group’s business.
With his roles and accomplishments, Al Shorafa was named by Arabian Business, in partnership with Bombardier. as one of the world’s most powerful Arabs in 2019. He holds an MBA from London Business School and has completed various executive programs from reputable global institutions such as MIT Sloan, Citibank Global Asset Management and Harvard Business School in Boston. He was part of Harvard’s Senior Executive Leadership Programme.