Khaldoon Al Mubarak
Encyclopedia
H.E.
Khaldoon Khalifa Al Mubarak (born 1975 or 1976) is an Emirati
businessman.
Educated in the United States
, he entered a career in construction and real estate, becoming CEO of the Mubadala Development Company
. He sits on a number of boards
, including First Gulf Bank
and Aldar Properties
whilst he is a member of the Executive Council for the Emirate of Abu Dhabi
and chairman of Executive Affairs Authority.
Outside of the business world, he has been more commonly been known as the chairman of Manchester City Football Club
since the buyout of the club by the Abu Dhabi United Group
in September 2008.
, United Arab Emirates
but educated in America where he obtained a degree in Economics and Finance from Tufts University
, Boston, Massachusetts. His career began as a sales-executive at the Abu Dhabi National Oil Company.
and real estate
. After working at the oil company, he was employed by the UAE Offsets Group, where he held a number of positions within the company. Since then he has been Executive Vice President-Corporate at Dolphin Energy
. He is the CEO and managing director of government-owned investment company Mubadala Development
, whose projects include a $
5 billion aluminium plant in King Abdullah Economic City
. His company also owns significant stakes in other companies, including a 5% share in Ferrari
, a 8.1% share in AMD, a 7.5% share in the Carlyle Group
, and a share in General Electric
. In May 2005 he was appointed vice-chairman of Oasis International Leasing, an Abu Dhabi
based leasing company. Through Mubadala Development, Al Mubarak is chairman of the Imperial College London
Diabetes Center (ICLDC) which opened in Abu Dhabi in 2006, vice chairman of Piaggio Aero
, and vice chairman of LeasePlan. As well as this he sits on many boards
including ALDAR Properties
, Emirates Foundation
and First Gulf Bank
.
When the Abu Dhabi government was restructured in 2006, Al Mubarak became chairman of Executive Affairs Authority and a member of the Executive Council for the Emirate of Abu Dhabi
. He is also an Abu Dhabi Education Council member, a director of the Abu Dhabi Council for Economic Development (ABCED), and chairman of the Organization & Administration Department. Al Mubarak is co-chair of the United States Chamber of Commerce
's U.S.–U.A.E. Business Council, which was established in 2007, chairman of the Abu Dhabi Media Zone Authority, and vice chairman of the Abu Dhabi Urban Planning Council which was established in 2007.
for his contributions to economic relationships between Italy and the United Arab Emirites. Al Mubarak is a trusted aide
of the Crown Prince
Mohammed bin Zayed Al Nahyan
. As part of the takeover of Manchester City F.C.
by the Abu Dhabi United Group
, on September 21, 2008 it was reported Al Mubarak would replace Thaksin Shinawatra
as chairman. It was also reported that the takeover would be fully completed on September 24, 2008. As chairman of the Abu Dhabi Motor Sport Management Company, Al Mubarak was also a key figure in negotiating for the Grand Prix
. He was also influential in getting the FIFA Club World Cup
to be held in Abu Dhabi
. Al Mubarak is also a member of the Board of Trustees for New York University
, and is overseeing the development of a campus
in Abu Dhabi.
Excellency
Excellency is an honorific style given to certain members of an organization or state.Usually, people styled "Excellency" are heads of state, heads of government, governors, ambassadors, certain ecclesiastics, royalty, aristocracy, and military, and others holding equivalent rank .It is...
Khaldoon Khalifa Al Mubarak (born 1975 or 1976) is an Emirati
United Arab Emirates
The United Arab Emirates, abbreviated as the UAE, or shortened to "the Emirates", is a state situated in the southeast of the Arabian Peninsula in Western Asia on the Persian Gulf, bordering Oman, and Saudi Arabia, and sharing sea borders with Iraq, Kuwait, Bahrain, Qatar, and Iran.The UAE is a...
businessman.
Educated in the United States
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
, he entered a career in construction and real estate, becoming CEO of the Mubadala Development Company
Mubadala Development Company
Mubadala Development Company PJSC was established in October 2002 as a Public Joint Stock Company and is a wholly owned investment vehicle of the Government of Abu Dhabi, in the United Arab Emirates....
. He sits on a number of boards
Board of directors
A board of directors is a body of elected or appointed members who jointly oversee the activities of a company or organization. Other names include board of governors, board of managers, board of regents, board of trustees, and board of visitors...
, including First Gulf Bank
First Gulf Bank
First Gulf Bank is a publicly owned bank headquartered in Abu Dhabi, United Arab Emirates and owned by several sons of the late Sheikh Zayed bin Sultan Al Nahyan...
and Aldar Properties
Aldar Properties
Aldar Properties PJSC is a real estate development, management and investment company with headquarters in Abu Dhabi, United Arab Emirates...
whilst he is a member of the Executive Council for the Emirate of Abu Dhabi
Abu Dhabi (emirate)
Abu Dhabi, officially the Emirate of Abu Dhabi, , is one of seven emirates that constitute the United Arab Emirates . It is the capital of UAE and is the largest emirate by area , and second-largest by population , accounting for approximately 86% of the total land area of the UAE...
and chairman of Executive Affairs Authority.
Outside of the business world, he has been more commonly been known as the chairman of Manchester City Football Club
Manchester City F.C.
Manchester City Football Club is an English Premier League football club based in Manchester. Founded in 1880 as St. Mark's , they became Ardwick Association Football Club in 1887 and Manchester City in 1894...
since the buyout of the club by the Abu Dhabi United Group
Abu Dhabi United Group
The Abu Dhabi United Group for Development and Investment is a United Arab Emirates private equity company owned by Sheikh Mansour bin Zayed Al Nahyan, member of the Abu Dhabi Royal Family and Minister of Presidential Affairs for the UAE...
in September 2008.
Early life
Al Mubarak was born Abu DhabiAbu Dhabi
Abu Dhabi , literally Father of Gazelle, is the capital and the second largest city of the United Arab Emirates in terms of population and the largest of the seven member emirates of the United Arab Emirates. Abu Dhabi lies on a T-shaped island jutting into the Persian Gulf from the central western...
, United Arab Emirates
United Arab Emirates
The United Arab Emirates, abbreviated as the UAE, or shortened to "the Emirates", is a state situated in the southeast of the Arabian Peninsula in Western Asia on the Persian Gulf, bordering Oman, and Saudi Arabia, and sharing sea borders with Iraq, Kuwait, Bahrain, Qatar, and Iran.The UAE is a...
but educated in America where he obtained a degree in Economics and Finance from Tufts University
Tufts University
Tufts University is a private research university located in Medford/Somerville, near Boston, Massachusetts. It is organized into ten schools, including two undergraduate programs and eight graduate divisions, on four campuses in Massachusetts and on the eastern border of France...
, Boston, Massachusetts. His career began as a sales-executive at the Abu Dhabi National Oil Company.
Career
Al Mubarak is a businessman involved in constructionConstruction
In the fields of architecture and civil engineering, construction is a process that consists of the building or assembling of infrastructure. Far from being a single activity, large scale construction is a feat of human multitasking...
and real estate
Real estate
In general use, esp. North American, 'real estate' is taken to mean "Property consisting of land and the buildings on it, along with its natural resources such as crops, minerals, or water; immovable property of this nature; an interest vested in this; an item of real property; buildings or...
. After working at the oil company, he was employed by the UAE Offsets Group, where he held a number of positions within the company. Since then he has been Executive Vice President-Corporate at Dolphin Energy
Dolphin Energy
Dolphin Energy is a gas company of Abu Dhabi, United Arab Emirates. It was established in March 1999 by the Government of Abu Dhabi. As of today, Dolphin Energy is owned by Mubadala Development Company, on behalf of the Government of Abu Dhabi, , Total S.A...
. He is the CEO and managing director of government-owned investment company Mubadala Development
Mubadala Development Company
Mubadala Development Company PJSC was established in October 2002 as a Public Joint Stock Company and is a wholly owned investment vehicle of the Government of Abu Dhabi, in the United Arab Emirates....
, whose projects include a $
United States dollar
The United States dollar , also referred to as the American dollar, is the official currency of the United States of America. It is divided into 100 smaller units called cents or pennies....
5 billion aluminium plant in King Abdullah Economic City
King Abdullah Economic City
King Abdullah Economic City is a megaproject announced in 2005 by Abdullah bin Abdulaziz Al Saud, the king of Saudi Arabia.-Overview:...
. His company also owns significant stakes in other companies, including a 5% share in Ferrari
Ferrari
Ferrari S.p.A. is an Italian sports car manufacturer based in Maranello, Italy. Founded by Enzo Ferrari in 1929, as Scuderia Ferrari, the company sponsored drivers and manufactured race cars before moving into production of street-legal vehicles as Ferrari S.p.A. in 1947...
, a 8.1% share in AMD, a 7.5% share in the Carlyle Group
Carlyle Group
The Carlyle Group is an American-based global asset management firm, specializing in private equity, based in Washington, D.C. The Carlyle Group operates in four business areas: corporate private equity, real assets, market strategies and fund-of-funds, through its AlpInvest subsidiary...
, and a share in General Electric
General Electric
General Electric Company , or GE, is an American multinational conglomerate corporation incorporated in Schenectady, New York and headquartered in Fairfield, Connecticut, United States...
. In May 2005 he was appointed vice-chairman of Oasis International Leasing, an Abu Dhabi
Abu Dhabi
Abu Dhabi , literally Father of Gazelle, is the capital and the second largest city of the United Arab Emirates in terms of population and the largest of the seven member emirates of the United Arab Emirates. Abu Dhabi lies on a T-shaped island jutting into the Persian Gulf from the central western...
based leasing company. Through Mubadala Development, Al Mubarak is chairman of the Imperial College London
Imperial College London
Imperial College London is a public research university located in London, United Kingdom, specialising in science, engineering, business and medicine...
Diabetes Center (ICLDC) which opened in Abu Dhabi in 2006, vice chairman of Piaggio Aero
Piaggio Aero
Piaggio Aero Industries is an aircraft manufacturing company born from the former Rinaldo Piaggio SPA, an Italian company. The company is one of the world's oldest airplane manufacturers, and its planes have been well known from the early days of aviation history.Today, Piaggio Aero Industries is...
, and vice chairman of LeasePlan. As well as this he sits on many boards
Board of directors
A board of directors is a body of elected or appointed members who jointly oversee the activities of a company or organization. Other names include board of governors, board of managers, board of regents, board of trustees, and board of visitors...
including ALDAR Properties
Aldar Properties
Aldar Properties PJSC is a real estate development, management and investment company with headquarters in Abu Dhabi, United Arab Emirates...
, Emirates Foundation
Emirates Foundation
Emirates Foundation is an Abu Dhabi-based foundation established by Amiri decree in 2005 by order of His Highness Sheikh Mohammed Bin Zayed Al Nahyan, Abu Dhabi Crown Prince. The foundation describes itself as...
and First Gulf Bank
First Gulf Bank
First Gulf Bank is a publicly owned bank headquartered in Abu Dhabi, United Arab Emirates and owned by several sons of the late Sheikh Zayed bin Sultan Al Nahyan...
.
When the Abu Dhabi government was restructured in 2006, Al Mubarak became chairman of Executive Affairs Authority and a member of the Executive Council for the Emirate of Abu Dhabi
Abu Dhabi (emirate)
Abu Dhabi, officially the Emirate of Abu Dhabi, , is one of seven emirates that constitute the United Arab Emirates . It is the capital of UAE and is the largest emirate by area , and second-largest by population , accounting for approximately 86% of the total land area of the UAE...
. He is also an Abu Dhabi Education Council member, a director of the Abu Dhabi Council for Economic Development (ABCED), and chairman of the Organization & Administration Department. Al Mubarak is co-chair of the United States Chamber of Commerce
United States Chamber of Commerce
The United States Chamber of Commerce is an American lobbying group representing the interests of many businesses and trade associations. It is not an agency of the United States government....
's U.S.–U.A.E. Business Council, which was established in 2007, chairman of the Abu Dhabi Media Zone Authority, and vice chairman of the Abu Dhabi Urban Planning Council which was established in 2007.
Personal life
In 2007, Al Mubarak was made Commander of the Star of the Order of the Italian SolidarityOrder of the Star of Italian Solidarity
The Order of the Star of Italian Solidarity was founded as national order by the first President of the Italian Republic, Enrico De Nicola, in 1947, to recognise civilian and military expatriates or foreigners who made an outstanding contribution to the reconstruction of Italy after World War...
for his contributions to economic relationships between Italy and the United Arab Emirites. Al Mubarak is a trusted aide
Aide
Aide may refer to:* A person who assists another; an assistant. In military contexts; an officer who acts as assistant to a more senior one; an aide-de-camp.* Aide , a purported Basque deity....
of the Crown Prince
Crown Prince
A crown prince or crown princess is the heir or heiress apparent to the throne in a royal or imperial monarchy. The wife of a crown prince is also titled crown princess....
Mohammed bin Zayed Al Nahyan
Mohammed bin Zayed Al Nahyan
Mohammed bin Zayed bin Sultan Al Nahyan is the Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces .-Political and business career:...
. As part of the takeover of Manchester City F.C.
Manchester City F.C.
Manchester City Football Club is an English Premier League football club based in Manchester. Founded in 1880 as St. Mark's , they became Ardwick Association Football Club in 1887 and Manchester City in 1894...
by the Abu Dhabi United Group
Abu Dhabi United Group
The Abu Dhabi United Group for Development and Investment is a United Arab Emirates private equity company owned by Sheikh Mansour bin Zayed Al Nahyan, member of the Abu Dhabi Royal Family and Minister of Presidential Affairs for the UAE...
, on September 21, 2008 it was reported Al Mubarak would replace Thaksin Shinawatra
Thaksin Shinawatra
Thaksin Shinawatra is a Thai businessman and politician, who was Prime Minister of Thailand from 2001 to 2006, when he was overthrown in a military coup....
as chairman. It was also reported that the takeover would be fully completed on September 24, 2008. As chairman of the Abu Dhabi Motor Sport Management Company, Al Mubarak was also a key figure in negotiating for the Grand Prix
Abu Dhabi Grand Prix
The Abu Dhabi Grand Prix is a Formula One race. It was announced in early 2007 at the Abu Dhabi F1 Festival in the United Arab Emirates...
. He was also influential in getting the FIFA Club World Cup
2009 FIFA Club World Cup
-Play-off for Quarter-finals:-Quarter-finals:-----Semi-finals:-----Match for fifth place:-Match for third place:-Final:-Scorers:4 goals Denilson...
to be held in Abu Dhabi
Abu Dhabi
Abu Dhabi , literally Father of Gazelle, is the capital and the second largest city of the United Arab Emirates in terms of population and the largest of the seven member emirates of the United Arab Emirates. Abu Dhabi lies on a T-shaped island jutting into the Persian Gulf from the central western...
. Al Mubarak is also a member of the Board of Trustees for New York University
New York University
New York University is a private, nonsectarian research university based in New York City. NYU's main campus is situated in the Greenwich Village section of Manhattan...
, and is overseeing the development of a campus
Satellite campus
A satellite campus or branch campus is a campus of a college or university that is physically detached from the main university or college area, and is often smaller than the main campus of an institution....
in Abu Dhabi.