Maktoum bin Mohammed Al Maktoum

Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum (Arabic: مكتوم بن محمد بن راشد آل مكتوم; born 24 November 1983) is an Emirati royal and politician who serves as 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] He served as deputy ruler alongside his uncle Sheikh Hamdan bin Rashid Al Maktoum until the latter's death in March 2021. Since then until 2023, he was the sole deputy ruler under his father Mohammed bin Rashid Al Maktoum's reign.[3] In April 2023, his younger brother Sheikh Ahmed bin Mohammed Al Maktoum was also named deputy ruler.[4] In September 2021, he was appointed deputy prime minister and finance minister of the UAE.[5]

In this Arabic name, the surname is Al Maktoum.
His Highness Sheikh
Maktoum bin Mohammed Al Maktoum
مكتوم بن محمد آل مكتوم
Sheikh Maktoum in 2012
Deputy Prime Minister of the United Arab Emirates
Assumed office
25 September 2021
PresidentKhalifa bin Zayed Al Nahyan
Mohamed bin Zayed Al Nahyan
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
Mohamed bin Zayed Al Nahyan
Prime MinisterMohammed bin Rashid Al Maktoum
Preceded byHamdan bin Rashid Al Maktoum
Deputy Ruler of Dubai
Assumed office
1 February 2008
Serving with Hamdan bin Rashid Al Maktoum (2008–2021) and Ahmed bin Mohammed Al Maktoum (2023–present)
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
Dubai, United Arab Emirates
Spouse
Maryam bint Butti bin Maktoum Al Maktoum
​
​
(m. 2019)​
ChildrenHind bint Maktoum Al Maktoum
Latifa bint Maktoum Al Maktoum
Shaikha bint Maktoum Al Maktoum
Parents
RelativesAl Falasi
Ruling Family of Dubai
Extended family
Extended family

Maktoum is also the chairman of Dubai Knowledge Park,[6] formerly known as Dubai Knowledge Village, inaugurated in 2003.[7][8]

Early life and education

Maktoum was born on 24 November 1983 in Dubai. 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 School for Boys, Dubai, and graduated from the American University in Dubai 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]

Career

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 the president and chairman of the higher board of governors of the Dubai International Financial Centre.[12][13][14]

Appointments

In 2017, he was appointed as Chairman of the Dubai Real Estate Corporation.[15]

In May 2018, he was sworn in as President of the Financial Audit Authority (FAA).[16]

On 15 May 2021, he was appointed as Chairman of the Ruler's Court.[17][18][12]

In 2021, Mohammed bin Rashid Al Maktoum, the ruler of Dubai,[19] assigned Maktoum bin Mohammed bin Rashid Al Maktoum to supervise the financial markets and stock exchanges in Dubai.[20][21][22] In November 2021, Maktoum bin Mohammed listed Dubai's road toll system Salik on the Dubai Financial Market.[23]

In May 2021, he was appointed as Chairman of the Court of the Ruler of Dubai.[18]

He was appointed Chairman of the Dubai Culture and Arts Authority (DCAA) in 2015.[24] The DCAA is also known as Dubai Culture and is tasked with managing the heritage of Dubai.[25]

Decisions as Minister of Finance

In November 2021, Maktoum formed the Dubai Markets Supervisory Committee, which he chairs, to develop strategy and policy for the Dubai Financial Market.[26]

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.[22] 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.[27]

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.[28]

Personal life

On 15 May 2019, he married Maryam bint Butti bin Maktoum Al Maktoum,[29] on the same day that his brothers Hamdan and Ahmed also married.[30] On 6 June 2019, he and his brothers celebrated the royal wedding together at the Dubai World Trade Center.[31][32][33] Together with his wife, he has three daughters:

  • Hind bint Maktoum Al Maktoum (born 24 November 2020).[34]
  • Latifa bint Maktoum Al Maktoum (born 11 January 2022).[35]
  • Shaikha bint Maktoum Al Maktoum (born 25 January 2023).[36][37]

Award

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.[38][39]

References
  1. Basit, Abdul (1 November 2010). "Best performing firms honoured". Khaleej Times. Retrieved 23 November 2010.
  2. "Sheikh Mohammed: A timeline of achievements". Gulf News. 2019-01-05. Retrieved 2021-04-16.
  3. "Dubai deputy ruler Sheikh Hamdan, prominent horse racing figure, dies". Reuters. 2021-03-24. Retrieved 2021-04-14.
  4. "Dubai ruler appoints new second deputy - Dubai Media office". Reuters. 2023-04-28. Retrieved 2023-05-10.
  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 [sic] in Dubai". Emirates News Agency. 2003-10-19. Retrieved 2023-01-31.
  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. "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.
  13. "DIFC Boards". Dubai International Financial Centre. Retrieved 2021-03-05.
  14. "Sheikh Maktoum bin Mohammed bin Rashid al-Maktoum is chairman, DIFC". MEED. 2012-03-19. Retrieved 2021-03-05.
  15. "His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum". Construction Week. 2017-07-04. Retrieved 2022-03-29.
  16. "Maktoum bin Mohammed bin Rashid sworn in as President of Dubai Financial Audit Authority". Emirates 24/7. 2018-05-27. Retrieved 2023-01-31.
  17. "Dubai: Sheikh Maktoum appointed Chairman of the Ruler's Court". Khaleej Times. 2021-05-15. Retrieved 2021-05-19.
  18. "Sheikh Maktoum bin Mohammed appointed 'Chairman of the Court of His Highness Ruler of Dubai'". Gulf News. 2021-05-15. Retrieved 2021-05-19.
  19. "New law issued to set up Dubai Council to develop future development agenda". Gulf News. 2021-12-11. Retrieved 2023-01-31.
  20. "Maktoum bin Mohammed announces new board of directors for DFM". zawya.com. 2021-11-03. Retrieved 2023-01-31.
  21. "Mohammed assigns Maktoum Bin Mohammed to oversee development of securities exchanges in Dubai". Gulf Today. 2021-10-31. Retrieved 2023-01-31.
  22. "Maktoum bin Mohammed to oversee development of securities exchanges in Dubai". zawya.com. 2021-10-31. Retrieved 2023-01-31.
  23. Godinho, Varun (2021-11-14). "Plans unveiled to list Salik road toll system on Dubai Financial Market". Gulf Business. Retrieved 2022-01-27.
  24. "Dubai gets Creative Clusters Authority". Emirates 24/7. 2015-06-15. Retrieved 2023-01-31.
  25. "UAE Golden Jubilee: Spotlight on culture and heritage". Gulf News. 2021-12-02. Retrieved 2023-01-31.
  26. "Maktoum bin Mohammed announces listing of 10 companies on DFM". sharjah24.ae. 2021-11-01. Retrieved 2023-01-31.
  27. "Dubai launches Dh1 billion Future District Fund". Wamda. 2021-11-16. Retrieved 2023-01-31.
  28. "Sheikh Mohammed visits Hatta with 4 of his sons, unveils big plan for the region". Emirates Woman. 2021-10-24. Retrieved 2022-01-27.
  29. "Maktoum Bin Mohammad: Following in his father's footsteps". Gulf News. 2019-06-05. Retrieved 2021-04-16.
  30. "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.
  31. "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.
  32. "Blog: An inside look at Al Maktoum royal wedding". Khaleej Times. 2019-06-06. Retrieved 2021-03-03.
  33. "Video, pictures: UAE celebrates royal wedding reception in Dubai". Gulf Business. 2019-06-06. Retrieved 2021-03-03.
  34. "UAE celebrates Hamdan, Maktoum, Ahmad weddings". Gulf News. 2019-06-05. Retrieved 2023-01-31.
  35. "Dubai Crown Prince Sheikh Hamdan congratulates brother Sheikh Maktoum on birth of baby girl". Gulf News. 2022-01-11. Retrieved 2022-03-28.
  36. "Dubai: Sheikh Maktoum blessed with baby girl; royal siblings take to social media to wish him". Khaleej Times. 2023-01-26. Retrieved 2023-01-26.
  37. "Sheikh Maktoum Welcomes His Third Daughter". Harper's Bazaar. 2023-01-26. Retrieved 2023-01-26.
  38. "GEMS Students and Teachers Excel in Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum Cambridge Awards". Al Bawaba. 2010-04-19. Retrieved 2023-01-31.
  39. "Student toppers in UAE honoured with top awards". Khaleej Times. 2005-03-09. Retrieved 2023-01-31.
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