Yusuf Ali MA, chairman and managing director of the Lulu Group, has been selected as the Vice-chairman of a newly formed Board of Directors for the Abu Dhabi Chamber of Commerce and Industry (ADCCI). A press release by the Lulu Group International that operates retail businesses and hypermarkets across the Gulf countries and other countries has confirmed the news.
The decision has been taken when the crown prince of Abu Dhabi and deputy supreme commander of the United Arab Emirates armed forces Sheikh Mohammed Bin Zayed Al Nahyan, issued a resolution to strengthen ADCCI.
Abu Dhabi Chamber of Commerce and Industry is the apex government body of all businesses set up in Abu Dhabi. It works as an effective bridge between the government and the industrial sector. Any business opened in Abu Dhabi requires to be licensed by ADCCI.
ADCCI primarily consists of Emirati business owners and CEOs. Yusuf Ali is the only Indian on the 29-member board at ADCCI who will co-chair the board along with Abdullah Mohamed Al Mazrouei, as per the press release.
“It is truly a very humbling and proud moment in my life,” Yusuf Ali MA was quoted as commenting. “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.”
Yusuf Ali has been in the news lately as Sheikh Mohammed Bin Zayed Al Nahyan honoured him with the ‘Abu Dhabi Award 2021,’ the highest civilian honour he received for his nearly five-decade-long contributions in the fields of economic development and philanthropy.