DUBAI: Sheikh Hamdan bin Rashid Al Maktoum, deputy ruler of Dubai and the United Arab Emirates minister of finance, has died, his brother mentioned on Wednesday.
He was 75.
Sheikh Hamdan served as deputy chief of Dubai underneath his brother, Sheikh Mohammed bin Rashid Al Maktoum, the hereditary ruler of the city-state who additionally serves as prime minister and vice chairman of the United Arab Emirates.
Emirati officers introduced his loss of life with out specifying the trigger.
Sheikh Hamdan had been unwell for a number of months.
إنا لله وإنا إليه راجعون … رحمك الله يا أخي وسندي ورفيق دربي.. وأحسن مثواك .. وضعت رحالك عند رب كريم رحيم عظيم .. pic.twitter.com/xAw3rXIwoj
— HH Sheikh Mohammed (@HHShkMohd) March 24, 2021
Final fall, he flew overseas for an unspecified surgical procedure and in latest weeks his brother Sheikh Mohammed tweeted prayers for his restoration.
Born December 25, 1949, the second son of late ruler Sheikh Rashid Bin Saeed Al Maktoum, he grew up in what was often known as the Trucial States, a set of Arab sheikhdoms alongside the southern shore of the Persian Gulf that have been a part of a British protectorate since 1820.
When the UAE fashioned its first Cupboard in 1971, Sheikh Hamdan grew to become finance minister and held the publish till his loss of life, attracting overseas funding, managing the nation’s oil wealth and, alongside along with his brother, overseeing the transformation of Dubai right into a regional monetary hub.
He led Emirati delegations to the Worldwide Financial Fund and the Group of the Petroleum Exporting International locations (OPEC) Fund for worldwide improvement.
Sheikh Hamdan managed a wide selection of conglomerates reaching throughout Dubai’s economic system, such because the Dubai Ports Authority, Dubai World Commerce Middle and Dubai Pure Gasoline ?Firm Restricted.
Like his brother, he grew to become a giant title in horse racing out of the UAE, founding Shadwell Racing in 1981, an operation with a legacy of manufacturing star thoroughbreds.
