Caliph ibn Zayd al-Nahayan

Article

May 28, 2022

Khalifa ibn Zayed ibn Sultan Al Nahyan (arab. خليفة بن زايد بن سلطان آل نهيان‎; September 7, 1948, Al Ain, Trucial Oman - May 13, 2022, Abu Dhabi - United Arab Emirates) Emirates from November 2 and 3, 2004 (respectively) to May 13, 2022. He was one of the richest people in the world with a fortune of $15 billion, according to Forbes magazine, and the fortune of his family members is estimated at $150 billion. In addition, he oversaw the investment fund Abu Dhabi Investment Authority, the capitalization of which, according to various estimates, reaches $876 billion (for 2008).

Biography

Early biography and origins

He was born on September 7, 1948 in the city of Al Ain in a country that was then called Trucial Oman. Eldest son of the first President of the United Arab Emirates, Zayed Al Nahyan (1918-2004).

Crown Prince

In February 1967 he was appointed Crown Prince of the Emirate of Abu Dhabi. Before being elected president of the UAE, he ruled the largest emirate of Abu Dhabi, where 80% of the UAE's oil reserves are located. He also chaired the UAE Supreme Council for Petroleum Affairs. He headed the Abu Dhabi Development Fund (ADFD) and the Abu Dhabi sovereign wealth fund ADIA. In 1971, after the formation of the UAE, he became Prime Minister of Abu Dhabi, Minister of Defense of Abu Dhabi and Minister of Finance of Abu Dhabi. On December 23, 1973, he became Second Deputy Prime Minister of the United Arab Emirates, and on January 20, 1974, Chairman of the Executive Council of Abu Dhabi. In May 1976, he became Deputy Commander of the UAE Armed Forces. Since 1980, he headed the Supreme Council for the Oil Industry. He was the head of environmental research and contributed to the development of the Wildlife Agency (ERWDA).

Board

On November 3, 2004, after the death of his father, he became the second president of the United Arab Emirates. The policy of his rule is assessed as pro-Western, reform-oriented. In April 2005, by his decree, he made a 100% increase in wages for all employees of the state. The tallest building in the world, at the stage of construction was named "Burj Dubai", on the opening day on January 4, 2010, was named in honor of the President of the United Arab Emirates "Burj Khalifa". Such a "gift" was made to the President of the UAE 3 weeks before