Sultan Ahmed Al Jaber

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Sultan Ahmed Al Jaber
Portrait of Sultan Ahmed al Jaber Bloomberg.jpg
Al Jaber in 2019 at the Bloomberg Emerging & Frontier Forum
Born (1973-08-31) August 31, 1973 (age 48)
NationalityUnited Arab Emirates
Education
TitleMinister of Industry and Advanced Technology in the United Arab Emirates

UAE Special Envoy for Climate Change

ADNOC Managing Director and Group CEO

Sultan Ahmed Al Jaber (Arabic: سلطان أحمد الجابر, born August 31, 1973) is the Minister of Industry and Advanced Technology in the United Arab Emirates, the Managing Director and Group CEO of the Abu Dhabi National Oil Company (ADNOC Group),[1] the Chairman of Masdar, and the United Arab Emirate's special envoy for climate change.[2]

Early life and education[]

Al Jaber was born on 31 August 1973 in the United Arab Emirates.[3] He holds a BSc in Chemical Engineering from the University of Southern California the United States and a PhD in business and economics from Coventry University in the United Kingdom and an MBA from the California State University at Los Angeles.[4] His education in the United States was financed by a scholarship provided by the Abu Dhabi National Oil Company (ADNOC).[5]

Business career[]

Abu Dhabi National Oil Company[]

Main article: Abu Dhabi National Oil Company

Al Jaber began his career as an engineer at ADNOC.[6] He was appointed as the CEO of Abu Dhabi National Oil Company (ADNOC) on 15 February 2016.[7][8] In February 2019 Al Jaber signed a $4 billion agreement with BlackRock and KKR to invest in the development of midstream oil pipeline infrastructure.[9][10] A consortium of six companies signed an agreement in July 2020 to invest $20.7 billion in ADNOC infrastructure assets. It was the single-largest energy infrastructure investment ever in the Middle East, and the largest in the world for 2020 at the time.[11][12] Al Jaber led the first IPO of an ADNOC business, ADNOC Distribution (ADNOCDIST:UH)[13] in 2017.[14]

As head of ADNOC, Al Jaber has sought to increase ADNOC's output of crude oil from 3 million barrels of oil a day in 2016 to 5 million by 2030. The Financial Times wrote that Al Jaber's attempts to increase oil output was "particularly stark" given that he holds the role of climate tsar in the UAE and given that fossil fuel industries have pressure to reduce output in order to mitigate climate change.[5] ADNOC is one of few oil companies in the world to make a substantial investment to increase oil production amid growing pressure to reduce output due to climate change, which according to Al Jaber is necessary as oil and gas continues to power the world economy and to prevent price shocks in natural gas and oil caused by premature cuts in investment. In an effort to adapt to climate needs, ADNOC is planning the large scale production of hydrogen fuel as a clean energy fuel to replace oil exports.[15]

Masdar[]

Main article: Masdar

Al Jaber was involved in establishing Masdar in 2006, serving as the CEO of DB Masdar Clean Tech Fund L.P., Masdar Institute of Science and Technology and Masdar Venture Capital.[16] He has been the Chairman of Masdar since March 2014[17] and served as CEO and Managing Director before.[18]

Board positions[]

Al Jaber is chairman of the Emirates Development Bank,[19][20] the board of trustees of the Mohamed bin Zayed University of Artificial Intelligence,[21][22] and the Abu Dhabi Media company.[23] He is a member of the Emirates Diplomatic Academy Board of Trustees.[24] He was the chairman of the board for the Abu Dhabi Ports from 2009 until 2019,[25][26][27] the Abu Dhabi Media Investment Corporation (ADMIC)[28][29] and Sky News Arabia.[30] He was on the boards of ALDAR Sorouh,[31] Emirates Global Aluminium,[32] and ZonesCorp.[33]

Minister of State of the United Arab Emirates[]

On 12 March 2013, Al Jaber was named Minister of State and joined the United Arab Emirates Council of Ministers. Al Jaber's appointment was approved by Sheikh Khalifa bin Zayed Al Nahyan, the UAE's president. Speaking of the appointment of Al Jaber and other ministers, Mohammed bin Rashid Al Maktoum, the UAE’s Vice President and Prime Minister and Ruler of Dubai, said the new cabinet has “young faces with new ideas and energy to keep up with the rapid changes and to deal with our people’s top priorities."[34] Al Jaber's responsibilities include UAE’s economy, politics, development, media, energy, infrastructure and sustainability.[35] He held his position as Minister of State until July 2020, when he was appointed as minister of Industry and Advanced Technology.[36][37][38]

In July 2020 Al Jaber was appointed Minister of Industry and Advanced Technology. The new ministry, itself established in July 2020.[39][40] In November 2020 he was appointed to be the special envoy for climate change to represent the UAE in all international forums on this issue.[2][41]

Energy and climate change[]

In 2009, Al Jaber was appointed by United Nations Secretary General Ban Ki-Moon[42] to his (AGECC),[43] which published its final report in 2010.[44][45] The recommendations from this report formed the basis of the Sustainable Energy for All initiative launched in 2011.[45]

In 2008, Al Jaber spearheaded the establishment of The Zayed Future Energy Prize, an annual US$4 million award funded by the United Arab Emirates to recognize excellence in renewable energy and sustainability.[46] In 2018 the award was renamed the Zayed Sustainability Prize.[47][48][49][50]

Honors[]

In 2013 Al Jaber was appointed Commander of the Order of the British Empire (CBE).[51] In that year he also received Mauritania's Medal of the National Order of Merit.[52] In 2019, he received the “International Lifetime Achievement Award” from Prime Minister Narendra Modi of India.[53]

References[]

  1. ^ "Smart Growth". The Business Year. Retrieved 2020-04-04.
  2. ^ a b Reuters Staff (2020-11-29). "CORRECTED-UAE cabinet approves new cybersecurity body, climate change envoy". Reuters. Retrieved 2020-12-08.
  3. ^ "من هو سلطان أحمد الجابر". arageek.com. 24 October 2020.
  4. ^ "Members Of The Cabinet". Cabinet of the United Arab Emirates. Archived from the original on 27 January 2016. Retrieved 2016-01-19.
  5. ^ a b Raval, Anjli; Kerr, Simeon (2021-01-18). "Adnoc defies retreat from oil with push to pump up output". Financial Times. Retrieved 2021-10-16.
  6. ^ "Q&A: View from the top: HE Dr Sultan Ahmed Al Jaber | Energy Focus". energyfocus.the-eic.com. Retrieved 2020-11-29.
  7. ^ Crooks, Ed (3 March 2019). "Sultan Al Jaber: changing the mindset of a 50-year-old institution". www.ft.com. Retrieved 2020-12-08.
  8. ^ "Sultan Al Jaber: New man at Adnoc helm has the right energy mix". The National. Retrieved 2020-12-08.
  9. ^ Turak, Natasha (2019-02-24). "BlackRock and KKR clinch $4 billion infrastructure investment deal with ADNOC in regional first". CNBC. Retrieved 2020-12-08.
  10. ^ "Adnoc CEO: Deal with Blackrock and KKR 'just the beginning'". CNBC. 2019-02-25. Retrieved 2020-12-08.
  11. ^ "Abu Dhabi state oil firm announces $20.7 billion energy infrastructure deal". Ocean Energy Resources. 2020-07-06. Retrieved 2020-12-08.
  12. ^ "Global Infrastructure Partners: ADNOC Announces $20.7 Billion Energy Infrastructure Deal". Bloomberg.com. 2020-06-23. Retrieved 2020-12-08.
  13. ^ "ADNOCDIS:Abu Dhabi Stock Quote - Abu Dhabi National Oil Co for Distribution PJSC". Bloomberg.com. Retrieved 2020-12-14.
  14. ^ Carvalho, Stanley (2017-12-08). "Abu Dhabi's ADNOC Distribution fuel firm IPO raises $851 mln". Reuters. Retrieved 2020-12-14.
  15. ^ Reed, Stanley (2021-10-30). "A Major Persian Gulf Oil Producer Tries to Burnish Its Climate Credentials". The New York Times. ISSN 0362-4331. Retrieved 2021-10-31.
  16. ^ "Global Energy Forum Speakers". Atlantic Council. 2016-11-23. Retrieved 2020-04-09.
  17. ^ "New chairman, CEO for Masdar". www.tradearabia.com. 2014-03-20. Retrieved 2020-04-04.
  18. ^ "Sultan Ahmed Al Jaber Ph.D.: Executive Profile & Biography - Bloomberg". www.bloomberg.com. Retrieved 2018-03-18.
  19. ^ "Sheikh Mohammed reshuffles UAE cabinet, merges ministries, creates new entitites". gulfnews.com. Retrieved 2021-01-03.
  20. ^ "UAE cabinet restructures Emirates Development Bank board". gulfnews.com. Retrieved 2021-01-03.
  21. ^ "World's first artificial intelligence university to open in Abu Dhabi". The National. Retrieved 2021-01-03.
  22. ^ Staff Reporter. "MBZUAI opens admissions cycle for Fall 2021 cohort". Khaleej Times. Retrieved 2021-01-03.
  23. ^ "Abu Dhabi Media - Board Members". admedia.ae. Retrieved 2021-01-03.
  24. ^ "EGA's Board of Directors - HE Dr Sultan Ahmed Al Jaber". EGA. Retrieved 2021-01-03.
  25. ^ "Abu Dhabi Ports Company board reconstituted". www.tradearabia.com. Retrieved 2018-03-18.
  26. ^ "Al Ahbabi named Abu Dhabi Ports Chairman". tradearabia.com. Retrieved 2021-01-03.
  27. ^ "Falah Al Ahbabi appointed Chairman of Abu Dhabi Ports". wam. Retrieved 2021-01-03.
  28. ^ "Arabic edition of Sky News to air from Abu Dhabi". العربية نت. 2010-11-30. Retrieved 2020-04-09.
  29. ^ "Abu Dhabi Media Investment Corp". www.bloomberg.com. Retrieved 2020-04-09.
  30. ^ "Sky News launches in UAE". The National. Retrieved 2018-03-18.
  31. ^ "Aldar board to undergo changes". The National. Retrieved 2018-03-18.
  32. ^ "H.E. Dr. Sultan Ahmed Al Jaber | EGA". EGA. Retrieved 2018-09-04.
  33. ^ "His Excellency Dr Sultan Al Jaber Gets Cabinet Seat". Masdar.ac.ae. Masdar. Retrieved 18 March 2015.
  34. ^ "'New young faces' for UAE Cabinet as Sheikh Mohammed unveils reshuffle". The National. 12 March 2013. Retrieved 15 April 2013.
  35. ^ "Members Of The Cabinet". uaecabinet.ae. Retrieved 2018-09-02.
  36. ^ "UAE cabinet appoints new heads of Emarat Petroleum and Emirates Development Bank". Al Arabiya English. 2020-08-03. Retrieved 2020-12-24.
  37. ^ John, Issac. "Al Jaber calls for concerted efforts to speed up 4IR transition". Khaleej Times. Retrieved 2020-12-24.
  38. ^ "UAE's new Ministry of Industry and Advanced Technology forms work strategy". The National. Retrieved 2020-12-24.
  39. ^ "UAE Minister of Industry and Advanced Technology lays out future direction of sustainable economic growth at Industrial Coordination Council". www.zawya.com. Retrieved 2020-11-29.
  40. ^ "Public-private partnership key to boosting UAE's industrial progress". www.gulftoday.ae. Retrieved 2020-11-29.
  41. ^ "Dr Sultan Al Jaber appointed UAE special envoy for climate change". The National. Retrieved 2020-12-08.
  42. ^ "Remarks at Fourth World Future Energy Summit". United Nations Secretary-General. 2011-01-17. Retrieved 2020-04-13.
  43. ^ "UAE energy expert to advise UN chief". The National. 2009-06-19. Retrieved 2020-04-13.
  44. ^ "Dr. Sultan Ahmed Al Jaber". Huffington Post. Retrieved 31 January 2013.
  45. ^ a b "Energy Pathways toward Sustainable Future to 2050 and beyond" (PDF). Division for Sustainable Development Goals Department of Economic and Social Affairs United Nations. 2018. Retrieved 2020-04-13.
  46. ^ "His Excellency Dr. Sultan Ahmed Al Jaber". Aldar. Retrieved 18 March 2015.
  47. ^ "Zayed Sustainability Prize launched". gulfnews.com. Retrieved 2020-12-24.
  48. ^ Patnaik, Rhonita. "Zayed Future Energy Prize rebranded Zayed Sustainability Prize". Technical Review Middle East (in Polish). Retrieved 2020-12-24.
  49. ^ "The Zayed Sustainability Prize: its impact a decade on". The National. Retrieved 2020-12-24.
  50. ^ "Zayed Future Energy prize is now Zayed Sustainability Prize". The National. Retrieved 2020-12-24.
  51. ^ "Speaker Details: Oil & Money 2017". www.oilandmoney.com. Retrieved 2018-09-02.
  52. ^ "Masdar's CEO Receives Mauritania's Order of National Merit Medal". masdar.ae. Retrieved 2018-09-02.
  53. ^ "Indian PM Narendra Modi gives ADNOC CEO the "International". 11 February 2019. Retrieved 10 January 2021.
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