Abu Dhabi Airports Co board revamped

Abu Dhabi Airports Co board revamped

Abu Dhabi has appointed a new board to lead its airport operator Abu Dhabi Airports Co (ADAC), the state news agency reported on Sunday, the latest in a series of management changes that began last year in the oil-rich emirate.

June 11, 2012 10:19 by Reuters

The new board was appointed under a decree issued by Abu Dhabi’s Crown Prince Sheikh Mohammed bin Zayed al-Nahayan and will be chaired by Majed Ali al-Mansouri, WAM said.

The new board will have a tenure of three years, the statement said, without citing a reason for these changes to the board.

Abu Dhabi, the wealthiest emirate in the seven-member United Arab Emirates federation, has been conducting strategic review measures of its government departments since 2011 to improve accountability in the public sector. It has also seen a shake-up of top management in strategic firm.

Board members in state-linked entities like Abu Dhabi Investment Authority (ADIA), Mubadala and Aldar Properties were revamped last year.

ADAC is overseeing the expansion of Abu Dhabi International Airport. Last month, ADAC said it had identified Arabtec Holding consortium that includes Greek and Turkish firms as the preferred bidder for an estimated $3 billion contract to expand the airport.

Mansouri is currently the chairman of the Abu Dhabi Municipal Affairs Department. He replaces Khalifa Mohamed al-Mazrouei.

(Reporting By Raissa Kasolowsky and Stanley Carvalho; Editing by Praveen Menon)