Sultan Ahmed bin Sulayem

Sultan Ahmed bin Sulayem was born to The Sulayem family, one of Dubai's most prominent business and political families since the early 20th century. His father was a key advisor to Dubai's ruling Maktoum family.{{Cite news|last=Critchlow|first=Andrew|date=2009-10-21|title=Dubai Inc. Is in Need of Change at the Top|language=en-US|work=Wall Street Journal|url=https://www.wsj.com/articles/SB125605837214896881|access-date=2022-01-10|issn=0099-9660}}

He did graduation in economics from Temple University in Philadelphia.[http://www.greendubaiworldforum.org/speakers.html Dubai World corporate bio on Sulayem] {{Webarchive|url=https://web.archive.org/web/20081108080458/http://www.greendubaiworldforum.org/speakers.html|date=2008-11-08}}{{Cite web|title=Sultan Ahmed bin Sulayem - Agenda Contributor|url=https://www.weforum.org/agenda/authors/sultan-ahmed-bin-sulayem/|access-date=2022-01-10|website=World Economic Forum|language=en}}

Bin Sulayem worked as a customs officer at Dubai's port after graduating from college in the late 1970s. He was appointed by Sheikh Mohammed bin Rashid Al Maktoum to be chairman of the Jebel Ali Free Zone (JAFZA) in 1985.{{Cite web|title=Welcome to Dubai world - Feb. 21, 2008|url=https://money.cnn.com/2008/02/20/news/international/Dubai_djibouti.fortune/index.htm|access-date=2022-01-10|website=money.cnn.com}}{{Cite web |title=Jebel Ali Free Zone: Everything you need to know about Jafza |url=https://gulfnews.com/uae/jebel-ali-free-zone-everything-you-need-to-know-about-jafza-1.1577097555736 |access-date=2022-01-10 |website=gulfnews.com |date=14 January 2020 |language=en}} He oversaw its rapid expansion, with JAFZA growing from hosting 19 companies in the mid-1980s to roughly 7500 as of 2020.{{Cite web|title=Company Formation in Jebel Ali Free Zone (JAFZA) {{!}} KWSME|url=https://www.kwsme.com/jebel-ali-free-zone-company-formation-jafza/|access-date=2022-01-10|website=www.kwsme.com}}{{Cite web|title=Jebel Ali Free Zone: Everything you need to know about Jafza|url=https://gulfnews.com/uae/jebel-ali-free-zone-everything-you-need-to-know-about-jafza-1.1577097555736|access-date=2022-01-10|website=gulfnews.com|date=14 January 2020 |language=en}}

Bin Sulayem was made DP World chairman in 2007 and was appointed group chairman and CEO in February 2016.{{Cite web|title=Sultan Ahmed Bin Sulayem|url=https://www.dpworld.com/en/uae/about-us/leadership/leadership/sultan-ahmed-bin-sulayem|access-date=2022-01-10|website=www.dpworld.com}} Following the acquisition of British port operator Peninsular & Oriental Steam Navigation for $6.9 billion, DP World became the world’s third biggest port operator in 2010, and has remained in the top three since.{{Cite news|last=Timmons|first=Heather|date=2006-01-27|title=Dubai Tops Singaporean Offer in Bids for British Port Operator|language=en-US|work=The New York Times|url=https://www.nytimes.com/2006/01/27/business/worldbusiness/dubai-tops-singaporean-offer-in-bids-for-british.html|access-date=2022-01-10|issn=0362-4331}}{{Cite news|title=DP World becomes third-largest ports company|work=The Economic Times|url=https://economictimes.indiatimes.com/industry/transportation/shipping-/-transport/dp-world-becomes-third-largest-ports-company/articleshow/6503091.cms?from=mdr|access-date=2022-01-10}}{{Cite web|title=Dubai Port Operator DP World Sees Lasting Supply Disruptions|url=https://www.bloomberg.com/news/articles/2021-10-01/dubai-port-operator-dp-world-sees-lasting-supply-disruptions|access-date=2022-01-10|website=www.bloomberg.com}} DP World expanded its business in July 2021 with the purchase of American global logistics provider Syncreon Holdings for $1.2 billion.{{Cite web|date=2021-07-01|title=Port operator DP World buys US logistics firm in $1.2B deal|url=https://apnews.com/article/middle-east-health-coronavirus-pandemic-business-cb7c5d94014932d8c228132c7c2bfa8e|access-date=2022-01-10|website=AP NEWS|language=en}}

Bin Sulayem led DP World's property development subsidiary Nakheel until 2010, becoming a board member in 2020.{{Cite web|date=30 March 2010|title=Bin Sulayem replaced as Nakheel chairman|url=https://www.arabianbusiness.com/industries/real-estate/bin-sulayem-replaced-as-nakheel-chairman-152091|website=Arabian Business}}{{Cite news|date=2020-01-21|title=Dubai state fund chief to chair developer Nakheel|language=en|work=Reuters|url=https://www.reuters.com/article/nakheel-develop-management-idINL8N29Q2M2|access-date=2022-01-10}} The company was behind the construction of man-made islands in Dubai.{{Cite web|date=30 March 2010|title=Bin Sulayem replaced as Nakheel chairman|url=https://www.arabianbusiness.com/industries/real-estate/bin-sulayem-replaced-as-nakheel-chairman-152091|website=Arabian Business}} He helped establish and headed the DP World subsidiary private equity fund Istithmar World.{{Cite web|title=Isthmar World|url=https://www.bloomberg.com/profile/company/348714Z:UH|access-date=2022-01-10|website=www.bloomberg.com}}

He has been non-executive chairman of Virgin Hyperloop since 2018.{{Cite web |date=2018-11-12 |title=Sultan Bin Sulayem appointed chairman of Virgin Hyperloop One, DP World becomes largest investor |url=https://www.seatrade-maritime.com/asia/sultan-bin-sulayem-appointed-chairman-virgin-hyperloop-one-dp-world-becomes-largest-investor |access-date=2022-01-10 |website=Seatrade Maritime |language=en}} He is a board member of the Dubai Executive Council and the UAE Federal Tax Authority, as well as the Investment Corporation of Dubai (the emirate's sovereign wealth fund) until 2009.{{Cite web |date=2009-12-20 |title=Dubai Holding up to scrutiny |url=https://www.thenationalnews.com/business/dubai-holding-up-to-scrutiny-1.540320 |access-date=2022-01-10 |website=The National |language=en}}

He was awarded an honorary doctorate from Middlesex University in Dubai in 2008.{{Cite web|title=Middlesex University confers honorary doctorate on Sultan Bin Sulayem|url=https://www.albawaba.com/news/middlesex-university-confers-honorary-doctorate-sultan-bin-sulayem|access-date=2022-01-10|website=Al Bawaba|language=en}}

Bin Sulayem owns hotels on Nakheel's Palm islands, and a stake in a real estate brokerage company.{{cite news |last1=Kerr |first1=Simeon |title=Bin Sulayem exit ends tumultuous era |url=https://www.ft.com/content/b722858a-06ec-11e0-8c29-00144feabdc0 |access-date=20 March 2022 |work=Financial Times |date=13 December 2010}}

His son, Ahmed Sultan Bin Sulayem, is the chairman of the government-owned Dubai Multi Commodities Centre.

{{DEFAULTSORT:Bin Sulayem, Sultan Ahmed}}

Category:1955 births

Category:Living people

Category:Emirati businesspeople

Category:Temple University alumni

Category:Businesspeople from Dubai

Category:Asian Games bronze medalists in equestrian

Category:Equestrians at the 2006 Asian Games

Category:Asian Games bronze medalists for the United Arab Emirates

Category:Medalists at the 2006 Asian Games