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Ahmad Sharaf delivers commencement speech to 400 MBA graduates at Fuqua School of Business, Duke University

  • United Arab Emirates: Thursday, May 15 - 2008 at 10:17
  • PRESS RELEASE

The private sector must dispel the notion that pursuing commercial interests precludes it from acting on its responsibilities to improve the lives of the less privileged said Ahmad Sharaf, Chairman of the Dubai Mercantile Exchange.

Delivering the commencement speech to 400 graduating MBA students at Fuqua School of Business, Duke University, in Durham, USA, Mr. Sharaf urged the students to seek positive change by leveraging the endless possibilities available to them in an increasingly connected and interdependent world.

Emphasizing the sweeping impact of their actions, Mr. Sharaf encouraged the students to develop themselves and their communities in a way that speaks to their ideals, their ethics and ambitions. In his speech, Mr. Sharaf said: "Every single one of you has a contribution to make and the contributions you make can benefit the world. You have the power, right now and in the years to come, to make change happen for better or for worse. For you, it's about getting out there every morning and getting it right - before someone else gets it wrong."

Sharing his own experiences, Mr. Sharaf's message to the students was to learn from the challenges and changes in emerging markets. Mr. Sharaf reminded them that today, more so than ever before, the private sector needs to rediscover its set of social responsibilities, make social investments, and improve the lives of its stakeholders. Mr. Sharaf spoke about his experiences in Dubai where the state and the private sector are working closely together to achieve a strategic vision of economic and environmental sustainability, in line with models of excellence and best practice.

"Tatweer and Dubai Holding have reinforced my belief that it is possible to pursue profit hand in hand with social progress. What consumes us in Dubai is ensuring that what we do today serves the needs of our people for generations to come - in education, healthcare and creating sustainable employment opportunities that inspire and challenge,"


Mr. Sharaf explained.

Talking about projects that exemplified this approach, Mr. Sharaf said, "Dubai Healthcare City is a unique model of a private-public partnership, with an entrepreneurial government and private sector jointly taking the lead in jump-starting investments in health care. While the government is providing the seed money to build the infrastructure, a 400-bed teaching hospital, and an integrated wellness center, the private sector is investing over 60% of the estimated $10bn total investment into DHCC."

Earlier, Blair Sheppard, Dean of Fuqua School of Business, Duke University, introduced Mr. Sharaf as the commencement speaker to the students. He said: "Given the nature of our world, there is no better candidate to speak to our graduating class than Mr. Sharaf."

Michael Hemmerich, Associate Dean for the Duke MBA added, "Mr. Sharaf is an ideal example of how we at Fuqua strive to produce global leaders of consequence. Mr. Sharaf's many activities in shaping the dynamic future of Dubai and its role in the world brings to our graduating students a fascinating perspective on the increasing global nature of business and the role of the individual in leading change."

One of the top business schools in the US, the Fuqua School of Business offers several innovative programs to the student community, ranging from full time MBA programs to Cross Continent and Global Executive programs.
Ahmad Sharaf at Duke University. 
Ahmad Sharaf at Duke University.
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About Tatweer:
Launched in December 2005, Tatweer is one of the region's most dynamic enterprises and a member of Dubai Holding. Comprising market-leading brands, it oversees an ambitious business development plan.

Its current portfolio is divided into Energy & Healthcare, Tourism & Entertainment, and Industry & Real Estate offerings. Its entities include Dubai Healthcare City, the region's hub for world-class quality healthcare services; Mizin, one of the most advanced real estate companies in the region; DUBAILANDŽ, one of the biggest leisure, entertainment and tourism destinations in the Middle East; Universal City DUBAILANDŽ, featuring Universal Studios DUBAILANDŽ as its centerpiece; DreamWorks DUBAILANDŽ, the first DreamWorks theme park in the world; Six Flags DUBAILANDŽ, the first Six Flags theme park outside North America; "Little Big Club", HIT Entertainment one of a kind project; "The Tiger Woods Dubai", an exclusive golf community that will include the first Tiger Woods designed golf course; Dubai Industrial City, an industrial township to develop Dubai as a leading manufacturing hub; BAWADIŽ, the world's leading hospitality and entertainment project hosting 51 luxury hotels and more than 60,000 hotel rooms; Dubai Energy, investing in regional and global energy opportunities and building a diversified investment portfolio; Dubai Mercantile Exchange, the first energy futures exchange in the Middle East set up in partnership with the New York Mercantile Exchange and Global Village, a premier family destination for culture, entertainment, cuisine and commerce.

Tatweer's entities continue to consolidate a group of life-improving industries in addition to pioneering joint venture initiatives with leading global conglomerates. They continuously strive for world-class performance, while implementing leadership development to drive and sustain business excellence, quality and high performance.

For Further Information:
Agency:
Aseel Nihad
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Jiwin the Exclusive Affiliate of Burson-Marsteller in the Middle East
Phone: +971-4-3613584

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