Khalifa Bin Yousef Al Suwaidi UAE www.khalifabinyousef.ae

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Khalifa Bin Yousef Al Suwaidi National & Governmental Service 1928 – 1971 43 Years of Service Emirate of Abu Dhabi Trucial States Bani Yas United Tribal Confederation

Born in 1905 as the eldest son of Yousef Bin Ahmed Bin Obaid Al Suwaidi, Khalifa Bin Yousef belonged to the UAE’s generation of innovative pioneers and entrepreneurs. Khalifa Bin Yousef had remarkable contributions and roles within the establishment of the United Arab Emirates and had a strong impact on the political and economic life at that time, all of which was established within the Emirate of Abu Dhabi.

At the dawn of the 20th century, pearls were the oil of the UAE and shaped the country’s growth and development in trade and financing. As trade evolved and without direct lines of exchange with India, Abu Dhabi established trading routes with Bahrain. He originally sailed on a single Arabian Dhow, ‘Dar Al Salam.’ As the pearl industry slowed down and the economy evolved, he travelled there regularly to import rice, sugar, spices and consumables.

When the pearling era in Abu Dhabi came to an end, Khalifa Bin Yousef looked for new direction for his business. Imbued with an entrepreneurial spirit and strong business acumen, Khalifa Bin Yousef’s vision expanded across the global horizon. Soon he was representing major industries like British Petroleum (BP), Rothmans, Philips, Rainbow Milk, Palmolive, Vauxhall Motors and Bedford Motors.

His enterprising nature and skilled grasp of trading and finance helped establish and shape some of the most critical business, economic, and banking infrastructure in the United Arab Emirates.

Recognizing the importance of the financial sector in economic innovation and growth, Khalifa Bin Yousef suggested to the Ruler of Abu Dhabi, Sheikh Zayed Bin Sultan Al Nahyan that the time had come for the first National Bank, “Instead of investing in foreign banks, Abu Dhabi should have its own bank for its own people.”

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Khalifa Bin Yousef Al Suwaidi UAE www.khalifabinyousef.ae by Dr. Hamed Bin Mohamed Khalifa Al Suwaidi الدكتور حامد بن محمد خليفة السويدي - Issuu