Sheikh Hamdan bin Rashid Al Maktoum, the deputy ruler of the Emirate of Dubai, died at the age of 75. Sheikh was UAE’s Finance Minister and the brother of the current ruler of Dubai, Sheikh Mohammed bin Rashid Al Maktoum. Sheikh Hamdan was the second son of late ruler Sheikh Rashid Bin Saeed Al Maktoum.
Sheikh Hamdan was raised in the Trucial States, which is a group of Arab sheikh-doms laterally in the southern seashore of the Persian Gulf that had been fragment of a British territory since 1820.
Sheikh Hamdan seized the position of Minister of Finance subsequently after his assortment in the first cabinet in 1971 upon UAE’s development by the deceased ruler, Sheikh Zayed Al Nahyan.
The late Sheikh is ascribed with spinning Dubai into a center of trade and business and with controlling Emirati entrustments to the International Monetary Fund and the Organization of the Petroleum Disseminating Countries Fund for international growth.
Sheikh Hamdan managed an extensive display of corporations reaching across Dubai’s economy, such as the Dubai Ports Authority, Dubai World Trade Center and Dubai Natural Gas Company Limited.
Like his brother, he made an immense name in horse racing competitions out of the UAE, establishing the Shadwell Racing in 1981, an action with a legacy of generating star thoroughbreds.