- Highlights the Role of Private – Public Enterprises in Addressing Key Development Challenges
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, US, Sharaf urged 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, Sharaf encouraged the students to develop themselves and their communities in a way that speaks of their ideals, ethics and ambitions. In his speech, he said: “Every single one of you has a contribution to make. Your contributions 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, Sharaf inspired the students to learn from the challenges and changes in emerging markets. He 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. He also spoke about his experiences in Dubai where the state and the private sector work 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. Our priority in Dubai is to ensure 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,” Sharaf added.
Talking about projects that exemplify this approach, 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 per cent of the estimated US$10 billion total investment into DHCC.”
Earlier, Blair Sheppard, Dean of Fuqua School of Business, Duke University, introduced 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 top-tier leaders of consequence. His contributions to shaping the dynamic future of Dubai and its role in the world bring to our graduating students a fascinating perspective on the increasing global nature of businesses and the role of the individual in leading effective change."
One of the top business schools in the US, the Fuqua School of Business offers several innovative programmes to the student community, ranging from full time MBA courses to Cross Continent and Global Executive programmes.
