DUBAI, The UAE Cabinet today announced it has approved a decision to restructure the Board of Directors of the Emirates Capital Fund LLC, Emirates Capital Fund LLC, chaired by H.H. Sheikh Hamed bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs.

The Cabinet said that the decision was taken to help strengthen Emirates Capital Fund LLC’s role and enable the agency to search for “different and distinguished investment opportunities at the local, regional and international levels, in order to enhance and diversify the UAE economy and advance development in various sectors.”

The decision is also part of continuous efforts to develop the workflow in federal government agencies by reshuffling their boards, the Cabinet added.