He heads the Abu Dhabi Council for Economic Development (ADCED),[67][68][69] and is the Deputy Chairman of the Abu Dhabi Investment Authority (ADIA).[70] He is the chairman of the Mubadala Development Company[5] (an Emirati state-owned holding company that can be characterized as a sovereign wealth fund)[67][71] and the Deputy Chairman of the Abu Dhabi Investment Authority (the Sovereign wealth fund of Abu Dhabi).[72][8] He is the head of the Tawazun Economic Council, formerly known as UAE offsets programme bureau established in 1992[73] and is the head of the Abu Dhabi Department of Education and Knowledge which was established in 2005.[74][75]