The Abu Dhabi Council for Economic Development (ADCED) was established by Law No. 9. in May 2006. Acting as an economic policy advisory council, ADCED was established to facilitate economic diversification and growth through creating greater understanding, cooperation and engagement between the public and private sectors of the emirate of Abu Dhabi.
The Abu Dhabi Council for Economic Development's Board of Directors is comprised of 16 members and includes representatives from the public sector, the private sector, the Abu Dhabi Chamber of Commerce and Industry (ADCCI), and the Businessmen Councils. Since July 2010, ADCED's new board is chaired by HE Nasser Ahmed Alsowaidi, Chairman of the Department of Economic Development (DED), Chairman of National Bank of Abu Dhabi (NBAD) and Chairman of Abu Dhabi Higher Corporation for Specialized Economic Zones (ZonesCorp). The Vice Chairman of the Board is HE Faraj Bin Hmouda Al Dhaheri, Chairman of Bin Hamoodah Group.