emirates7 - The Dubai Department of Economy and Tourism has teamed up with the Dubai Centre for Family Businesses, which is part of Dubai Chambers, to introduce a new guidebook for family businesses in Dubai.
Titled ‘Family Businesses in the Emirate of Dubai: A Guidebook,’ this comprehensive resource is designed to help safeguard the wealth of family businesses in Dubai and ensure their long-term sustainability, while also supporting the expansion of their operations both in the present and the future.
The guidebook was unveiled during the inaugural event of the centre’s ‘Knowledge Series’ initiative, hosted at Dubai Chambers’ headquarters. This event, in collaboration with the Dubai Department of Economy and Tourism, was centered on the theme ‘Building a Lasting Legacy: The Future of Family Businesses in Dubai.’
The session featured panel discussions that focused on strategies for preserving the legacy of family businesses and boosting their capacity for innovation. It also covered important aspects of the UAE Family Business Law, including the procedures and criteria for registering family businesses in Dubai.
The guidebook provides a thorough overview of various structural options for family businesses, addressing areas such as corporate governance, family offices, wealth planning, leadership succession, real estate ownership, and tax considerations. Additionally, it touches on topics such as conflict management, government initiatives for family businesses, the role of philanthropy in these enterprises, digital transformation, and the steps involved in registering family businesses in Dubai.
Sahia Ahmad, CEO of Regulatory Policy and Governance at the Dubai Department of Economy and Tourism, emphasized the crucial role family businesses play in Dubai’s economic growth. She noted that family businesses are essential in achieving the goals of the Dubai Economic Agenda, D33, which aims to double Dubai's economy by 2033. She highlighted how these businesses jobs, invest locally, and contribute to long-term economic stability and global competitiveness. Ahmad also stressed that the guidebook's launch reflects the commitment to supporting family businesses through targeted initiatives, regulatory improvements, and strategic collaborations.
Khalid AlJarwan, Vice President of Commercial and Corporate Services at Dubai Chambers, highlighted the critical role of family businesses in driving the growth of the local economy and their importance in various sectors. He noted that the guidebook’s launch during the first ‘Knowledge Series’ session underscores the Dubai Centre for Family Businesses’ dedication to promoting sound governance and the adoption of efficient administrative and legal frameworks, which will help improve business performance and ensure sustainable growth for family businesses across generations.
Titled ‘Family Businesses in the Emirate of Dubai: A Guidebook,’ this comprehensive resource is designed to help safeguard the wealth of family businesses in Dubai and ensure their long-term sustainability, while also supporting the expansion of their operations both in the present and the future.
The guidebook was unveiled during the inaugural event of the centre’s ‘Knowledge Series’ initiative, hosted at Dubai Chambers’ headquarters. This event, in collaboration with the Dubai Department of Economy and Tourism, was centered on the theme ‘Building a Lasting Legacy: The Future of Family Businesses in Dubai.’
The session featured panel discussions that focused on strategies for preserving the legacy of family businesses and boosting their capacity for innovation. It also covered important aspects of the UAE Family Business Law, including the procedures and criteria for registering family businesses in Dubai.
The guidebook provides a thorough overview of various structural options for family businesses, addressing areas such as corporate governance, family offices, wealth planning, leadership succession, real estate ownership, and tax considerations. Additionally, it touches on topics such as conflict management, government initiatives for family businesses, the role of philanthropy in these enterprises, digital transformation, and the steps involved in registering family businesses in Dubai.
Sahia Ahmad, CEO of Regulatory Policy and Governance at the Dubai Department of Economy and Tourism, emphasized the crucial role family businesses play in Dubai’s economic growth. She noted that family businesses are essential in achieving the goals of the Dubai Economic Agenda, D33, which aims to double Dubai's economy by 2033. She highlighted how these businesses jobs, invest locally, and contribute to long-term economic stability and global competitiveness. Ahmad also stressed that the guidebook's launch reflects the commitment to supporting family businesses through targeted initiatives, regulatory improvements, and strategic collaborations.
Khalid AlJarwan, Vice President of Commercial and Corporate Services at Dubai Chambers, highlighted the critical role of family businesses in driving the growth of the local economy and their importance in various sectors. He noted that the guidebook’s launch during the first ‘Knowledge Series’ session underscores the Dubai Centre for Family Businesses’ dedication to promoting sound governance and the adoption of efficient administrative and legal frameworks, which will help improve business performance and ensure sustainable growth for family businesses across generations.