In a major initiative to strengthen the future of family-owned enterprises, the Dubai Department of Economy and Tourism (DET), in partnership with the Dubai Centre for Family Businesses under Dubai Chambers, has officially launched a comprehensive guide titled Family Businesses in the Emirate of Dubai: A Guidebook. Unveiled during the opening session of the Centre’s Knowledge Series held at Dubai Chambers’ headquarters, the guide serves as a practical resource for sustaining and growing family-run companies across generations. The guidebook is designed to enhance governance, ensure legal continuity, and protect the wealth of family businesses in the emirate. It offers structured support to help families maintain control while preparing for future expansion and leadership succession.
Why Family Businesses Matter in Dubai?
Family businesses form the backbone of Dubai’s private sector, contributing significantly to employment, local investments, and long-term market resilience. Recognizing their crucial role, the Dubai government is taking proactive steps to ensure these enterprises are well-equipped to thrive under evolving economic conditions.
“Family businesses are a bedrock of Dubai’s economic progress,”
said Sahia Ahmad, CEO of Regulatory Policy and Governance at the Dubai Department of Economy and Tourism.
“They are vital in achieving the goals of the Dubai Economic Agenda, D33, which aims to double Dubai’s economy by 2033.”
What the Guidebook Covers?
The launch event, themed “Building a Lasting Legacy: The Future of Family Businesses in Dubai”, featured expert panels discussing legal, strategic, and innovation-focused approaches for family enterprises. The guidebook itself includes actionable insights across several key areas:
- Governance structures for better decision-making
- Succession and leadership planning across generations
- Wealth planning and family office models
- Ownership and taxation of real estate assets
- Conflict resolution frameworks and legal registration steps
- Digital innovation, government support, and philanthropy
Khalid AlJarwan, Vice President of Commercial and Corporate Services at Dubai Chambers, added:
“The guidebook reflects our commitment to promoting effective governance and implementing legal frameworks that ensure sustainable growth for family enterprises.”
Established in May 2023, the Dubai Centre for Family Businesses plays a pivotal role in supporting the long-term success of family-run enterprises. By publishing this guide, the Centre aims to educate, advise, and empower business families in line with Dubai’s economic development plans.
