Family-owned businesses comprise a majority of the UAE’s private sector and significantly contribute to Dubai’s non-oil GDP
The programme aims to transform 200 family business projects into major companies by 2030 with a market value exceeding Dhs150bn and annual revenue of Dhs18bn
The law is not applicable to family-owned businesses where non-family members own more than 40 per cent of shares
Adopting a robust governance framework offers a roadmap for businesses to move forward