"Economy and tourism" and"Dubai for family companies" They are released

Dubai, May 4 / WAM / The Department of Economy and Tourism in Dubai issued, in partnership with the Dubai Family Companies Center, which works under the umbrella of Dubai Chambers, the Directory of Family Companies in Dubai, with the aim of identifying ways to protect the wealth of family companies in the emirate and maintain their sustainability in conjunction with supporting the growth of their operations currently and in the future.
According to a press release issued today, the guide was launched during the first symposium of the series of knowledge launched by the Dubai Family Companies Center, where the symposium was held at the headquarters of the Dubai Chambers in cooperation with the Dubai Department of Economics and Tourism, and it was titled “Building a Sustainable Herit for the Future of Family Companies.”
The symposium witnessed dialogue sessions that dealt with ways to establish the legacy of family companies and support their ability to innovate, in addition to reviewing the most prominent provisions of the Family Companies Law in the country, as well as the mechanisms and requirements of their registration in Dubai.
The guide provides an overview of the various options for family corporate structures, as well as several important axes that include the governance of family companies and family offices, as well as wealth planning, leadership succession, real estate ownership, tax considerations, in addition to conflict management and leveling, and government initiatives supporting family companies.
The guide also dealt with charitable works, their role in society and its importance for family companies, digital transformation, and procedures for registration of family companies in Dubai.
Sahaya Ahmed, Executive Director of the Regulatory Policy and Governance Sector in the Department of Economics and Tourism in Dubai, said that family companies are a basic pillar of the Dubai economic growth march, and plays a pivotal role in achieving the targets of the Dubai Economic Agenda “D33”, aimed at doubling the size of the emirate’s economy by 2033.

She added that these companies contribute to providing job opportunities, enhancing investment in local markets, supporting economic activity in the long term, as well as enhancing their continuity for successive generations of economic stability as well as maintaining Dubai World competitiveness.
She explained that the launch of this new guide reflects the department’s commitment to supporting family companies through targeted initiatives, organizational updates, and strategic partnerships.
For his part, Khaled Al -Jarwan, Vice President of Commercial and Institutional Services in the Chambers of Dubai, said that family companies contribute a pivotal role in the growth of the local economy and constitute an essential pillar of the development of sectors, and that the launch of the guide for family companies in the Emirate of Dubai within the first symposium of the series of knowledge, comes within the framework of the commitment of the Dubai Family Companies Center to enhance the adoption of effective governance and dependence on administrative and legal frameworks that are best suited by these companies, which supports Upgrading her business and sustaining her long -term growth for several generations.

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