Within Abu Dhabi Financial Week, an agreement was signed to employ artificial intelligence in the sustainability of family businesses

ABU DHABI, 9 December / WAM / The Abu Dhabi Family Business Council, affiliated with the Abu Dhabi Chamber of Commerce and Industry, today signed a cooperation agreement with the Mohammed bin Zayed University for Artificial Intelligence with the aim of developing innovative solutions that contribute to supporting the sustainability and growth of family businesses in the Emirate of Abu Dhabi by employing artificial intelligence technologies in the fields of management, governance, and decision-making.

The agreement was signed, on the sidelines of the Abu Dhabi Financial Week 2025, by His Excellency Khalid Abdul Karim Al Fahim, Chairman of the Abu Dhabi Family Business Council, and Professor Timothy Baldon, Academic Vice President at the Mohammed bin Zayed University for Artificial Intelligence, in the presence of a number of leaders and officials from both sides.

The partnership contributes to enhancing the readiness of family businesses for digital transformation, and enabling them to adopt artificial intelligence solutions in developing their operations and raising their operational efficiency, which supports the sustainability of their business and enhances their ability to compete in future sectors. It also aims to develop advisory tools based on artificial intelligence to support family businesses in improving their operational efficiency, raising levels of governance, and enhancing the ability to expand and grow.

The agreement also includes organizing workshops and specialized training programs aimed at transferring knowledge and enabling future generations of business leaders in family companies to understand modern technologies and employ them in developing their companies.

Under the agreement, the two parties will work to prepare a feasibility study to establish an integrated artificial intelligence system that serves the family business sector in Abu Dhabi, in addition to exploring joint opportunities to conduct applied research and develop advanced models in leadership succession planning and family capital management.

His Excellency Khalid Al Fahim, Chairman of the Abu Dhabi Family Business Council, said that this cooperation constitutes a qualitative step towards enabling family businesses to benefit from the rapid developments in artificial intelligence and enhance their readiness to compete in the economy of the future. The agreement comes in line with the Council’s vision of supporting the sustainability of family businesses and raising their institutional efficiency.

For his part, Professor Timothy Baldwin, Dean and Professor of Natural Language Processing at the Mohammed bin Zayed University for Artificial Intelligence, stressed that the partnership reflects the role of the Mohammed bin Zayed University for Artificial Intelligence in supporting priority sectors at the state level by employing artificial intelligence technologies.

He said that as the UAE continues to implement the National Strategy for Artificial Intelligence 2031, and Abu Dhabi moves to consolidate its position as the first government to fully adopt artificial intelligence in its various digital services within the framework of the Abu Dhabi Digital Government Strategy 2025-2027, the importance of enabling entities and institutions, including family companies that represent a basic pillar of the economy, to access specialized tools and expertise that enables them to harness the potential of artificial intelligence in order to achieve a broad positive impact and return clear value to society.

This agreement comes within the framework of the efforts of the Abu Dhabi Family Business Council to enhance the competitiveness of family businesses in the emirate, and to develop an innovation system capable of supporting business sustainability across generations, thus contributing to achieving the goals of the economic vision of the Emirate of Abu Dhabi.

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