"Ministry of Economy" register "Seaforce International" The first Indian family company in the Unified Register of Companies

ABU DHABI, 27 JULY / WAM / The Ministry of Economy and Tourism announced today the registration of “Silforce International”, a subsidiary of the “Raj” Group, which is headquartered in Dubai, as the first family company owned by an Indian family to be registered in the unified registry of family companies affiliated with the Ministry, in a step that reflects the strength of the country’s legislative and regulatory environment and its increasing attractiveness to global family companies.

The company’s registration certificate in the register was delivered in the presence of His Excellency Abdullah bin Touq Al Marri, Minister of Economy and Tourism. And Dr. Mustafa Sassa, Chairman of the Board of Directors and Managing Director of the “Raj” Group of Companies, after the company completed all registration procedures in accordance with Federal Decree Law No. “37” of 2022 regarding family companies.

His Excellency Abdullah bin Touq Al Marri stressed that this step embodies the success of economic and legislative policies in enhancing the attractiveness of the country’s markets for family businesses by providing an integrated legislative and institutional framework that contributes to their sustainability, raising their institutional efficiency, and ensuring their smooth transfer between generations in accordance with the best international practices, in a way that supports the competitiveness of the national economy and enhances the UAE’s position as a global destination for long-term business and investments.

His Excellency said that, thanks to the directives of its wise leadership, the UAE continues to establish an advanced legislative and regulatory environment that supports the growth and expansion of family businesses, as an essential partner in the process of economic development and a major driver of the economy based on knowledge and innovation. He pointed out that the country has provided an advanced regulatory framework to enhance the continuity of these companies, consolidate their governance, and ensure their smooth transition and continuity between generations in accordance with the best international practices, within a competitive business environment that provides broad opportunities for growth and expansion over more than 2000 years. Economic activity.

His Excellency added: The accession of the first Indian family-owned company to the unified register of family companies reflects the high level of confidence enjoyed by the national business environment, and confirms the flexibility of the legal frameworks regulating the work of family companies and their ability to adapt to economic changes, at a time when these companies today contribute 60% of the gross domestic product, employ about 80% of the workforce, and constitute approximately 90% of the total private companies in the country.

For his part, Dr. Mustafa Sasa said: Our company’s obtaining the accreditation of the Ministry of Economy and Tourism as a family company, becoming the first Emirati company owned by an Indian family in the UAE to obtain this accreditation, represents an important milestone in our decades-long journey, and an embodiment of the environment that supports the growth and sustainability of family businesses in the Emirates.

He added: The UAE has always been a home of opportunities and success, as its forward-looking vision and supportive business policies have contributed to enabling our family businesses to build a successful journey since 1958, expressing their appreciation to the Ministry of Economy and Tourism for its continuous support, and for launching the family business system that provides an integrated framework to preserve the legacy of these companies, and their sustainability and transmission between generations, in a way that enhances their ability to grow and expand and contribute to the process of development and prosperity witnessed by the UAE economy.

“Silforce International” is one of the oldest companies operating in the Emirates, as its history extends for more than 68 years since the founding of its parent company in Dubai in 1958, “Sasa Trading”, which established a family economic activity that extended to the following generations.

Based on this legacy, Silverforce International has developed into a leading diversified company, active in the areas of building materials and construction solutions, energy and water conservation, sustainable technology and products, real estate and property services, human capital and consulting, in addition to Global Positioning Systems (GPS) technology, electrical tools, industrial materials, cosmetics, and professional business services and solutions.

The company’s operations extend to the markets of the Middle East, Africa and India, reflecting its regional position and the diversity of its investments in vital economic and industrial sectors.

The addition of Silverforce International to the unified register of family businesses comes in conjunction with the country’s continued strengthening of its position as a major center for family businesses in the region, as the UAE ranked second in the Arab world in the number of family businesses included in the list of “The 100 Most Powerful Arab Family Businesses for the Year 2026” issued by Forbes Middle East magazine, as it acquires 31 companies on the list, including four companies out of the ten most powerful Arab family businesses.

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