expectations

Why blocking next-gen succession in the Gulf is a zero-sum game

September 11, 2019

The coming decade will see a transition event hit a majority of family businesses in the Gulf Cooperation Council (GCC) region. This may represent a change of hands of business assets in excess of $1 trillion, according to the Family Business Council—Gulf.

In this context, family businesses in the region appear to be seeing decreasing levels of management or operational involvement by the next generation.

View from the Gulf: Overcoming succession fear itself

January 2, 2019

The Gulf has seen transition planning become a key area of focus in recent years. Across the region, transition-friendly systems and laws are being explored

The Gulf has seen transition planning become a key area of focus in recent years. Across the region, transition-friendly systems and laws are being explored, with fresh initiatives and platforms aimed at providing support to business and high net worth families.

Both the Dubai International Financial Centre and Abu Dhabi Global Market have family office and holding company regimes. The Abu Dhabi Chamber of Commerce and Industry is exploring the setup of a dedicated Family Business Leadership Centre.

The family business advantage: unconventional strategy

April 1, 2002

Family businesses have special traits that allow them to follow different, unconventional business strategies to those pursued by non-family firms – the advantages of trust within the business, ownership commitment and a longer term view all contribute to their strategic success