Dubai Launches Family Business Management Programme to Foster Sustainability
Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister, and Minister of Finance of the UAE, inaugurated the Dubai Family Business Management Programme in collaboration with the Mohammed bin Rashid Centre for Leadership Development. This initiative, under the auspices of Dubai Chambers, aims to empower second-tier management in family businesses, ensuring their longevity, effective succession planning, and enhanced governance.
Sheikh Maktoum emphasized the significance of family businesses in Dubai’s economic landscape and stressed that sustainable investment is contingent on advancing human capabilities and management proficiency. The programme seeks to bolster the core systems of family businesses, equipping their management with comprehensive training packages to enhance competitiveness and contribute to Dubai’s future plans.
Abdul Aziz Abdulla Al Ghurair, Chairman of Dubai Chambers, highlighted the pivotal role of family businesses in the UAE economy. He underscored the programme’s focus on strengthening governance, preserving family legacies, and fortifying contributions to Dubai’s development. Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, affirmed the critical partnership between family businesses and Dubai’s comprehensive development plans.
The Dubai Family Business Management Programme will prepare second-tier competencies, bolstering business competitiveness and supporting Dubai’s position as a favored destination for enterprises. Participants will gain insights into global regulations, corporate governance, sustainability, and social responsibility practices.
The programme aligns with Dubai’s vision to become a leading hub for family businesses, contributing to their sustainability and continuity. It exemplifies Dubai Chambers’ commitment to nurturing businesses and sets an inspiring precedent for supporting family enterprises.
