Dubai launches management programme to support family businesses

Dubai is taking further steps to ensure the sustainability and continuity of family businesses.

The Dubai Family Business Management Programme is the latest in a series of measures aimed at providing the best environment for family businesses to thrive.

The new initiative was announced by His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance of the UAE.

The programme has been launched in partnership with Mohammed bin Rashid Centre for Leadership Development.

"The programme is a step ahead to ensure the sustainability and continuity of family businesses over generations and is a reflection of our belief that sustainable investment at its core is based on advancing human capabilities and management competence," said Sheikh Maktoum.

It aims to empower and develop second-tier management skills among family business leaders, to ensure the continuity of these businesses, effective succession planning, and eventually better governance.

Applications to register for the programme can be submitted via the Mohammed bin Rashid Centre for Leadership Development's website.

His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance of the UAE: As part of the Dubai Centre for Family Businesses activities and in partnership with Mohammed Bin Rashid Center for Leadership… pic.twitter.com/ZJlxBs4Idd

— Dubai Media Office (@DXBMediaOffice) October 3, 2023

A group of second-tier management members will join the programme, which aims to enhance their global profile, raise their awareness of local and international regulations, enhance corporate governance and sustainability systems, develop global trade strategies and investments, and promote a culture of social responsibility in family businesses.

The programme will also help achieve the objectives of the Dubai Economic Agenda (D33)

The Dubai Centre for Family Businesses, working under the umbrella of Dubai Chambers, is responsible for ensuring the growth and sustainability of Dubai family businesses.

The Centre is tasked with developing an integrated strategy to support and grow family businesses and their ownership in the emirate.

His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance of the UAE launches the Dubai Family Business Management Programme, a project of the #Dubai Centre for Family Businesses, which operates… pic.twitter.com/qaFPIDolvw

— Dubai Media Office (@DXBMediaOffice) October 3, 2023