Abu Dhabi Family Businesses Employ 80% of Workforce, New Council Launched
Abu Dhabi launches Family Business Council to support succession planning and guide future CEOs, as family firms dominate private sector employment.
By Vadim Kouznetsov, published
In a significant revelation at the Abu Dhabi Business Week, family-owned businesses have emerged as the backbone of employment in Abu Dhabi, providing jobs to 80% of the emirate’s workforce. This announcement came from Shamis Ali Al Dhaheri, second vice-chairman of the Abu Dhabi Chamber.
Strategic Support for Family Businesses
The Abu Dhabi Family Business Council, launched in early 2024, marks a pivotal step in supporting these vital enterprises. The council’s primary focus centres on:
- Guiding succession planning strategies
- Preparing future generations for leadership roles
- Identifying key business priorities
- Developing innovative solutions for growth
- Supporting investment opportunities
Impact on UAE’s Private Sector
The influence of family businesses extends beyond Abu Dhabi. According to the Dubai Chamber, family enterprises represent:
- 90% of private companies across the UAE
- More than 70% of private sector employment
- A substantial portion of the nation’s economic output
Future-Forward Initiatives
“Family owners should explore the laws which will bring them great advantages in succession,” states Al Dhaheri, highlighting the government’s proactive approach. The Abu Dhabi government has implemented several programmes focusing on:
- Education initiatives for next-generation leaders
- Shareholder development programmes
- Strategic business succession planning
Investment in Innovation
Board member Khalid Al Fahim emphasises that family businesses maintain their competitive edge by:
- Investing in technology firms
- Supporting startup ecosystems
- Adapting to market changes
- Contributing to economic growth
This comprehensive support system positions Abu Dhabi’s family businesses for sustained success while fostering economic stability and growth in the region.
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