Executive Summary
Family businesses have existed for centuries from the time man started to trade and has evolved over periods helping people to build a livelihood by providing services. In the current scenario, family businesses are the crux of revenue generation for the world. There are estimates of about 70-90 % of the world’s GDP being contributed by family businesses. Even new businesses are fueled by family involvement with 85% of start-ups worldwide being setup with family money. The reason for family businesses having a massive share can be associated with having their core group as members of the same family, which brings in a sense of trust, loyalty and stable leadership.
Key Discussion Points
- GCC Insight
- Number of GCC Countries in the top 100 Arab family businesses (2022)
- Major Trends for GCC Family Businesses and Stakeholders
- Top 3 Family Businesses in the GCC (region wise)
Did you know?
- There are estimates of about 70-90 % of the world’s GDP being contributed by family businesses.
- It is estimated that 90% of the private sector in the United Arab Emirates (UAE) and Saudi Arabia consists of family-owned businesses.
- Thabat programs provided by the UAE aims to doubling the contribution of family-owned businesses to the GDP by $320 Billion by 2032.
