Abdul Aziz Al Nuaimi, Assistant Under-Secretary for Entrepreneurship and Economic Regulation Sector at the Ministry of Economy and Tourism, stated that the UAE has made significant strides in developing a comprehensive legislative framework to regulate the operations of family businesses. He pointed out that this sector contributes approximately 60% to the country's Gross Domestic Product (GDP), provides more than 80% of job opportunities, and constitutes about 90% of all private companies.
This came during an open dialogue session organized by the Ministry, which brought together representatives from six of the largest family companies in the UAE. The session aimed to enhance direct communication with this sector and enable it to benefit from the advanced legislative and regulatory environment provided by the state to support the sustainability and growth of companies.
