Page 91 - SGH PR REPORT - MARCH 2024

Top 100 Arab Family Businesses 2024

Big homegrown businesses in the Middle East are not only economic entities but also

cultural and social institutions deeply rooted in tradition and heritage. Middle Eastern

family businesses, once characterized by traditional sectors such as hospitality, retail,

and manufacturing, are increasingly diversifying into emerging industries. The push for

innovation and adaptation is crucial in the face of global competition and rapid
technological advancements. Many family businesses are investing in research and

development, digital transformation, and sustainable practices to secure their place in

the evolving market.

In recent decades, Middle Eastern family businesses have undergone a transformation,
expanding their horizons beyond regional borders and venturing into the global arena.

Apart from the traditional real estate as well as hospitality investments in Europe and

the U.S., Middle Eastern families are now investing in tech startups as well as

sustainability ventures, in both the developed and developing world. For example, Abdul

https://www.forbesmiddleeast.com/lists/top-100-arab-family-businesses-2024/