Page 439 - MOET ENGLISH PR REPORT - OCTOBER 2025 (Part 2)

10/10/25, 4:18 PM Habib Al Mulla and Partners organizes roundtable with UAE Ministry of Economy and Tourism to empower family businesses
economic diversification and supporting the goals of “We the UAE 2031”, which seeks to build a
knowledge-driven economy and foster global partnerships.

“This forum reflects our commitment to strengthening collaboration with the family business community
and fostering dialogue to build a resilient and future-ready business ecosystem — one that continues to
grow and thrive across generations,” said H.E. Bin Touq.

H.E. Bin Touq further highlighted the key enablers that the UAE’s business environment offers to family
enterprises, foremost among them, the pioneering legislative framework established to ensure the
continuity and sustainability of family businesses. Central to this framework is Federal Decree-Law No.
37 of 2022 on Family Businesses, the first comprehensive law of its kind globally, designed to ensure
smooth generational transition of ownership and management and to encourage expansion into new
economic sectors.

He also referenced major initiatives led by the Ministry, including the Unified Family Business Register,
which currently includes 18 registered entities and provides certification, registration, and governance
compliance services. Additionally, the “Thabat” Program was introduced to help family businesses
launch startups in new economic sectors and strengthen their long-term resilience.

Commitment to legacy preservation

Alia Al Mulla, partner and head of Commercial Disputes at Habib Al Mulla and Partners, stated: “The
UAE continues to lead the region and the world in legislative innovation. The Family Business Law
represents a groundbreaking step forward, reflecting a visionary and proactive approach to ensuring the
sustainability of family enterprises.”

She also added: “At Habib Al Mulla and Partners, we take pride in being among the first law firms to
work extensively with family businesses to raise awareness about the benefits of this law and to assist
them in registration and compliance, safeguarding their legacy for generations to come.”

Interactive panel discussions

Moreover, the event showcased interactive panel discussions that tackled challenges associated with
generational transitions, governance, and succession planning. Speakers shared success stories from
family businesses that have effectively modernized their operations and governance models by
embracing innovation and adhering to best practices.

These discussions further emphasized the UAE’s pivotal role in developing a modern legislative
framework that fosters economic sustainability and reinforces the nation’s status as a global hub for
business and investment.

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