Page 451 - MOET ENGLISH PR REPORT - OCTOBER 2025 (Part 2)

10/10/25, 4:19 PM Habib Al Mulla and Partners Organizes A Roundtable in Collaboration - UAE DIGITAL NEWS
In his opening remarks, H.E. Abdullah bin Touq Al Marri, Minister of Economy and Tourism, emphasized the UAE’s commitment to advancing
the role of

family businesses in driving national 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 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.

Insights from Habib Al Mulla and Partners

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.”

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