Page 464 - MOET ENGLISH PR REPORT - OCTOBER 2025 (Part 2)

10/10/25, 4:20 PM Habib Al Mulla and Partners Organizes A Roundtable in Collaboration with the Ministry of Economy and Tourism to Empower UAE…
The event aimed to explore mechanisms for empowering family enterprises, enhancing
their governance, and ensuring smooth generational transitions of ownership and

management, all to reinforce their contribution to the UAE’s competitive and sustainable

economy. It also served as a platform for open dialogue, collaboration, and the exchange
of best practices and experiences among leaders of the family business community.

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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