Page 419 - MOE ENGLISH PR - MAY 2024

5/28/24, 4:31 PM Ministry of Economy opens registration in unified registry for family businesses | Emirates News Agency
Abdullah Ahmed Al Saleh, Under-Secretary of the

Ministry of Economy, explained that the UAE, thanks to

the directives of its wise leadership, is committed to

developing a robust legislative and regulatory

environment to enhance the growth of family

businesses and support their continuity and

sustainability over the coming decades, in accordance

with global best practices. This commitment stems from

the sector’s key role in promoting the growth of the

national economy and supporting its regional and

global competitiveness.

The Ministry had launched the Unified Registry for

Family Companies by virtue of Cabinet Decision No. 109

of 2023, with an aim to build a comprehensive and

standardised database containing all information

related to family businesses in the country. The goal is

to elevate the operations of these businesses to more

competitive and diverse levels. Additionally, the Ministry

has outlined a series of criteria and requirements for the

enrolment of a family business in this registry.

The Ministry had also conducted a series of meetings

with various government entities, including chambers of

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