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7/29/25, 4:27 PM Family Companies Are A Key Generator Of National Economic Progress Latest Business News, Trending Topics & Journeys | BM U…

Family Companies are a Key

Generator of National Economic

Progress

EDITOR JULY 28, 2025

The UAE continues to pursue a forward-thinking approach to improving the regulatory and
legislative structures regulating family enterprises in the nation. This vision aims to promote
sustainable growth, ensure long-term sustainability, and enhance the sector’s contribution
to national economic competitiveness on both regional and global scales.

The Ministry of Economy and Tourism played a pivotal role in enacting the world’s first
comprehensive and pioneering law governing family businesses: Federal Decree by Law
No. (37) of 2022 Concerning Family Businesses.

The legislation aims to ensure business continuity through legal mechanisms and
structured processes, promote economic diversification, facilitate generational transitions,
and stimulate development in advanced areas, particularly the new economy.

The Ministry has also issued four ministerial decisions creating a uniform registration for
family businesses. This registration presently has over 15 registered family businesses. It
also oversees family company charters, share buy-back programs, and the issue of
numerous share classes.
In statements to the Emirates News Agency (WAM), Minister of Economy and Tourism
Abdullah Bin Touq Al Marri emphasized that the UAE, guided by wise leadership, has

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