Page 214 - MOET ENGLISH PR REPORT - JULY 2025
P. 214

7/29/25, 4:07 PM                 UAE Family Businesses Strengthen Growth, Contribution To National Economy - UrduPoint

        UAE Family Businesses Strengthen


        Growth, Contribution To National



        Economy




         Fahad Shabbir  (@FahadShabbir)  Published July 27, 2025 | 02:00 PM


















          ABU DHABI, (UrduPoint / Pakistan Point News / WAM - 27th Jul, 2025)
        The UAE continues to adopt a forward-looking vision to enhance the regulatory

        and legislative frameworks governing family businesses in the country. This vision

        aims to foster sustainable growth, ensure long-term viability, and strengthen the

        sector’s contribution to national economic competitiveness both regionally and

        globally.


        The Ministry of Economy and Tourism played a key role in issuing the world’s first

        comprehensive and pioneering legislation dedicated

        to family businesses: Federal Decree by Law No. (37) of 2022 concerning

        the Family Businesses.


        The law aims to ensure business continuity through legal mechanisms and

        structured procedures, support diversification of business activities, ease

        generational transition, and encourage expansion into advanced sectors,

        particularly the new economy.


        The Ministry has also issued four ministerial resolutions under which a unified

        registry for family companies was established. This registry currently includes

        more than 15 registered family firms. It also




      https://www.urdupoint.com/en/middle-east/uae-family-businesses-strengthen-growth-cont-2020665.html            1/3
   209   210   211   212   213   214   215   216   217   218   219