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7/29/25, 4:07 PM UAE Family Businesses Strengthen Growth, Contribution To National Economy - UrduPoint
governs family business charters, share buy-back mechanisms, and the issuance

of multiple classes of shares.

In statements to the Emirates news Agency (WAM), Abdullah bin Touq Al Marri,

Minister of Economy and Tourism, emphasised that the UAE, guided by its wise

leadership, has prioritised the creation of an advanced legislative environment to

promote the growth and sustainability of family businesses over the coming

decades.

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He highlighted that family businesses are a vital driver of national economic

growth and a pillar of the UAE’s long-term vision to build a future-ready economy.

He reaffirmed the Ministry’s commitment to advancing this vital sector through

continued efforts and active collaboration with stakeholders. These efforts align
with the “We the UAE 2031” vision, aiming to increase the country’s GDP to AED3

trillion by the next decade.

Family businesses contribute approximately 60% of the UAE’s GDP and employ

80% of the workforce. They also account for around 90% of private sector

companies in the country. These businesses operate across a wide range of vital
economic sectors, including the new economy, hospitality, retail, real estate, and

construction.

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