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5/1/24, 2:41 PM DIFC: Dubai home to over 120 of world’s wealthiest families, 206 centi-millionaires and 15 billionaires - Arabian Business: Latest Ne…
Benefitting from DIFC’s internationally recognised legal system, which is based on
English common law and includes a variety of structures and regimes, family businesses

also gain direct access to accredited advisors, networking opportunities, educational

programmes, and a wide range of experiential events, all within the Centre’s diverse
and cosmopolitan community, which includes some of the city’s top eateries, venues,

cultural centres, and lifestyle destinations.

Recently, DIFC Family Wealth Centre and STEP Arabia signed an MoU to foster the
common interests in relation to guiding family businesses on their journey to achieve

multi-generational success, and to enhance the know-how of advisers to achieve that

purpose.

As a societal mechanism for wealth distribution, the DIFC Family Wealth Centre is also a

win for the local economy since family businesses are responsible for 60 percent of the
UAE’s GDP, 80 per cent of its workforce and 90 per cent of its private companies.

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