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The Centre is further fortified by its work with the Innovation Hub, which supports
next generation owners remain at the forefront of technological mechanisms and
applications.

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 percent of its workforce and 90 percent of its
private companies.

https://www.msn.com/en-ae/news/other/difc-emerges-as-premier-global-hub-for-family-
businesses-home-to-120-of-worlds-wealthiest-families-individuals/ar-AA1nS8Mg