Dubai: Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister, and Minister of Finance of the UAE, has launched the Dubai Family Business Management Program.
It is a project of the Dubai Centre for Family Businesses, which operates under the umbrella of Dubai Chambers.
The program has been launched in partnership with the Mohammed bin Rashid Center for Leadership Development.
“The program is an extension of a series of programs and plans aimed at supporting family businesses, whose success indicates the growth of Dubai’s business community,” Sheikh Maktoum said.
“The Dubai Family Business Management Program is a step ahead to ensure the sustainability and continuity of family businesses over generations and is a reflection of our belief that sustainable investment at its core is based on advancing human capabilities and management competence,” Sheikh Maktoum added.
The program aims to empower family business leaders by enhancing second-tier management skills, ensuring effective succession planning, and ultimately fostering better governance within family businesses. Its goal is to secure the continuity of these businesses by equipping leaders with the necessary tools and knowledge for sustainable growth and smooth transitions.
Applications to register for the Dubai Family Business Management Program can be submitted via the Mohammed bin Rashid Center for Leadership Developments official website.
Mr. Abdul Aziz Abdulla Al Ghurair, Chairman of Dubai Chambers, stated that, “family businesses are a key driver of the UAE economy. To this end, the Dubai Family Business Management Program aims to improve core systems of these family businesses and prepare and qualify their management, taking into consideration the priorities of planning to ensure the sustainability and continuity of family businesses over generations, preserving the family legacy, and strengthening governance to help increase family businesses’ contribution and support for Dubai’s future plans.”