Today's Edition
ABU DHABI (ALETIHAD)
The UAE continues to be a breeding ground for successful family businesses, according to the recently released Forbes Middle East Top 100 Arab Family Businesses for 2024. With a strong showing of 28 Emirati firms on the list, the UAE emerges as the second-highest contributor after Saudi Arabia’s 34 entries.
This year’s rankings highlight the enduring legacy and adaptability of family-owned conglomerates across the Arab world. Businesses were assessed based on size, value, performance, diversification, and historical significance.
UAE’s Al-Futtaim Group secured the number two spot on the list. The ranking is further bolstered by the presence of other prominent Emirati names, showcasing the UAE’s diverse and thriving family business landscape.
GCC families are the most successful in the family business space according to the report which further sheds light on the growing focus on sustainability initiatives within these businesses.
Leading the charge is AlNowais Investments Group, boasting over 1,230MW of clean energy projects across Africa and the Middle East. Additionally, Alfardan Group’s partnership for e-waste recycling and the collaboration between Safari Group and Knauf Group to build an eco-friendly production facility exemplify the commitment to environmental responsibility.
