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Faizal Bhana, Director – Middle East, Africa and India,
and An Kelles, Director – GCC discuss the evolving landscape
for family businesses across the Gulf region, focussing on the
region’s leading economies – the UAE and the Kingdom of
Saudi Arabia.
The article highlights how the past three years have been a
challenging period for family businesses navigating a global
pandemic, broken supply chains and an energy crisis.
Yet, despite these significant obstacles, we have seen how
events have served to accelerate developments across many
industries, whether it is sustainable finance, digitalisation, or
the requirement for new skills.
These changes have impacted almost all types of businesses
across many sectors and is perhaps most evident in the family
business landscape. Businesses have had to rise to the occasion,
responding by placing innovation, collaboration, and ingenuity at
the heart of solutions. It is paramount that they continue to do
so.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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