UAE Thabat Program to Turn 200 Family Businesses To Major Companies
- Publish date: Tuesday، 20 September 2022
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The UAE, today launched ‘Thabat’, a programme aimed at boosting the growth, sustainability and continuity of family-owned businesses. The ‘Thabat’ programme aims to transform 200 family business projects into major companies by 2030 with a market value exceeding AED150 billion and annual revenues of AED18 billion.
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The first initiative of its kind aimed at building the capabilities of family businesses, ‘Thabat’ will assist companies in transforming their entrepreneurial ideas into viable business projects with the support of advanced technologies.
Under the directives of @HHShkMohd, @MaktoumMohammed launches ‘Thabat’, a programme organized by @Economyae aimed at boosting the growth, sustainability and continuity of family-owned businesses. pic.twitter.com/IB36jTnkqq
— Dubai Media Office (@DXBMediaOffice) September 19, 2022
The programme will also help them enter sectors outside their traditional fields, and encourage them to embrace advanced knowledge-driven industries such as artificial intelligence (AI), biotechnology, agricultural technology, space sciences and renewable energy.
Read More: Profitable Businesses in UAE
The programme is open to all family businesses based in the UAE. The first cohort of companies joining the programme include Al Yousuf Group, Al Serkal Group, Al Zarooni Emirates Investments, Gracia Group and Lootah Holding. The Ministry said another set of companies will join the programme over the next two weeks. The Ministry invited interested companies to apply to join the programme on this link