Family-owned businesses should seize the opportunities created by globalisation, said a Dubai official, according to the Gulf News. "Family-owned businesses can not remain isolated in a globalised economic environment and they should benefit from the opportunities created by globalisation, especially from Free Trade Agreements and World Trade Organisation regulations," Abdul Rahman Al Muttaiwee, DCCI director-general, told the media.
According to data published by the newspaper, family-owned firms represent nearly 40 per cent of the 79,470 registered companies in Dubai. As many as 30,769 registered companies are family owned.
