Tue 03-10-2023 22:38
DUBAI, October 3, 2023 (WAM) — His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance of the UAE, affirmed that Dubai continues to form a complete ecosystem to assist the expansion and sustainability of household companies and supply the most effective funding setting to assist them thrive. This dedication is consistent with the imaginative and prescient and directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to double Dubai’s financial system over the subsequent ten years, making the emirate one of many high three cities on this planet by way of financial impression.
HH Sheikh Maktoum made these feedback as he launched the Dubai Household Enterprise Administration Programme, a undertaking of the Dubai Middle for Household Companies, which operates beneath the umbrella of Dubai Chambers. This system was launched in collaboration with the Mohammed bin Rashid Middle for Management Growth.
“This system is an extension of a sequence of packages and plans aimed toward supporting household companies, the success of which alerts the expansion of Dubai’s enterprise group,” mentioned HH Sheikh Maktoum.
“The Dubai Household Enterprise Administration Program is a step ahead in guaranteeing the sustainability and continuity of household companies throughout generations and is a mirrored image of our perception that sustainable investments are, at their core, based mostly on selling human capabilities and administration competencies,” added he added.
The Dubai Household Enterprise Administration Program goals to strengthen and develop second-line administration abilities amongst household enterprise leaders, to make sure the continuity of those companies, efficient succession planning and finally higher governance amongst household companies.
Purposes for registration for the Dubai Household Enterprise Administration Program could be submitted through the Mohammed bin Rashid Middle for Management Growth web site (http://www.mbrcld.ae).
Sustainability, core programs in focus
His Excellency Abdul Aziz Abdulla Al Ghurair, Chairman of Dubai Chambers, commented: “Household companies are a key driver of the UAE financial system. To this finish, the Dubai Household Enterprise Administration Program goals to enhance the core programs of those household companies and put together and qualify their administration, bearing in mind planning priorities to make sure the sustainability and continuity of household companies throughout generations, whereas sustaining of the household legacy, and strengthening governance to assist improve the contribution and assist of household companies to Dubai’s future plans.
“This system is consistent with Dubai’s imaginative and prescient to turn out to be a number one hub for household companies. Its launch will assist the sustainability and continuity of household companies in Dubai, giving their second-line administration the chance to profit from complete coaching packages that present helpful experiences,” he added.
Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, mentioned: “Household companies are an essential associate for Dubai’s plans for complete and sustainable growth, and this program performs an important function in growing second-line competencies that may improve the competitiveness of companies in Dubai . , additional strengthening the nation’s place as a vacation spot of alternative for companies.
“At Dubai Chambers, we try to offer the best setting to nurture and develop companies. We intention to contribute to supporting the second-line administration of household companies, serving to them undertake governance constructions to make sure their sustainability and setting Dubai’s inspiring instance in supporting household companies,” he added.
Selling social accountability
A gaggle of second-line administration members will take part in this system, which goals to boost their international profile, improve their consciousness of native and worldwide rules, enhance company governance and sustainability programs, develop international commerce methods and investments and construct a tradition of social growth promote. accountability in household companies.
This system will assist obtain the aims of the Dubai Financial Agenda (D33) by growing second-level enterprise competencies that can contribute to growing competitiveness and guaranteeing sustainable growth by leveraging the strategic and distinctive location of Dubai and its superior infrastructure to stay the vacation spot of alternative for main international firms. .
Encourage optimistic change
The Mohammad bin Rashid Middle for Management Growth goals to nurture progressive minds able to assembly future challenges, imagining the longer term and making it a actuality. It adopts the most effective worldwide practices for coaching leaders and equipping them with native and worldwide abilities.
The Dubai Middle for Household Companies, working beneath the umbrella of Dubai Chambers, is answerable for guaranteeing the expansion and sustainability of household companies in Dubai, growing this very important sector and growing its financial contribution. The Middle is tasked with growing an built-in technique to assist and develop household companies and their possession within the emirate.