Dubai: Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance of the UAE, launched the Dubai Household Enterprise Administration Program on Tuesday.
This system is a venture of the Dubai Middle for Household Companies, which operates beneath the umbrella of Dubai Chambers, in collaboration with the Mohammed bin Rashid Middle for Management Growth.
This system 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 in the end higher governance amongst household companies.
This system will even assist obtain the aims of the Dubai Financial Agenda (D33) by creating second-level enterprise competencies that can contribute to rising competitiveness and making certain sustainable growth by leveraging Dubai’s strategic and distinctive location and its superior infrastructure to stay the vacation spot of selection for main international firms. firms.
Launching the initiative, Sheikh Maktoum 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 system is an extension of a sequence of packages and plans aimed toward supporting household companies, the success of which indicators the expansion of Dubai’s enterprise group,” stated Sheikh Maktoum.
“The Dubai Household Enterprise Administration Program is a step ahead in making certain the sustainability and continuity of household companies throughout generations and is a mirrored image of our perception that sustainable investments are, at their core, primarily based on selling human capabilities and administration competencies,” added he added.
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).
Abdul Aziz Abdulla Al Ghurair, Chairman of Dubai Chambers, commented: “Household companies are a key driver of the UAE economic 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, making an allowance for 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.
Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, stated: “Household companies are an essential accomplice for Dubai’s plans for complete and sustainable growth, and this program performs a vital function in creating second-line competencies that may improve the competitiveness of companies in Dubai . , additional strengthening the nation’s place as a vacation spot of selection for companies.
This system goals to boost the worldwide profile of second-line administration members, improve their consciousness of native and worldwide laws, enhance company governance and sustainability programs, develop international commerce methods and investments and construct a tradition of social duty in household companies promote.