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A destination for private and corporate wealth
A successful and entrepreneurial cohort of ‘next generation’ family business owners will be instrumental in the continued advancement of the economy
As oil prices fall, neighboring economies are suffering. Dubai, however, has made great strides in diversifying away from reliance on petrochemicals, partly through necessity (Dubai’s oil reserves are smaller than many other oil-producing nations) and the economy so far seems to be holding up well.
Tourism, investment and inward expatriates are widely encouraged, both from other GCC countries as well as further afield. The cosmopolitan and highly skilled workforce serves to further enhance the attractiveness of Dubai as a destination for both tourism, investment and family offices, which it is hoped will continue for some time to come.
As local families look to the future, a successful and entrepreneurial cohort of ‘next generation’ family business owners will be instrumental in the continued advancement of the economy.