Deloitte Middle East Family Enterprise sentiment pulse check reveals positive outlook for regional economic growth

10 January 2023 – The renowned professional services organization, Deloitte, released their latest Family Enterprise survey, with over 100 responses from prominent family groups across the Middle East. The report reflects on the past year’s regional trends and offers insights and projections across a range of market indicators. 

The Family Enterprise report is part of a series of publications focused specifically on the family enterprise market by Deloitte Private, the Deloitte arm serving small and medium businesses, family businesses, private equity and privately owned businesses. This year’s edition of the survey covers a wide range of topics, including global economic influence, expectations for regional economies, oil prices, the impact of metaverse and NFTs, sustainability, electric vehicles, Qatar World Cup and more. 

Scott Whalan, Deloitte Middle East Family Enterprise Leader said, “with the economic and geo-political landscape reflecting so much uncertainty, we wanted to test the sentiment of the region’s Family Enterprises across a range of market dynamics. The results are striking. Family Enterprises in the region expect the thriving conditions currently seen in the Gulf economies to sustain, underpinned by a high oil price, and in tandem with this a general transfer of global influence from the West to the East.”

The report is labelled the Middle East Moment to reflect the positivity of the findings, compared to those generated in other major global markets, such as the United States. The findings also indicate that family businesses in the region expect a shift in the weight of global economic influence from western markets to eastern markets. 

The survey also showcases that regional family businesses are embracing digital transformation in a way comparable to more mature markets, as well as it considers the impact of major global events taking place in the region, such as the FIFA World Cup, on regional markets. 

To explore the results further, please visit: www.deloitte.com

About Deloitte & Touche (M.E.) LLP:

Deloitte & Touche (M.E.) LLP (DME) is the affiliate for the territories of the Middle East and Cyprus of Deloitte NSE LLP (“NSE”), a UK limited liability partnership and member firm of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”).

DME is a leader in professional services with uninterrupted presence in the Middle East since 1926 with 26 offices in 14 countries and around 5,000 partners, directors and staff. DME’s presence in the Middle East and Cyprus is established through its affiliated independent legal entities, which are licensed to operate and to provide services under the applicable laws and regulations of the relevant country. DME’s affiliates and related entities cannot oblige each other and/or DME, and when providing services, each affiliate and related entity engages directly and independently with its own clients and shall only be liable for its own acts or omissions and not those of any other affiliate.

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