A new Dubai organisation focused on family businesses, a key component of the emirate's economy, on Tuesday said it would support the growth of family firms and help them survive generational transitions.
Dubai Chambers, which represents the emirate's business community interests, has set up the Dubai Centre for Family Businesses to educate firms on leadership transition, planning and growth, it said.
Dubai, a regional trade and tourism hub, also plans to start a family business dispute centre to resolve conflicts outside of the courts, Abdul Aziz Al Ghurair, chairman of Dubai Chambers, told Reuters.
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