Posted inStart Up and Entrepreneurship

Dubai launches upskilling program for next-generation family business managers

Family businesses account for around 90% of all private sector companies in the UAE

Dubai Chambers
Credit: Supplied

Dubai Centre for Family Businesses launches new upskilling programme to empower the next generation of family business managers

The Dubai Centre for Family Businesses has launched a new upskilling initiative to assist in developing the next generation of managers within family businesses.

Developed in cooperation with PwC Middle East, the programme aims to equip family business members with the knowledge, skills, and mindset necessary to drive sustainable success and has commenced with 26 participants.

The new upskilling programme will allow participants to learn about the human, technical and digital skills required to create sustained value for their family businesses. The programme will address business challenges, hone practical leadership skills, and empower the next generation to lead their family business.

The programme consists of four modules delivered over eight days on critical topics, including governance, board leadership, entrepreneurship, strategic decision-making, and communication skills.

“Succession planning and governance are among the top concerns for any family-run company,” said Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers. “The initiatives launched by the Dubai Centre for Family Businesses are aimed at directly supporting smooth generational transitions.”

“We aim to develop the managerial skills of partners in family businesses, as well as founders, members, and their children.”