The Dubai International Financial Centre (DIFC) has reaffirmed its commitment to supporting family businesses by establishing a strategic advisory committee for its Family Wealth Centre.
This initiative coincides with the UAE’s declaration of 2026 as the “Year of Family” and the launch of the “National Agenda for Family Growth 2031,” underscoring the vital role families play as the foundation of society.
The DIFC is home to over 1,250 entities affiliated with the family business sector in the UAE, receiving backing from more than 600 partners including private banks, wealth and asset management firms, legal agencies, and consulting companies.
120 of the wealthiest families based at the DIFC manage assets worth over $1.2 trillion globally, significantly contributing to the UAE’s economy. Family businesses account for around 60% of the country’s Gross Domestic Product (GDP) and employ approximately 80% of the local workforce.
According to Arif Amiri, Chief Executive Officer of the DIFC Authority, the DIFC remains at the forefront of empowering family-owned enterprises to contribute to the growth and evolution of the community while ensuring their success and prosperity.
He further noted that through the efforts of the Family Wealth Centre and the valuable guidance from partners, along with leading global frameworks supporting growth, the centre strengthens Dubai’s position as a premier destination for second and third-generation family businesses, both locally, regionally, and increasingly, globally. The Family Wealth Centre is positioned as a fundamental element in the landscape of private wealth management.