How has coronavirus impacted GCC family offices?
How has coronavirus impacted GCC family offices?
Family led businesses have a long-standing history across the GCC. Family offices are both pioneers and a key pillar of the economy, accounting for a large segment of the region's non-oil gross domestic product. According to PWC, family businesses are especially important across the Middle East and contribute 60% to its GDP and employ over 80% of the work force.
In the midst of the global pandemic, media consumption significantly increased, Netflix subscriptions were up 15.8 million at the start of the pandemic. I too spent more time than ever consuming content to keep going throughout lockdown. As a result, one of the key shows which I watched was HBO's Succession, and as Francois Botha aptly summaries the series allowed us to think about the importance of “dealing with engagement, succession