The 5 Most Powerful Family Businesses in the Middle East

The 5 Most Powerful Family Businesses in the Middle East

Having one of the strongest family ties in the world, Arab people have historically preferred working within family businesses because it's not only profitable but also a significant expression of loyalty and trust amongst family members.

Alghanim Industries topped 10 of the Kuwaiti companies that managed to seize places in our Top 100 Arab Family Businesses In The Middle East 2020 list recently released. https://t.co/h9ZtkcQgYY

“” Forbes Middle East (@Forbes_MENA_) July 3, 2020

Despite a greater tendency to prefer choosing work partners based on expertise and merit nowadays, many Arabs feel more at ease when they work with their parents or siblings, especially as it heightens their sense of devotion and commitment to the business, hence success.

Many Arab families have established some of the most successful businesses in the region over the last 100 years, making them rank among the most famous, wealthiest, and most powerful families in the Middle East.

A report published recently by Forbes Middle East included names of 100 Arab business families with at least 10 families having been known for their successful business activity for the last 100 years.

Forbes Middle East's report considered the date in which businesses were founded, wealth and business sizes for each family, the number of sectors