Dubai family business focuses on growth, tech adoption: Survey – Gulf Today

Dubai family business focuses on growth, tech adoption: Survey – Gulf Today

Some 87 per cent of young family business members in Dubai expressed a personal interest in generative AI.

The Dubai Centre for Family Businesses, which operates under the umbrella of Dubai Chambers, has revealed the results of a survey conducted to gauge the opinions, aspirations, and strategies of the next generation of family business members in the emirate.

The survey was aimed at developing a better understanding of the changing dynamics of family businesses, as well as the strategic directions favoured by their future managers.

Issued by global consulting firm PwC in collaboration with the Dubai Centre for Family Businesses, the 2024 survey identified the top priorities for the next generation of family business members during the coming two years. A total of 889 respondents from 63 countries participated in the survey, including a group in Dubai.

Expanding into new sectors and markets ranked first on the list of priorities for Dubai’s next generation of family business members, with business development second and the adoption of new technologies following in third place. Among the next generation of family business members worldwide, business development came first, followed by expansion into new sectors and markets in second place. Talent management and attracting and retaining