UAE Business: Ritossa Family Summit to attract billions of dirhams to UAE – Gulf Digital News

UAE Business: Ritossa Family Summit to attract billions of dirhams to UAE – Gulf Digital News

The 20th Global Family Office Investment Summit in Dubai from October 18 to 20, 2022 is expected to attract billions of dirhams in investment to the UAE.

This is in line with the Vice President, Prime Minister and Minister of Defence of the UAE, HH Sheikh Maktoum bin Mohammed Al Maktoum’s latest programme Thabat Venture Builder that aims to boost family businesses’ contribution to GDP to $320 billion by 2032.

Announcing the Summit Sir Anthony Ritossa said the Ritossa Summits have so far hosted more than 6,100 world leaders, family offices, investors and entrepreneurs from over 55 countries, representing $4.5 trillion in wealth. The Summits have raised $2.8 billion in purpose-driven investments globally and enabled more than 50 international companies and family offices to relocate or open representative offices in the UAE, bolstering the nation’s status as a global economic powerhouse.

Family business

Commenting on the upcoming event, Sir Anthony, Chairman of Ritossa Family Office, said: “Under the directives of HH Sheikh Mohammed bin Rashid Al Maktoum and the wise leadership of Sheikh Maktoum Bin Mohammed Al Maktoum, Thabat will not only propel the growth of family businesses and support the UAE’s overall economic trajectory, it will also act as a catalyst for more