To strengthen Abu Dhabi’s economic intelligence and research infrastructure, the Abu Dhabi Department of Economic Development (ADDED) and United Arab Emirates University (UAEU) have launched the Abu Dhabi Family Business Index. 

The Abu Dhabi Family Business Index will rank family-owned businesses within the emirate based on varying criteria.

The index will touch on key indicators, such as revenue, industry and employment figures, governance structures, leadership gender ratios, succession planning, longevity, and overall contribution to socio-economic development.

The index will provide a deeper understanding of family businesses’ role and impact on the economy and society, potentially shaping future strategies and decisions.

The index aligns with Abu Dhabi’s 2022 family business ownership governance law, which helps to promote a smooth transition to successive generations. 

Rashed Abdulkarim Al Blooshi, Undersecretary of ADDED, said, “The Abu Dhabi Family Business Index will play a pivotal role in developing the business landscape by providing valuable insights about this significant segment of our socio-economic fabric.”

“Family-owned businesses in Abu Dhabi, equipped with decades of experience, continue to contribute positively to economic diversification, job creation, and the transformation towards an innovation-driven economy. We believe the index provides a suitable mechanism to accelerate our growth trajectory,” he added.