Post by : Badri Ariffin

The Dubai International Financial Centre (DIFC), recognized as the premier financial hub across the Middle East, Africa, and South Asia, has partnered with Emirates NBD to reinforce its support for family businesses and ultra-high-net-worth individuals (UHNWIs) in the region.

This strategic alliance aims to deliver customized governance frameworks, succession strategies, tax structuring, and wealth preservation solutions. As a result of this partnership, family enterprises and UHNWIs will have access to specialized educational programs, workshops, and advisory services designed to ensure long-lasting business sustainability and legacy protection.

Currently, over 1,250 family-related organizations are based at the DIFC, which includes many global private-client institutions, underscoring its vital importance to the UAE's economy. The leading 120 families within DIFC manage more than USD 1.2 trillion in assets, with family businesses responsible for nearly 60% of the nation’s GDP and employing 80% of its workforce.

Through the DIFC Family Wealth Centre (DFWC), the expertise of Emirates NBD Private Banking will be utilized to meet the shifting requirements of family-owned businesses, providing specialized solutions for succession planning, governance, and international investment. Essential tools offered will include family offices, holding structures, and foundations aimed at simplifying asset protection and fostering wealth growth.

Moreover, this collaboration facilitates direct access to resources and Next Generation programs, ensuring that future family leaders are well-prepared to handle their responsibilities while maintaining their values and business principles.

This partnership positions Dubai and the DIFC as a key global center for family businesses, presenting a forward-thinking environment coupled with structured advisory support dedicated to long-term wealth sustainability and enterprise innovation.

#Global News #Dubai