Khalaf Ahmad Al Habtoor, Founding Chairman of Al Habtoor Group, hosted the twelfth session of the “Open Talk” series, titled “Family Businesses: The Backbone of the UAE Economy.” The Ramadan edition of the discussion brought together a distinguished group of officials and experts in economic, commercial and legal affairs, alongside members of the business community in the UAE.
The session explored the vital role family businesses have played in supporting the UAE’s national economy. Over the past decades, these businesses have helped build key commercial and industrial sectors and have been an important force behind the country’s sustainable development. The conversation also focused on the importance of ensuring that family businesses continue to thrive across generations and remain adaptable in the face of economic change, strengthening the competitiveness of the national economy and supporting future growth.
During the discussion, Al Habtoor stressed that family businesses are far more than simply economic enterprises; they are a cornerstone of economic and social stability. Drawing on his own experience, he noted that the real question is not how to start a family business, but how to keep it strong, united, and successful across generations. This, he said, requires a clear vision, disciplined management, fairness among family members and a strong foundation of trust.
He also highlighted the importance of staying closely involved in the day-to-day affairs of the business. Regular oversight and direct engagement with the organisation, he explained, are essential for maintaining strength and continuity over the long term.
The conversation also touched on workplace culture. Al Habtoor emphasised that employees should be seen not merely as staff, but as partners in success. Strong institutions, he noted, are built on honest communication, humility in leadership and clarity of purpose.
Another key theme was the transition of family businesses from one generation to the next. Participants discussed the importance of separating ownership from management and establishing clear governance and transparency, ensuring that natural family differences do not develop into challenges that could affect the stability of the business.
The session concluded with a shared view that family businesses have long been, and will continue to be, one of the pillars of the UAE’s economy. The challenge ahead is not only to preserve them, but to continue developing them so they remain strong, resilient, and capable of growth for many decades to come.