The United Arab Emirates University and the Abu Dhabi Department of Economic Development collaborate to introduce the Abu Dhabi Family Business Index.

Photo-Abu Dhabi Media Office

The Abu Dhabi Department of Economic Development (ADDED) and the United Arab Emirates University (UAEU) have entered into a Memorandum of Understanding (MoU) to introduce the Abu Dhabi Family Business Index, a pioneering initiative in the region. This index aims to assess and rank various metrics related to family-owned and family-controlled businesses in Abu Dhabi, including performance, influence, revenue, industry impact, employment, governance structures, leadership diversity, succession planning, longevity, and overall socio-economic contribution.

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The collaboration between ADDED and UAEU also seeks to enhance Abu Dhabi's economic intelligence and research capabilities, offering valuable insights into economic diversification and growth strategies. This initiative is expected to benefit investors, policymakers, academics, and the public by providing comprehensive insights into the role and impact of family businesses on the economy and society. Moreover, it aligns with Abu Dhabi's efforts to promote economic diversification, job creation, and transition to an innovation-driven economy.

The MoU also outlines plans for joint economic and financial research, knowledge sharing through expert exchanges, collaborative research projects, training programs, workshops, and publication of research findings. This partnership underscores the commitment of both entities to strengthen Abu Dhabi's research landscape and foster cooperation across the emirate's economic sectors.