Sheik Abdulaziz bin Duaij bin Khalifa Al Khalifa has given an exclusive interview where he describes the UAE as an unstoppable Family Office hub experiencing exponential growth and offering a bridge between the Gulf and the rest of the world.
He said: “The UAE is turning into an epicentre for Family Offices and family businesses as investor friendly policies open a gateway for global investors.
“I see unstoppable growth in the UAE, a region deemed strategic to bridge the Gulf Cooperation Council (GCC) with the rest of the world.”
Sheik Al Khalifa went on to discuss the importance of impact investing and believes that sectors whose mission is to be good and to achieve good with a solid road-map, realistic financial perspectives and great teams have the potential to expand well in the UAE.
He said: “Some of my current favourites are businesses in electric vehicles, vertical farming, renewable energy, manufacturing, natural resources, education and healthcare.”
The UAE hosts more than half of all Family Offices in the Middle East. According to our 2020 Compensation Benchmark Report, 53% of all single Family Office regions in the Middle East are found in the UAE which has more wealth than any other hub. According to our research, 48% of Family Offices in the Middle East manage more than $1BN compared with 40% in the UK and 38% in the USA, the most established Family Office landscape globally.
Sheik Al Khalifa expects to see more and more Family Offices set-up in the UAE over the coming months and explained why in his opinion, it is unbeatable. “With the ease of relocating to the region, applying for visas, company licenses, appealing tax regime, booming real estate, excellent schools and healthcare, I see the UAE becoming home for single Family Offices, multi-Family Offices and great businesses.”
Is your Family Office already in the UAE or thinking of expanding?