Dubai: Family-owned businesses are often recognised as prominent participants in not only the GCC, but also in the wider global economy. But how did they come about playing an influential role, operate in the UAE and what makes them different from conventional businesses structures?
What is a family business? A family business is any business in which two or more members of the same family are involved and most of the ownership or control lies within such a family.
Family businesses, and their role in the Gulf
Family businesses have a long history in the Gulf and are considered key to nearly every economy in the region, with research showing that they account for a large chunk of the GCC’s non-oil gross domestic product growth.
Tue January 12, 2021 - National Edition
Manitowoc
Regional dealer Kanoo Machinery supplied the GRT655L and the local service provided by both Kanoo and Manitowoc was a key consideration for Albwardy Damen in making its latest purchase.
Albwardy Damen, a specialist shipbuilding and ship repair company in the Middle East, has added a GRT655L to its collection of
Grove rough-terrain cranes used at its facilities across the United Arab Emirates (UAE).
The crane s combination of a strong load chart and long reach mean the company can use it for both holding large components in place while ships are built or installing new sections on existing ships.