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ADSC and Adnoc make three major announcements
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Singapore and the Gulf: Economic engagement beyond hydrocarbons
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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.
GMG opens new head office in Riyadh
DUBAI, 3 hours, 15 minutes ago Gulf Marketing Group (GMG), a leading family-owned holding company, has announced its further expansion and investment in Saudi Arabia with the opening of a new head office in Riyadh. The group’s Deputy Chairman and CEO Mohammad A Baker hopes to double the company’s 1,200-strong workforce in the country once normal trading conditions resume after the Covid-19 pandemic. GMG already has a strong presence in Saudi Arabia thanks to its nationwide network of approximately 90 outlets, including those of its Sun and Sand Sports chain, the Middle East’s largest sports retailer and distributor of global brands including Nike, Columbia, and Vans.
DUBAI: Gulf Marketing Group (GMG), a Dubai-based, family-owned conglomerate, has opened its new Saudi head office in Riyadh, and is aiming to double its workforce to over 2,400 once coronavirus disease (COVID-19) travel and restrictions are lifted.
Founded in Dubai in 1978 by the Baker family, the company operates around 90 brands across a multitude of retail sectors, including the Sun and Sand Sports chain, which is the Middle East’s largest sports retailer and distributes global brands such as Nike, Columbia and Vans.
GMG has been present in Saudi Arabia since 2006 and operates approximately 90 outlets across the Kingdom. In addition to Sun and Sand Sports, the company also plans to introduce some of its other portfolio brands, especially in the food and healthcare sector.
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