To support the development of the next generation, FBCG is. More Info
MEMBERSHIP
Join the fastest growing
GCC family business community
The Family Business Council Gulf is a member of FBNinternational and follows the same ethos, a nonprofit member's organization run"By Families, For Families". Membership is restricted to members of family business owners.
When family members share a business, it does much to strengthen the family bond. However, passing a business from one generation to the next often affects the solid family bond and results in breaking it. Very few family businesses – 15 per cent according to international studies – survive to the third generation. Family business succession is arguably one of the most critical issues a family business has to face; it is also one of the most difficult aspects to plan for.
In the GCC, the family enterprise are prevalent and many are approaching the critical juncture of generational transitions. According to WEF Middle East 2013, an estimated US$ 1 trillion of assets are set to be transferred to the third generation in the next five to ten years.
