Initiatives such as co-sponsored training, internship programs, and research collaborations
Abu Dhabi, UAE: The Emirates Family Office Association (EFOA), a unique and independent organization supporting family offices in the UAE and around the world, has announced a new Memorandum of Understanding (MoU) for a strategic partnership with the United Arab Emirates University (UAEU) in the UAE. MoU) was announced. Flagship university.
This collaborative partnership will jointly launch various initiatives to educate the next generation about the role and importance of family offices and business in the UAE economy. Through carefully selected training and panel sessions, UAEU students learn from key players in the region’s family office ecosystem.
Under this Memorandum of Understanding, EFOA and UAEU will launch an internship program to enable UAEU students to gain valuable experience in the competitive family office and business sectors, provide compelling insights, and prepare the next generation of leaders for their country. Make it possible to develop.
EFOA and UAEU will also collaborate on a study of family offices and companies in the region to identify influential trends amid the sector’s explosive expansion.
The partnership follows last month’s webinar “Family Businesses as Value Creators” hosted by the UAEU Faculty of Business and Economics, where EFOA Director-General Aisha Al Mansouri spoke about the characteristics of family businesses. the challenges they face. Factors driving the growth of this sector in the UAE so far.
Aisha Al Mansouri, Director General of EFOA, said:
“EFOA’s core philosophy is to foster knowledge sharing and collaboration within the region’s family office and business ecosystem. We are excited to partner with the UAEU to strengthen our efforts in this area. Educating the next generation about the role and importance of family offices and business is essential to the success of the ecosystem and the UAE. Family-owned businesses account for up to 70% of the country’s GDP. .
“With a number of initiatives to educate and inspire the next generation of leaders, we will further strengthen the influential position of family offices and businesses in the UAE economy.”
Professor Mohamed Mahdi, Head of the Department of Business and Economics at UAE University, added:
“Family offices are crucial in shaping wealth management and investments, overseeing trillions of dollars across approximately 10,000 family offices around the world.The UAEU College of Business and Economics is a leading partner for family offices and family businesses in the UAE. We are delighted to have the opportunity to collaborate with the Emirates Family Office Association (EFOA), a leading resource for its stakeholders. I am passionate about researching the challenges and opportunities in
Detailed information
Torburns
George Rochford
g.rochford@thoburns.com
Phone: +44 7564 584 447
About EFOA
The Emirates Family Office Association is an independent, non-profit organization dedicated to supporting the UAE’s family office community.
EFOA provides resources, education, and support to family offices and strives to foster collaboration and innovation among member organizations.
For more information, please visit https://emiratesfoa.com/.
About UAE University
Founded by Sheikh Zayed bin Sultan Al Nahyan in 1976, UAE University is a research university with an enrollment of approximately 100 students. 17,000 domestic and international students.
As the UAE’s flagship university, UAEU offers a wide range of graduate and undergraduate programs through nine colleges: Business and Economics, Education, Engineering, Food and Agriculture, Health Sciences, Humanities and Social Sciences, IT, Law, Medicine and Science.
Through its research centres, UAEU collaborates with industry partners to create research solutions to challenges facing the country and the world, advancing knowledge in areas ranging from water resources to cancer treatment.