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To date, the Ritosa Summit has raised $2.8 billion in purpose-driven investment globally and attracted more than 50 companies to set up offices in the UAE.
Sir Anthony Ritossa, Chairman of the Ritossa Family Office, and his wife, Stasa Ritossa, co-founders of the Global Family Office Investment Summit. — photos provided
Ritossa Family Office will host the 20th Global Family Office Investment Summit in Dubai from 18-20 October 2022, said Sir Anthony Ritossa, Chairman of Ritossa Family Office
The campaign is in line with Sheikh Maktoum bin Mohammed Al Maktoum’s latest initiative, Thabat Venture Builder, which aims to increase the contribution of family businesses to GDP to $320 billion by 2032.
To date, the Ritosa Summit has hosted more than 6,100 world leaders, family offices, investors and entrepreneurs from more than 55 countries, representing a fortune of $4.5 trillion. The summit raised $2.8 billion in purpose-driven investment globally, enabling more than 50 international companies and family offices to relocate or open representative offices in the UAE, cementing the country’s position as a global economic powerhouse.
Ritossa said: “Thabat will not only drive the growth of family businesses and support the UAE’s overall economic trajectory, but will also be a catalyst for more family offices to contribute to some of the most pressing socio-economic challenges facing the MENA region .”
“There is no shortage of supportive initiatives aimed at strengthening the role of the UAE – leaders, companies and people – in the journey towards a more prosperous future. Consistent with these efforts, I firmly believe in the power of family offices as an economic engine, A force for good in the UAE and the wider region,” Ritosa added.
To celebrate its 20th global anniversary and its 13th summit to be held in Dubai, the Global Family Office Investment Summit promises broad support for development projects such as Thabat.
The two-and-a-half-day networking event in Dubai will provide insight into how family offices can invest for a brighter future, grow and preserve wealth, and invest responsibly in various sectors including education, healthcare and emerging technologies .
The summit also aims to elevate discussions on the importance of building a family legacy in a region where family businesses account for 90% of all companies, employ 80% of the workforce and contribute 60% of GDP.
Mohamed Al Ali, CEO of Al Ali Holdings and CEO and Advisor of Sheikh Ahmed Al Maktoum International Investments Enterprise, said: “Over the years, the UAE has cemented its position as a leading investment hub and melting pot of impact investors, especially now at COP28 Just around the corner. Homegrown businesses and advocacy groups such as the Ritossa Summit play a key role in promoting responsible investment in the UAE and the world. It’s time for ‘profit with purpose’ to become the new norm.”
A family office influencer with an unwavering commitment to creating a significant legacy, Sir Anthony is renowned in global wealth and social circles as he attributes his success to his business acumen, humility and dedication. He has successfully navigated his global “family office family” through the COVID-19 storm to become a reliable platform for building extraordinary networks between family offices and thought leaders from around the world.
business@khaleejtimes.com
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