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The 20th Global Family Office Investment Summit in Dubai from 18-20 October 2022 is expected to attract billions of dirhams in investment in the UAE.
This is in line with Thabat Venture Builder, the latest initiative of Sheikh Maktoum bin Mohammed Al Maktoum, UAE Vice President, Prime Minister and Minister of Defence, which aims to increase the contribution of family businesses to GDP by 2032. $320 billion.
Sir Anthony Ritosa, who announced the summit, said that to date, the Ritosa Summit has hosted more than 6,100 world leaders, family offices, investors and entrepreneurs from over 55 countries, representing a $4.5 trillion wealth. 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.
Family business
Commenting on the upcoming event, Sir Anthony, Chairman of the Ritossa Family Office, said: “On the instructions of His Highness Sheikh Mohammed bin Rashid Al Maktoum and Sheikh Maktoum bin Mohammed Under Al Maktoum’s wise leadership, Thabat will not only fuel the growth of family businesses and support the UAE’s overall economic trajectory, it will also be a catalyst for more family office donations to address some of the most difficult times facing the MENA region pressing socioeconomic challenges.”
“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,” Sir Anthony 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.
provide insights
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 to build an extraordinary network between family offices and thought leaders from around the world.
Fred Hollows Foundation
Through the Ritossa Summit, Sir Anthony has been supporting the Fred Hollows Foundation as a member of the UAE Advisory Council. The foundation recently announced a partnership with the Noor Dubai Foundation to raise funds to support blind or visually impaired people in Bangladesh. To date, the foundation has successfully helped more than 3 million people around the world restore their sight.
In June 2022, with the strong support of Prince Albert II of Monaco, the 19th Ritosa Family Office Investment Summit was held in Monaco. Politicians from the world’s top families gathered together to discuss investments and create a better tomorrow. The summit was attended by HRH Prince Michel de Yuslav and HRH Prince Abdul Aziz bin Faisal Al Saud.
Based in Dubai and founded by impact investor and philanthropist Sir Anthony Ritosa, Homegrown Summit has grown into a global movement of responsible investors, enthusiastic entrepreneurs and other change-makers. Today, the Global Family Office Investment Summit claims to be the number one family office conference in the world. — arab trade news agency
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