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The 20th Global Family Office Investment Summit, to be held in Dubai from 18-20 October 2022, is expected to attract billions of dirhams of investment into the UAE.
This is in line with HH Sheikh Maktoum bin Mohammed Al Maktoum, UAE Vice President, Prime Minister and Minister of Defence, Thabat Venture Builder, the latest plan to increase the contribution of family businesses to GDP to $320 billion by 2032.
Announcing the Summit Sir Anthony Ritossa said the Ritossa Summit has so far hosted more than 6,100 world leaders, family offices, investors and entrepreneurs from more than 55 countries, representing $4.5 trillion in wealth. The summits have raised $2.8 billion in purpose-driven investments globally and enabled 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: “At the instruction of and by His Highness Sheikh Mohammed bin Rashid Al Maktoum Under Al Maktoum’s wise leadership, Thabat will not only drive the family’s growing business and support the UAE’s overall economic trajectory, it will also be the catalyst for more family office contributions to address some of the toughest challenges facing the MENA region. pressing socioeconomic challenges.”
“There is no shortage of supportive initiatives aimed at strengthening the role of UAE leaders, companies and people in its journey towards a more prosperous future. Consistent with these efforts, I am a firm believer in the power of family offices as economic engines, and in the UAE and wider Good strength in the region,” Sir Anthony added.
Celebrating its 20th anniversary and with its 13th summit set to be held in Dubai, the Global Family Office Investment Summit is expected to garner broad support for growth initiatives such as Thabat.
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The two-and-a-half-day exchange in Dubai will delve into how family offices can invest for a brighter future, how to grow and preserve wealth, and how to invest responsibly across sectors ranging from education, healthcare and emerging technology. In a region where family businesses account for 90 percent of all companies, employ 80 percent of the workforce and contribute 60 percent of GDP, the summit also aimed to elevate the discussion on the importance of building a family legacy.
Mohamed Al Ali, CEO of Al Ali Holdings and CEO and Advisor to Sheikh Ahmed Al Maktoum International Investments Enterprise, said: “Over the years, the UAE has consolidated its position as a leading investment hub and melting pot of impact investors, especially now at COP28 The day is right around the corner. Local businesses and advocacy groups such as Ritossa Summits are playing a key role in promoting responsible investment in the UAE and around the world. It is time for ‘profitability with purpose’ to become the new normal.”
A family office influencer with an unwavering commitment to creating a significant legacy, Sir Anthony is renowned across wealth and social circles globally for attributing his success to his business acumen, humility and dedication. He has successfully navigated his global ‘family office family’ through the Covid-19 storm and has grown stronger as a reliable platform for networking excellence between family offices and thought leaders around the world.
Fred Hollow Foundation
Sir Anthony has been supporting the Fred Hollows Foundation as a member of the UAE Advisory Council through the Ritossa Summit. The foundation recently announced a partnership with the Noor Dubai Foundation to raise funds for people who are blind or visually impaired in Bangladesh. To date, the foundation has successfully restored sight to more than 3 million people around the world.
In June 2022, with the strong support of Prince Albert II of Monaco, the 19th Ritossa Family Office Investment Summit was held in Monaco, bringing together dignitaries from the world’s top families to discuss investment and create a better tomorrow. The summit was attended by His Royal Highness Prince Michel de Yugoslawy and His Royal Highness Prince Abdulaziz bin Faisal Al Saud.
Based in Dubai and founded by impact investor and philanthropist Sir Anthony Ritossa, Native Summit has grown into a global movement of responsible investors, avid entrepreneurs and other changemakers. Today, the Global Family Office Investment Summit is the world’s number one family office conference—— trade arab news agency
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