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Venture building program strengthens family businesses in the UAE
UAE Ministry of Economy
Cross-industry
Various
Venture Architects, Product, Design, People (HR)
"Thabat's collaborative model and working with Bridgemaker has allowed us to reshape our path as a family business and explore new industries and business models."
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Maitha Al Yousuf
Group Director of HR at Al Yousuf Group & Co-Founder Nutralis
The Challenge
Family businesses form the backbone of the economy in the UAE. However, new technologies and rapid change are putting them under pressure to act: they need to generate sustainable growth, innovate effectively and preserve their valuable family heritage.
Our solution
Thabat, an initiative of the UAE Ministry of Economy and Bridgemaker, offers tailor-made support for family businesses. They receive the necessary tools and know-how for innovative ventures that continue the family legacy.
Milestones
09/2022
Kick-Off Thabat 1.0
12/2022
Launched venture: Apterra (family business Alserkal)
12/2022
Launched venture: Nutralis (Al Yousuf family business)
09/2023
Closing ceremony Thabat 1.0
10/2023
Kick-Off Thabat 2.0