Al-Eqtisad logs first Indian family business in register
The Ministry of Economy and Tourism in the UAE announced the registration of "Selfors International," owned by an Indian family, as the first Indian family-owned company to be listed in the unified register of family businesses in the UAE. The company is one of the oldest in the country, operating for over 68 years across various sectors such as building materials, technology, real estate, and industrial services, and has expanded into markets in the Middle East, Africa, and India. The registration of this company reflects the flexible and attractive business environment fostered by the UAE, where family businesses account for approximately 60% of the gross domestic product, employ 80% of the workforce, and represent about 90% of all private companies. This achievement further enhances the UAE's reputation as a hub for long-term business and investments, highlighting the resilience of the legal frameworks that support the sustainability and growth of family enterprises.
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