The Gulf has one of the highest concentrations of family businesses in the world. Some are decades older than the countries from which they operate - but their roots stretch back further still.
"They started as traders in ancient times," says Hischam El Agamy, an expert on Arab family businesses.
"It was [the trader], his kids, his nephews and extended family. They did not call themselves family businesses. They called themselves traders. But that's what they were," says Mr El Agamy, the executive director of the Swiss business school IMD.
No comments:
Post a Comment