Over half of GCC family busineses confident about prospects for ’18: KPMG - The Peninsula Qatar:
"The GCC’s family businesses have shown confidence in their prospects for 2018, as they begin to adapt to the “new norm” of lower oil prices and the impact of geopolitical developments, according to KPMG’s recently published “GCC Family Business Survey 2017”.
The report analyses the thoughts of over 40 senior members of family businesses from the six GCC countries, on trends and issues affecting the sector.
On the report, Yacoub Hobeika (pictured), Head of Family Business for KPMG in Qatar commented: “In the GCC, perhaps more than anywhere else world-wide, family businesses form the backbone of the economy. Fifty-seven percent of those surveyed suggesting that they are confident about their business’ prospects in the coming 12 months and we can take this sentiment as a positive indicator for the region’s economic conditions.”"
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