Читать книгу Corporate Governance in Family Owned Businesses - Saleh Hussain - Страница 7

Ernst & Young’s report “Middle East – Family Business Survey” states that the family-owned business “is one of the most common forms of business structures and that the potential of FOBs to generate employment, wealth and welfare is enormous”.

Ernst & Young’s report “Family Business in the Middle East / Facts and figures - 2014” gives further facts on the importance of family business in the region as follows:

•90% of the companies are family owned businesses

•Generates 80% of region’s GDP

•Contributes 75% of private sector’s activity

•Employs 70% of labour workforce

•Controls 98% of the oil producing companies operating in the Gulf Region

•The top ten generated approximately US$588.5 billion to MENA’s region $1.51 trillion GDP in 2012 and employ nearly 221740 people