MENA Family Business Survey
Sentiment Report August 2020
The MENA Family Business Survey Sentiment Report highlights the challenges and priorities of family business leaders across the MENA region. The survey takes a snapshot of key areas of concern to multi-generational family firms from Algeria, Bahrain, the UAE, Egypt, Jordan, KSA, Kuwait, Lebanon, Morocco, Oman, Qatar, Sudan, Tunisia and Yemen. With the oldest participating family firm founded in 1865 the survey gives a rare insight into the mindset and outlook of the regions driving private companies.
As the private sector is moving from emergency response to recovery mode, the majority (51%) of survey respondents believe it will be another 18 months until economic activity reaches 2019 levels. Just 20% believe that we will return to pre-COVID economic levels by Q1 of 2021. Family Businesses will be key drivers for the future growth of the region.
For the study, the Tharawat Family Business Forum surveyed 100 owners of regional family businesses, who represented 2nd generation or older family firms from a variety of sectors and industries.