Family-owned businesses generate approximately 60% of the UAE's GDP, but many across the Gulf face significant generational succession challenges. An estimated $500 billion to $700 billion in regional private wealth is projected to be transferred by 2035, prompting governments to introduce formal governance and dispute-resolution frameworks.
GCC Secretary General Jasem Mohamed Albudaiwi met with China's Vice Minister of Commerce Li Chenggang in Doha to review ongoing Free Trade Agreement negotiations. Both sides reviewed technical working group progress and emphasized addressing trade obstacles to accelerate signing. The pact is intended to boost trade and investment flows between China and GCC member states, including the UAE.
Foreign direct investment inflows into GCC economies grew 18% in 2025 to $99 billion, with the UAE securing approximately $48 billion, according to UN Trade and Development. Concurrently, Chinese and UAE officials met in Beijing to align long-term strategic plans following record bilateral trade and surging Gulf sovereign investments.
Chery Group plans to increase overseas-manufactured vehicles to 70% of its international export volume by 2030, according to Drive Arabia. The Chinese carmaker expects overseas production to exceed 50% by late 2026 and reach 60% in 2027. While local assembly continues in Egypt via GB Auto, the group has not confirmed new assembly facilities in the UAE or Saudi Arabia.
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