Middle East: Balancing Heritage and Modernity: The Role of Family Offices in the Evolving Middle East (News)

The Middle East is currently facing a unique challenge. In our rapidly changing global economy, financial success requires adaptability and innovation. However, throughout the region’s rich history, commercial success has long been intertwined with heritage, and many family businesses are now challenged to balance their heritage with the demands of a modern, interconnected world.

LGT (Middle East), part of the globally expanding LGT Group, is helping families address this challenge. Using firsthand data from its inaugural study of single-family offices in the region, The Rise of Single Family Offices in MENA, completed in partnership with Tharawat, LGT explores how the family office structure can be leveraged to integrate traditional values into financial legacy while adapting economic strategies for an increasingly interconnected world.

The Middle East has undergone a significant transformation, diversifying away from petroleum dependence and emerging as a global player. In 2022, the UAE adopted a Monday-to-Friday workweek to bridge Eastern and Western markets, and by 2024, the country is expected to attract 6,700 new millionaires, reflecting its growing global appeal.

As families and investments now span continents, globalization has left similar marks on family businesses. 53% of respondents now include a global outlook in their risk assessments, and international portfolios increasingly require tailored solutions. As a global business with regional expertise, LGT offers individual solutions that honor local legacies while addressing international opportunities. Its expansive global network also enables families to connect with peers and experts worldwide, enhancing strategies while reinforcing the importance of shared values.

中東目前面臨著獨特的挑戰。在快速變化的全球經濟中，金融成功需要適應性和創新。然而，在這個地區豐富的歷史中，商業成功與傳承長期交織，許多家族企業如今正面臨如何在傳承與現代互聯世界的需求之間取得平衡的挑戰。

LGT（中東）作為全球擴張的LGT集團的一部分，正幫助家庭應對這一挑戰。通過其與Tharawat合作完成的首份關於該地區單一家庭辦公室的研究《MENA單一家庭辦公室的崛起》，LGT探討了如何利用家庭辦公室結構將傳統價值觀融入財務傳承，同時調整經濟策略以適應日益互聯的世界。

中東經歷了重大變革，該地區正在逐步擺脫對石油的依賴，成為全球重要角色。2022年，阿聯酋採用從周一到周五的工作週，以橋接東西方市場，預計到2024年，該國將吸引6700名新百萬富翁，反映出其日益增長的全球吸引力。

隨著家庭和投資遍佈各大洲，全球化對家族企業也留下了類似的印記。53%的受訪者現在在風險評估中考慮全球視角，國際投資組合越來越需要量身定制的解決方案。作為一家具有區域專業知識的全球企業，LGT提供尊重當地傳承的個性化解決方案，同時把握國際機會。其廣泛的全球網絡還使家庭能夠與全球的同行和專家建立聯繫，增強策略的同時強調共享價值的重要性。 Full News: Preserving cultural legacy: Family office dynamics in the Middle East