A collaborative research project between New York University Abu Dhabi and Tharawat Family Business Forum
Family histories are an integral part of multigenerational continuity; stories of triumph, defeat, and overcoming adversity allow family members to learn from the past and maintain family values. According to Communications Strategist, Mai El-Kinawi, family histories also represent an opportunity to connect with others through relatable experiences – for family and non-family members alike.
Experience shows how legacy can inspire innovation and entrepreneurship. Coming up in the family business, Abdulrahman AlBassam took inspiration from his great grandfather, Abdulaziz Ali AlBassam, who founded and then led AlBassam and Sons for over half a century.
Alexander Nehme did not intend to write a book when he set out to capture his family’s history and values through the entrepreneurial journey of his father. However, it soon became apparent that putting his family’s legacy into print was more than just an act of preservation.
Historian and political scientist Dr. Frauke Heard-Bey believes the Gulf’s unique tribal makeup has helped spread the benefits of industrial growth among local interests. She concludes that these same forces that have shaped the region over the last century will play a critical role in the future of family business.