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Marcopolis presents the Saudi Arabia Report focused on the investments, doing business, economy and other topics featuring interviews with key executives. The sectors under review in this issue are industry, real-estate, ICT, investments, banking sector, telecom sector and many more.
VideosJuly 06, 2015
90% of the companies in the Middle East are family-owned
- Written by Peter Matay
- Published: July 06, 2015
Shahir A. Batterjee is managing director of Batterjee & Bros. Co.
Batterjee & Bros. Co. is one of the oldest family businesses in Saudi Arabia. According to EY family business report 90% of the companies in the Middle East are family-owned, generate 80% of the region’s GDP, constitute 75% of private sector economic activity, employ 70% of the labor force in the GCC – more than 67 million and control 98% of the oil producing companies operating in the Gulf region. Out of world’s 250 largest family businesses, 2% of these companies are located in the Middle East.
Shahir A. Batterjee, Managing Director of Batterjee & Bros. Co. talks about doing business in Saudi Arabia and family business.
