BILLIONAIRES CIRCLE TO SUPPORT THE THABAT VENTURE BUILDER

Aligning with the focused vision to boost family businesses’ contribution to GDP to $320 billion by 2032, the 20th Global Family Office Investment Summit in Dubai, to held from October 18 to 20, 2022, is targeting to attract billions of dirhams in investment to the UAE, in line with the Vice President, Prime Minister and Minister of Defence of the UAE, HH Sheikh Maktoum bin Mohammed Al Maktoum’s latest programme Thabat Venture Builder.

Commenting on the upcoming event, Sir Anthony, Chairman of Ritossa Family Office, said: “Under the directives of HH Sheikh Mohammed bin Rashid Al Maktoum and the wise leadership of Sheikh Maktoum Bin Mohammed Al Maktoum, Thabat will not only propel the growth of family businesses and support the UAE’s overall economic trajectory, it will also act as a catalyst for more family office contributions to tackle some of the most pressing socio-economic challenges facing the Mena region.”

“There has been no shortage of supportive initiatives aimed at enhancing the role of the UAE—leaders, companies and people—in its advance into a more prosperous future. In line with such efforts, I’m a firm believer in the power of family offices as an economic engine and a force for good within the UAE and across the wider region,” Sir Anthony added.

Celebrating its 20th global anniversary and 13th Summit to be held in Dubai, the Global Family Office Investment Summit promises to garner extensive support for development programmes such as Thabat.

Ritossa said: “Thabat will not only propel the growth of family businesses and support the UAE’s overall economic trajectory, it will also act as a catalyst for more family office contributions to tackle some of the most pressing socio-economic challenges facing the Mena region.”

“There has been no shortage of supportive initiatives aimed at enhancing the role of the UAE—leaders, companies and people—in its advance into a more prosperous future. In line with such efforts, I’m a firm believer in the power of family offices as an economic engine and a force for good within the UAE and across the wider region,” added Ritossa.

The two and a half days of exchange in Dubai will provide insights into how family offices can invest for a brighter future, how to grow and preserve wealth, and how to invest responsibly in various sectors including education, healthcare and emerging technologies. The Summit also aims to elevate the discourse on the importance of building a family legacy in a region where family businesses constitute up to 90% of all companies, employ 80% of the workforce and contribute 60% of the GDP.

His Highness Sheikh Maktoum bin Mohammed said: “Family businesses represent one of the key pillars of the UAE’s economic vision and strategy, and are among the highest priorities on the country’s development agenda. Family businesses constitute a key engine of growth and are a vital element of our plans to promote development driven by knowledge, innovation and creativity.”

“The ‘Thabat’ programme seeks to support and enable family businesses to diversify into new business sectors, in line with the UAE’s vision for the next fifty years,” His Highness added.

The programme aims to transform 200 family business projects into major companies by 2030 with a market value exceeding Dh150bn ($40.84bn) and annual revenues of Dh18bn.

“As we roll out the red carpet for the 20th Ritossa Global Family Office Investment Summit, I am tremendously grateful to be here with so many special VIP Speakers, Delegates and Honoured Guests. You are traveling from near and far to join our “family of family offices” for this important occasion and I appreciate you more than you can ever imagine. Together, we represent the world — and it truly means the world to me!”

“During the course of our Summit Series, we have hosted more than 6,100 global leaders, entrepreneurs, family offices, private investors, Sheikhs, and royal families from 55+ countries representing wealth of more than $4.5 trillion. We have raised a significant amount of capital to fuel the growth of leading global start-ups, entrepreneurs, funds, and philanthropic endeavours. In addition, we have collectively donated to leading foundations and charities committed to making a positive global impact. While the past few years have been challenging in light of the health pandemic, it has been refreshing to see the amazing resilience of our family office community. The fact that we supported each other during difficult times says a lot.” said – Sir Anthony Ritossa, Chairman of Ritossa Family Office & Founding Host of Ritossa Global Family Office Investment Summits, UAE.

“Family Offices Uniting Together & Investing For A Brighter Future” is the theme for our Dubai Summit & will act as a bridge between Middle East families and their European, U.S., Asian, Latin American & Israeli counterparts to meet, network and exchange information and ideas to start the journey of discovery and venturing together between likeminded peers in a safe-harbour environment.

It is a great pleasure to be the Grand Ambassador for the 20th Anniversary Ritossa Global Family Office Investment Summit in Dubai October 18-20. Welcome to Dubai! Whether you are a fellow Emirati, a first time visitor, or a frequent guest here in our beautiful city, I am so glad that you are here with us today for the grand occasion of the 20th Summit. For me personally, it has been so rewarding to see the Summit Series evolve through the years. The breadth and depth of the discussions never cease to amaze me, and I always feel energized by the tremendous energy shared by our “family of family offices.” said Mohamed Al Ali, CEO of Al Ali Holdings and CEO & Advisor of Sheikh Ahmed Al Maktoum International Investments Enterprise.

Mohamed Al Ali, CEO of Al Ali Holdings and CEO & Advisor of Sheikh Ahmed Al Maktoum International Investments Enterprise, further said: “Over the years, the UAE has cemented its position as a leading investment hub and a melting pot of impact investors, especially now with COP28 around the corner. Homegrown businesses and advocacy groups such as the Ritossa Summits play a key role in boosting responsible investments from the UAE and to the world. It is time we made ‘profit with purpose’ the new norm.”

In June 2022, the 19th Ritossa Family Office Investment Summit was held in Monaco under the High Patronage of HSH Prince Albert II of Monaco, bringing together dignitaries from the world’s leading families to discuss investments for a better tomorrow. The Summit was attended by HRH Prince Michel de Yougoslavie and HRH Prince AbdulAziz Bin Faisal AlSaud.

Hosted by Sir Anthony Ritossa, Chairman of Ritossa Family Office, headquartered in Dubai, with deep roots into the Middle East, Europe & USA, Sir Anthony is a family office influencer, thematic investor with interests in private equity, real estate, blockchain companies, mentor, philanthropist, and a 2021 nominee for the Nobel Peace Prize. This is the 20th Anniversary event in a Global Series covering Dubai, Monaco, Riyadh and Miami – and the 13th in Dubai. The most recent Summit in Monaco made global headlines as the most significant & influential gathering of world leaders and family office investors of all time. Over 400+ Elite Family Offices, Prominent Conglomerate Business Owners, Sheikhs, Royal Families, Private Investment Companies, International Business Mogels, Sovereign Wealth Funds, & industry professionals representing over $4.5 trillion in investor wealth and making it the world’s most influential gathering of elite family office decision makers, with an investor delegate ratio of 3:1.

Ritossa Summits have so far hosted more than 6,100 world leaders, family offices, investors and entrepreneurs from over 55 countries, representing $4.5 trillion in wealth. The Summits have raised $2.8 billion in purpose-driven investments globally and enabled more than 50 international companies and family offices to relocate or open representative offices in the UAE, bolstering the nation’s status as a global economic powerhouse.

“I am grateful to be recognised as the world’s number one family office conference. It is the largest and most influential gathering of family wealth, representing US$4 trillion Together we convene to discuss Amplifying the Positive Value of Family Office Investments for the Good of Humanity.”

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– Sir Anthony Ritossa, Chairman, Ritossa Family Office and Host, Ritossa Family Office Investment Summits.

Sir Anthony Ritossa’s conferences are valuable for families from the Gulf Cooperation Council (GCC): Saudi Arabia, Bahrain, Kuwait, Oman, the United Arab Emirates and overseas to share their family journeys, and how to build a winning mindset best.

“I believe that, fundamentally, we all want to be the best version of ourselves – within our families, our relationships with others and, ultimately, our wealth. There is a revolution unfolding on the balance sheets of the world’s corporations that holds a lesson for families with wealth”

“The Explosion of Intangible Assets”. I am pleased that our summits act as an informative platform for our attending families.”

Sir Anthony Ritossa