Building Wealth for Generations

What does a family legacy mean in a constantly changing world? Wealth or sustainable wealth across generations? This question has never been more acute than in the Gulf Cooperation Council, a region of phenomenal wealth in the midst of rapid socio-economic transformation. Wealth is not permanent. A lack of strategy will see first-generation wealth dissipated by the second, with third-generation descendants left with little more than (hopefully good) memories. That is the situation that exists for far too many families who do not take the steps to protect their legacy. The Gulf region is witnessing the golden age of economic diversification. As nations across the region commit funds for high-end technologies, green energy solutions, and future industries, the GCC continues to establish itself as a global growth leader. The underlying question that drives this dynamic change is the need to chalk out its course further while holding on to past laurels peacefully co-existing. These significant changes have made structured wealth management within families a necessity, not a luxury, as families in the GCC adapt to them. But that preparation means systems designed for the present day, not obsolete views of the region. This book seeks to celebrate the fact that Arabs are among the top performers in global business, technology, and finance.