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04 March 2020
ECONOMY

UAE to allow full foreign ownership in some sectors

The UAE holds 40 per cent of foreign direct investment in the region with $140 billion

The positive list will take everyone into consideration/Bloomberg

by Kudakwashe Muzoriwa

The UAE has approved the list of economic sectors eligible for full foreign ownership in 122 economic activities in the industrial, agricultural and services sectors, according to local newswire, WAM.

HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, said, “The positive list will take everyone into consideration and our instructions are to create the best business environment for the local investors and foreign investments, which are the driver of investment in the country.”

Sheikh Mohammed said that the UAE has become a key destination that attracts investments and talents, as well as increase flow of investments in key sectors thanks to success opportunities it offers.

“We have the flexibility to keep pace with all global changes including economic ones,” said Sheikh Mohammed.


RELATED STORIES: HH Sheikh Mohammed bin Rashid Al Maktoum UAE foreign direct investment

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