United Arab Emirates (UAE) Government, early next year, aims to publish a list of the sectors in which it will permit foreign ownership of up to 100 percent, UAE Minister of Economy, H.E. Sultan Bin Saeed Al Mansoori, said.
He predicted that with the implementation of the “2018 Foreign Direct Investment Law”, foreign investment will grow between 15 and 20 percent next year.
He stressed that the law allows foreign ownership up to 100 percent, which is integrated with the visions and strategic plans of the Country and contributes to enhancing the innovative environment, transfer of technology and modern and advanced technologies, and helps in meeting development needs, providing employment opportunities, training national cadres, and achieving high added value to the Country's economy.
FDI inflows to the UAE accounted for $10.4 billion in 2017, a growth of 7.8 percent over the previous year.
Source (Al-Hayat newspaper, Edited)
