Law planned to boost investment

The Government plans to increase efforts to boost foreign investment in the UAE with the publication this year of a draft law that will provide legal protection for overseas investors.

The foreign investment law will set down “systematic incentives” to attract international money to the country as it speeds up economic diversification in response to the global financial crisis.

“We are preparing a draft law that guarantees a suitable climate for investors to do business according to the fundamentals of justice,” said the Minister of Economy, Sultan al Mansouri, in a speech to the Dubai Chamber of Commerce and Industry (DCCI).