Full Ownership for Foreign Investors

* username: rupertbu

The UAE might give 100 per cent ownership rights to foreign investors for major industries and projects, according to Shaikha Lubna Al Qasimi, Minister of Foreign Trade (MoFT).
“The government of the UAE is working towards preparing new economic legislations to eliminate difficulties facing the business sector in the country, enhancing the business atmosphere and the investment environment, and supporting competitiveness.”

“Such legislations tackle the spectrum of foreign investment, commercial companies, industry and competitiveness in addition to a new labour law. After getting the approval of the Cabinet, the government is determined, in some of these legislations, own high percentages of their projects, which might reach 100 per cent for major industries and mega projects,” the Minister said in an interview in the context of her visit to India to attend the India-Arab Investment Project beginning in New Delhi on Monday (February 8).