Friday, 16 December 2011

gulfnews : Revamp of ownership law in UAE urged

The government must revisit company ownership laws that dictate a local partner with 51 per cent share if the UAE's industrial sector is to develop, Abdullah Bel Houl, managing director of Dubai Industrial City, told Gulf News.

Industrial factories make up just 20 per cent of the City since its launch in 2004. Gulf News sat down with Bel Houl to discuss how much DIC is playing a role in attracting investors to the UAE's industrial sector.

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