Aramex founder calls for change in UAE ownership laws | The National:
"The UAE should change ownership laws if it wants more innovation, Fadi Ghandour, the founder of Aramex, said at the Abu Dhabi Media Summit.
“We need the ability to tread between free zones and onshore,” he said. “I love free zones but I want equal partnerships. There is nothing wrong with them, it brings more investment, more nurturing.”
Mr Ghandour, a Jordanian who has been living and doing business in the UAE for 33 years, hit out at the 51 per cent share that foreign owners must give up to an Emirati partner if they wish to start a business outside of a free zone."
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