Foreign Investors in UAE will now have ownership of up to 100% of businesses in the investment zones

In its most recent efforts for attracting foreign investment, the UAE is preparing a draft law which would allow the foreigners to own up to 100% of businesses in the maritime industry following certain criteria. The Chairman, as well as, the Infrastructure Development Minister of the United Arab Emirates’ Federal Transport Authority, Abdullah Al Nuaimi stated last week that the legislation, which is likely to pass in the first six months of....