UAE approves 100% foreign ownership in 13 sectors

@HHShkMohd/ Twitter

The UAE Cabinet has approved a decision to allow up to 100 per cent foreign investment in as many as 122 economic activities across 13 sectors.

Agriculture, manufacturing, renewable energy, e-commerce, transportation, arts, construction and entertainment are among the sectors that will be fully open to foreign ownership.

The decision was taken during a Cabinet session chaired by His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai.

 

More from Business

Latest Local News