Foreign investment to rise in UAE

23/03/2011 - Dubai Investment News Posted by Bob Brunskill
Foreign investment to rise in UAE

There could be a "large increase" in the level of direct foreign investment in the UAE this year, it has been claimed.

According to the region's minister of economy, greater inflows of foreign cash will come as a result of legislative reforms in the emirates, Reuters reported.

Just last month Sultan Bin Saeed Al Mansouri said that a law allowing 100 per cent foreign ownership could be introduced as early as the end of 2011.

By UAE law, only nationals are allowed full ownership of companies operating outside of free zones.

He told the news provider that there were more than 3,000 foreign companies currently operating in the UAE and said that the emirates received more than $51 billion in foreign direct investment.

This accounts for nearly 16 per cent of the total investment inflow to the Arab economies.

Meanwhile, Landmark Properties recently claimed that confidence is returning to the residential and industrial property sectors in Dubai, with an increasing number of foreign investors looking to buy property in the region.ADNFCR-2019-ID-800473760-ADNFCR