Capital announces implementation of ‘Foreign Direct Investment Law’

Capital announces implementation of ‘Foreign Direct Investment Law’

Capital announces implementation of 'Foreign Direct Investment Law'

an hour ago

The new licence further consolidates Abu Dhabi's position as a global hub for investment and ease in doing business.

Inayat-ur-Rahman

The Abu Dhabi Department of Economic Development, ADDED, announced the implementation of the Foreign Direct Investment Law within the Emirate of Abu Dhabi by issuing the "Foreign Direct Investment License“ which will enable investors to hold 100 per cent ownership of their businesses in Abu Dhabi. The license covers 122 different economic activities related to the agricultural, industrial and services sectors, and targets businesses with total capital ranging between Dhs 2 million to 100 million or higher.

Mohammed Ali Al Shorafa, Chairman of ADDED, said: "The issuance of the 'Foreign Direct Investment' license is line with of the provisions of the Federal Law