Foreign Direct Investment Unit is to be established

The President of the UAE, Shaikh Khalifa Bin Zayed Al Nahyan, has issued Decree No.19 of 2018 on Foreign Direct Investment. According to the law, a Foreign Direct Investment Unit is to be established in the Ministry of Economy, which is responsible for proposing foreign direct investment policies in the UAE and determining its priorities, setting up associated plans and programmes and work on their implementation following their approval by the UAE Cabinet. The unit will also be responsible for establishing a comprehensive database for UAE investments, including data on existing FDI projects, and will review and update information on a periodical basis. The unit will also oversee the creation of an attractive environment for foreign direct investment, facilitate the procedures for registering and licensing foreign direct investment projects, as well as monitor and evaluate their performance in the country.

• Type:

  • Treatment and operation (Other)
  • Promotion and facilitation (Other)

• Industry:

  • Not industry specific

• Sources:

  • News Letter, President issues decree on foreign direct investment, https://gulfnews.com/uae/government/president-issues-decree-on-foreign-direct-investment-1.2295708, 30 Oct 2018