Dubai PR Network, Online Press Release from Dubai and Middle East
 
Government Sector(Government, Legal & Humanity)
Filter PR by
  
H.E. Al Mansoori: Decision strengthens UAE's position on the global investment map
 

H.E. Eng. Sultan bin Saeed Al Mansoori, UAE Minister of Economy, said that the recent decision of the UAE Cabinet to raise global investors’ ownership of companies to 100 per cent, and the launching of an integrated system for UAE visas aimed at attracting talents, is a landmark step that fast tracks the country’s efforts towards achieving the objectives of the National Agenda 2021. H.E. Al Mansoori added that these decisions play a significant role in enhancing the development of the country in line with the UAE Centennial 2071, by providing a distinct advantage to UAE’s competitiveness in attracting global investments and consolidating its position as a preferred destination for exceptional talents and competencies across different priority sectors and disciplines.

Al Mansoori noted that these decisions strengthen the wisdom and vision of our leadership, which continues to propel the UAE from strength to strength. He added that it underscores the UAE Government’s accurate estimation of current conditions and its capacity to anticipate future trends towards a more sustainable and progressive economy.

He said that the new 100 per cent ownership system for global investors will bolster the UAE’s image on the global investment map and major global firms will now be keen to set up branches in the country. He added that this strategic step would increase the inflow of foreign direct investments in the UAE, particularly key sectors that help boost trade and increase the number of projects and firms, which in turn will aid the prosperity of the business environment and the growth of the national economy.

He also highlighted that the UAE offers several investment-friendly advantages and incentives, whether it be in terms of strategic location, political security and stability, social and cultural openness, active economic policies, investor-friendly legislations, world-class infrastructure, professional and customized services and a global edge in terms of innovation and leadership in vital sectors such as trade, aviation, ports and logistics.

H.E. added: “Over the past years, these factors have succeeded in establishing UAE’s position as the first Arab country for attracting foreign investment. However, the new directives allowing 100 per cent ownership to foreign investors, the provision of 10-year visas for investors and their families and for those with advanced skills and expertise, represents a significant first step among many in developing a system of investment and development legislation in the country. It sends out a clear message that the UAE is one of the best destinations in the world for high-profile investors and investments, and also for innovators in various disciplines, all of which are pillars for building the economy of the future.”

H.E. pointed out that the long-term effect of these decisions would prove to be positive and strengthening for the economy because it would contribute to building human capital and nurturing national-level capacities and competencies. These landmark decisions would also help bolster innovation and creativity in the young generation, by allowing them to interact and associate with global talents and expertise, that will be attracted to this country, he said.

H.E. added that entrepreneurship, which was an important aspect in the sustainability and diversification of the economy, will be revitalized with this strategic decision as global investments and competencies in the medical, engineering and science sectors will create several opportunities for building productive partnerships and the transfer of knowledge, technology and best practices, for sustainable economic and social development.


Posted by : Dubai PR Network Editorial Team
Viewed 2385 times
PR Category : Government, Legal & Humanity
Posted on : Tuesday, May 22, 2018  9:15:00 AM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : Emirates Post Offers Valued Discounts to Six Destinations th...
Next Story : H.H Sheikh Saud Meets Palace Museum Beijing Officials in Ras...
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
GUESS Trend Alert | The Summer Blues [7058-Views]
Hair Rituel by Sisley Now available at Paris Gallery [6667-Views]
Beautiful Freaks [6490-Views]
Alfahim Announces New Three-year Partnership With UAE Triathlon Federation [6448-Views]
Danube Properties launches Dh550 million Lawnz project at International City, adding 1,064... [5844-Views]
Samsung Introduces Sunrise Gold and Coral Blue Editions for the Galaxy S9 and S9+ [5374-Views]
UAE Team Emirates Blend Youth and Experience as They Announce Line-up for Italian Showcase [5216-Views]
Back to the 90s with GUESS Originals [5051-Views]
RAYMOND WEIL Freelancer ACDC Limited Edition [4917-Views]
Shop and earn Skywards Miles at The Dubai Mall [4734-Views]
The Rado True Open Heart Automatic [4666-Views]
Keep cool with Marks & Spencer's linen collection [4599-Views]
Tommy Hilfiger introduces latest SS18 women's watch collection [4270-Views]
TAG Heuer celebrates the 50th anniversary of the Gulf victory in the 24 Hours of Le Mans [4258-Views]
Realty exhibition brings plethora of investment opportunities for expat Indians [4246-Views]
Skyline Suhoor Night 2018 [4148-Views]
What's better than a good breakfast on your Birthday? One that is free! [4136-Views]
The 22nd edition of Indian Property Show to take place in Dubai from 21-23 June 2018 [3861-Views]
Eberhard & Co. Scafograf Black Sheep [3825-Views]
Dubai Tourism Launches State-of-the-art Airport Installation to Inspire Dxb Transit Passen... [3794-Views]
Make a style statement on your wrist [3532-Views]
Learn to enhance your body and home energy quotient [3489-Views]
EU Reinforces Position at the Forefront of Global Energy Transformation, Says IRENA [3477-Views]
Fatima Bint Hazza Inaugurates Abu Dhabi Ladies' Club [3361-Views]
Sharjah's Economic Realities Focal Point of Statistics and Community Development Departmen... [3349-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories