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U.A.E. Foreign Ownership Law May Be More Limited Than You Think

  • Changes will apply to industries deemed essential to economy
  • U.A.E. government official talks about the law in an interview
The Burj Khalifa tower, center, stands among city skyscrapers in Dubai, United Arab Emirates.

The Burj Khalifa tower, center, stands among city skyscrapers in Dubai, United Arab Emirates.

Photographer: Christopher Pike/Bloomberg
Updated on

A landmark law that will allow foreign investors to own 100 percent of companies in the United Arab Emirates will be limited to specific industries deemed essential to the second-biggest Arab economy, a government official said.

Authorities are still weighing what industries are to be included in the law, and the decision will be based on factors such as the ability to create jobs and transfer technology, according to Abdulla Al Saleh, undersecretary for foreign trade & industry at the Economy Ministry.