The United Arab Emirates are evaluating the possibility of removing the current 49% limit on foreign control of businesses in the country. The announcement was made by the Minister for the Economy, Sultan Al Mansouri, who promised a new law on foreign investment that would allow 100% foreign ownership in certain strategic economic sectors outwith the free zones.<\/p>\n
The new law would probably be modelled on the one currently in force governing military procurement. It would apply the offset principle: 100% ownership in exchange for technology transfers and support for innovation in sectors the government views as strategic. As regards the timescale for the new law, Al Mansouri was non-committal. He indicated, however, that a first draft has already been approved by a Justice Ministry committee and by the Council of Ministers. More economic news, in Italian, from Cameroon<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"The United Arab Emirates are evaluating the possibility of removing the current 49% limit on foreign control of businesses in the country. The announcement was made by the Minister for the Economy, Sultan Al Mansouri, who promised a new law on foreign investment that would allow 100% foreign ownership in certain strategic economic sectors outwith […]","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[3,6],"class_list":["post-56087","post","type-post","status-publish","format-standard","hentry","category-approfondimenti","tag-diplomazia-economica","tag-mediterraneo-e-medio-oriente"],"_links":{"self":[{"href":"https:\/\/www.esteri.it\/en\/wp-json\/wp\/v2\/posts\/56087","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.esteri.it\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.esteri.it\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.esteri.it\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.esteri.it\/en\/wp-json\/wp\/v2\/comments?post=56087"}],"version-history":[{"count":0,"href":"https:\/\/www.esteri.it\/en\/wp-json\/wp\/v2\/posts\/56087\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.esteri.it\/en\/wp-json\/wp\/v2\/media?parent=56087"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.esteri.it\/en\/wp-json\/wp\/v2\/categories?post=56087"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.esteri.it\/en\/wp-json\/wp\/v2\/tags?post=56087"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}