UAE made another historic announcement on Tuesday as it offered up to 100 per cent foreign ownership in 122 economic sectors.
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, made the announcement on Twitter.
"Today, I chaired a session of the Council of Ministers in Abu Dhabi, during which we adopted a resolution allowing 100 per cent foreign ownership in UAE's 122 economic sectors - giving foreigners 100 per cent ownership of their investment. Sectors include agriculture, manufacturing, renewable energy, e-commerce, transportation, arts, construction, entertainment among others."
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