Mr Kamal Vachani, Group Director, Al Maya Group welcomed whole heartedly the UAE Cabinet decision to grant 100% foreign ownership in 122 UAE Economic activities. This is a great step taken by His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai.
The decision of 100% foreign ownership in 122 economic activities which cover many vital sectors, including agriculture, manufacturing, renewable energy, e-commerce, transportation, arts, construction, entertainment and others will further boost the economy of the country and confidence of investors as well as residents of Dubai to invest further in the UAE.
We are indeed very happy and proud to be living in Dubai, UAE. While welcoming the decision Mr Kamal Vachani who is a long time resident of Dubai said that this decision will further stimulate the business and will attract investments, new investors and new talents and will enhance the global competitiveness of the national economy.
Mr Kamal Vachani is Group Director of Al Maya Group, Hon. Regional Director of Electronics and Computer Software Export Promotion Council (ESC) and Chairman – Dubai Chapter of Global Organization of Indian Origin (GOPIO) and longtime resident of the UAE.
© Press Release 2019