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UAE says 100pct ownership law awaits final approval

Posted on 20 June 2011

The UAE has completed the drafting of a long-awaited law that could allow foreign investors to have 100 per cent ownership in some projects and is awaiting final approval before it is enforced this year, the country’s minister of economy said in remarks published on Sunday.
Sultan bin Saeed al Mansouri also told the Arabic language daily ‘Al Khaleej’ the UAE had overcome more than “95 per cent” of the effects of the 2008 global fiscal distress and is set to become stronger than before the crisis……………………………………….Full Article: Source


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