Sami Al Qamzi, Director of the Department of Economic Development in the Emirate of Dubai, expected that foreign investments in the emirate would increase by 35% in light of the amendments to the Commercial Companies Law in the UAE.

According to Arabiya Net, Al-Qamzi pointed out that these amendments will have far-reaching effects on the flows and quality of foreign and domestic investments and the overall process of economic growth in its various dimensions in the country. / p>

And Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE, issued a decree by law that provides for amendments to the UAE Commercial Companies Law that allow foreigners to establish and own companies 100%. < / p>

Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, announced the amendments to the law, indicating that the UAE now has a legislative environment Fertile for establishing businesses and projects.

Sami Al Qamzi, Director General of Dubai Economy, said that these amendments represent a qualitative leap in developing the investment environment in a way that enhances the country's regional and international status as an investment and trade center, in the context of seeking The permanent government of the Emirates to provide an excellent environment for doing business.

It is expected that these adjustments will have far-reaching effects on the flows and quality of foreign and domestic investments, and the overall economic growth process in its various dimensions in the country. On the one hand, allowing foreigners to establish and own companies 100%, will lead to a significant increase not only in the inflows of foreign investments, but also by a not only class of residents, as these amendments allow full freedom for investors to manage and operate their own investments These amendments will not only attract large companies and huge investments, but will also encourage individual investors and many residents to invest, especially in the small and medium enterprises sector, which is an essential part of production chains.

On the other hand, investors will have strong incentives to enter into long-term investments in sectors of vital importance to the economy, such as manufacturing, high-tech industries, and the digital economy. , Entertainment industries, engineering and legal consulting services, which leads to enhancing competition in the market between existing local companies and companies with foreign capital, and leads to the creation of partnerships or acquisitions that contribute to improving the efficiency of business management; This improves the Quality of Investment, and contributes to the acceleration and sustainability of the economic growth process.

And although the country ranks high according to the Global Competitiveness Index (25th internationally and first in the Arab world), these ...