- 1,105 commercial and industrial activities are listed
- Existing companies can change status
ABU DHABI: The Abu Dhabi Department of Economic Development (ADDED) has announced a list of 1,105 registered commercial and industrial activities that are open to ownership by natural and legal non-citizens, WAM reported.
This enables them to fully or partially own commercial companies to practice these activities in Abu Dhabi.
The list includes a broad range of activities from manufacturing to equipment rental and photography to running a zoo.
“This announcement reflects the keenness of the Abu Dhabi Government to attract further foreign direct investments and to promote an open and resilient competitive business environment,” said ADDED Chairman Mohamed Ali Al Shorafa. “The decision is one of many decisions and initiatives to provide incentives for the private sector in Abu Dhabi and to enhance the status of Abu Dhabi on the global investment map.”
The list of activities available for foreign ownership was decided by the Council of Ministers according to what would have the biggest strategic impact.
Existing companies have the right to adjust their status, provided they comply with the regulations on activities or other applicable restrictions, in accordance with ADDED-adopted procedures.
Over half of Lebanon’s GDP comes from remittances, report says
Of those households, 32 per cent reported that without remittances, they could not cover expenses. Forty-one per cent told the Mercy Corps, a humanitarian NGO, that they could not cover most basic needs without financial help from abroad. Households receive...
Cuyahoga County approves $5 million innovation fund with Cleveland Foundation to stop overdose deaths, as guided by forthcoming advisory committee
Cuyahoga County Council on Tuesday voted to turn over $5 million to the Cleveland Foundation to fund innovative solutions to the county’s opioid epidemic. What those new strategies will be or how much money they receive will largely be up to a 9-member advisory...
Our Businesses
Businesses We Endorse
Submit your event
We will be happy to share your events. Please email us the details and pictures at publish@profilenewsohio.com
Address
P.O. Box: 311001 Independance, Ohio, 44131
Call Us
+1 (216) 269 3272
Email Us
Publish@profilenewsohio.com