Abu Dhabi announces activities open to foreign ownership

“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.