- 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.
Santander UK fined £108m over money laundering failings
Santander has been fined £107.8m over "serious and persistent gaps" in its anti-money laundering controls which opened the door to "financial crime". The financial watchdog said the bank "failed to properly oversee and manage" systems aimed at verifying information...
Lebanon fails to elect new president in ninth electoral session
Lebanon's divided parliament failed for the ninth time to elect a successor to former president Michel Aoun, extending the power vacuum ― the country has been without a president and been ruled by a caretaker government with limited powers since May. The parliament...
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