Foreign Direct Investment

UAE Federal Cabinet approves Positive List of activities eligible for up to 100% foreign ownership.

By Christopher Lester and Connie Leung

WAM, the Emirates News Agency, reported on 2 July 2019 (the WAM Report) that the UAE Federal Cabinet has approved 122 economic activities across 13 sectors that will be eligible for up to 100% foreign investment (the July 2019 Cabinet Decision). This approval is the latest development in the UAE’s move towards encouraging foreign direct investment in priority sectors