UAE provides rich investment environment: UAE Economy Minister
"Had the government not been interested and directly involved in creating the infrastructure in the UAE and enacting suitable legislations, there would have been no chance to attract foreign investments", she said.
"The UAE is working to encourage foreign investments alongside the local investments and the Ministry of Economy is working on a unified law on foreign investments", she remarked adding that the UAE and Russia signed agreements on protecting foreign investments and double-taxing to overcome barriers to boosting economic and investment cooperation as well as attracting more Russian investments to the UAE.
Noting that the Russian community's huge investments in the UAE real estate sector were boosted after the UAE had enacted law on foreign ownership of real estates, Al Qassimi said foreign investments and purchases of real estates in the UAE is relatively encouraging and effective laws in each emirate encourage investors to buy real estates, protect their rights to eventually contribute to the economic activity.
"Had the UAE investment laws not been encouraging, there would not have been a large number of investors and there this increase in FDI would not have taken place", she stressed.
Speaking on the UAE's interest in attracting more Russian tourists, Al Qassimi said since tourism is one of the main sectors of the UAE economy, the government has laid out plans for summer and winter programmes and hundreds of exhibitions, conferences and events.
"With a population of around 4 million people, the UAE receives more than 8 million tourists yearly. This notable success has accounted for boosting revenues of such vital sector away from oil reflecting positively on the UAE economic diversification policy in place for decades." The number of Russian tourist to the UAE went up to half a million, Al Qassimi said adding that the friendly relations between Russians and Arabs account for attracting more Russian tourists to the country. Source
"The UAE is working to encourage foreign investments alongside the local investments and the Ministry of Economy is working on a unified law on foreign investments", she remarked adding that the UAE and Russia signed agreements on protecting foreign investments and double-taxing to overcome barriers to boosting economic and investment cooperation as well as attracting more Russian investments to the UAE.
Noting that the Russian community's huge investments in the UAE real estate sector were boosted after the UAE had enacted law on foreign ownership of real estates, Al Qassimi said foreign investments and purchases of real estates in the UAE is relatively encouraging and effective laws in each emirate encourage investors to buy real estates, protect their rights to eventually contribute to the economic activity.
"Had the UAE investment laws not been encouraging, there would not have been a large number of investors and there this increase in FDI would not have taken place", she stressed.
Speaking on the UAE's interest in attracting more Russian tourists, Al Qassimi said since tourism is one of the main sectors of the UAE economy, the government has laid out plans for summer and winter programmes and hundreds of exhibitions, conferences and events.
"With a population of around 4 million people, the UAE receives more than 8 million tourists yearly. This notable success has accounted for boosting revenues of such vital sector away from oil reflecting positively on the UAE economic diversification policy in place for decades." The number of Russian tourist to the UAE went up to half a million, Al Qassimi said adding that the friendly relations between Russians and Arabs account for attracting more Russian tourists to the country. Source
No comments:
Post a Comment