The Abu Dhabi Department of Economic Development revealed a list of 1,105 registered commercial and industrial activities that are now open to partial or full foreign ownership in the emirate.
The move follows the UAE's step to allow full foreign ownership of onshore companies from June 1.
“This announcement of the list of economic activities available for foreign ownership reflects the keenness of the Abu Dhabi government to attract further foreign direct investments and to promote an open and resilient competitive business environment," Mohammed Al Shorafa, chairman of ADDED, said in a statement on Thursday.
The department is keen to continue improving the business environment and remove any impediments to investors in Abu Dhabi, Mr Al Shorafa added.
Abu Dhabi's economy is poised to grow by 6 per cent to 8 per cent over the next two years, driven by the oil sector, government spending, financial services and foreign direct investment. The emirate is also planning to deepen partnerships between the private and public sectors to increase the former's contribution to the emirate's gross domestic product.
The list of commercial activities that are open to foreign ownership is updated by the Council of Ministers, which defines the activities with a strategic impact, ADDED said.
"These activities are applied to companies licensed following the federal and local laws regulating business licensing controls according to the type of activity."
The department also said the existing companies can adjust their status provided they comply with the regulations.
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The biog
From: Upper Egypt
Age: 78
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Age: 59
From: Giza Governorate, Egypt
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Children who witnessed blood bath want to help others
Aged just 11, Khulood Al Najjar’s daughter, Nora, bravely attempted to fight off Philip Spence. Her finger was injured when she put her hand in between the claw hammer and her mother’s head.
As a vital witness, she was forced to relive the ordeal by police who needed to identify the attacker and ensure he was found guilty.
Now aged 16, Nora has decided she wants to dedicate her career to helping other victims of crime.
“It was very horrible for her. She saw her mum, dying, just next to her eyes. But now she just wants to go forward,” said Khulood, speaking about how her eldest daughter was dealing with the trauma of the incident five years ago. “She is saying, 'mama, I want to be a lawyer, I want to help people achieve justice'.”
Khulood’s youngest daughter, Fatima, was seven at the time of the attack and attempted to help paramedics responding to the incident.
“Now she wants to be a maxillofacial doctor,” Khulood said. “She said to me ‘it is because a maxillofacial doctor returned your face, mama’. Now she wants to help people see themselves in the mirror again.”
Khulood’s son, Saeed, was nine in 2014 and slept through the attack. While he did not witness the trauma, this made it more difficult for him to understand what had happened. He has ambitions to become an engineer.
