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Mundak: Variety and stronger UAE economy due to oil degradation

The United Arab Emirates has diversified its economy from oil dependence as the only source of revenue, helping to avoid the risk of oil price hikes, the recent Mondak report said.

He pointed to the tremendous development of foreign investment flows in the country that include many vital sectors and sectors, pointing out that the legislation and recent incentive decisions that allow strangers to own the full stake of the company or its branches announce new wave of investment flows in particular sectors.

The report added that by the end of 2018, foreign investors would be allowed to own all or part of the company's shares in the country, which helps attract investment and benefits from the same benefits of investing in the free zone.

Many international companies have established their headquarters in the United Arab countries in free zones to benefit from their facilities and facilities. The UAE hosts more than 30 free zones, including the Dubai Jebel Ali Free Zone and Jafza Free Zone, the Silicon Oasis Dubai and the Dubai Free Zone (DAFZA) Airport, which offer many benefits to companies, especially foreign ownership.

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