Authors: Scott Campbell, Nicholas Edwards, Patrick Sutton-Mattocks

United Arab Emirates Foreign Investment ‘Positive List’ approved

UAE Cabinet of Ministers approves the Positive List permitting greater foreign investment across 122 activities.

The Positive List has now been issued by a resolution of the UAE Cabinet of Ministers and has come into effect. 122 commercial activities across a range of sectors listed in the Positive List will be eligible for 100% foreign ownership. The market has been anticipating the formal adoption of the Positive List since a summary was published in July 2019. This follows the introduction of the new foreign investment regime in the UAE in November 2018.