UAE President issues new law on regulation and development of the industry
18 November 2022
Wail Elzain
A key enabler for the industrial sector and increasing
investment attractiveness of uae for both local and foreign investors. The Federal Decree-Law No. 25 of 2022 takes effect in January
2023 and applies to all industrial activities in the country, including those
in free, economic, and specialized zones. The Law makes it easier for entrepreneurs,
SMEs and advanced technology companies to obtain industrial licenses in UAE.
It creates incentives for the industrial sector, while
supporting national strategic objectives as well as UAEs Bilateral and
Multilateral Agreements. In collaboration with federal and local authorities, it strives
to be a key facilitator for the industrial sector and elevate investment
benefits for both local and foreign investors to boost UAEs GDP.
This strategy aims to unify industrial standards based on the
highest standards of efficiency and production, which enhances access to Global
markets and raises the competitiveness of UAE-manufactured products.
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