Abu Dhabi issues laws on regulating relationships between public and private sectors25-02-2019
Earlier this month, President His Highness Sheikh Khalifa bin Zayed Al Nahyan decreed two (2) new laws for the year 2019 concerning the establishment of Abu Dhabi Investment Office (“ADIO”) and Public-Private Partnerships (“PPPs”). The Law is aimed to provide guidance to investors and promote the United Arab Emirates’ capital, Abu Dhabi, as a global investment destination.
ABU DHABI INVESTMENT OFFICE (“ADIO”)
The newly established Investment Office aims to implement a comprehensive strategy to increase inward Foreign Direct Investment (“FDI”) in Abu Dhabi within priority sectors such as but not limited to technology, tourism, and advanced manufacturing.
REGULATION STRENGTHENING RELATIONSHIP BETWEEN PUBLIC AND PRIVATE PARTNERSHIP (“PPP”)
Amongst other incentives and as part of FDI strategy, ADIO will incorporate a PPP Centre of Excellence, which will act as a platform to develop investment models for international and local investors.
The PPP structure is anticipated to increase FDI inflows into Abu Dhabi and improve private sector functions, particularly in the fields of technology, urban infrastructure development, education, healthcare, housing, and transportation.
HOW TLG CAN HELP?
TLG’s Corporate & Commercial Division would be pleased to provide you with assistance and support in assessing the applicability and/or impact of this new provision on your business. Our Team retains due expertise in advising on all maters pertaining to company incorporations, corporate governance and corporate structures within the UAE and across the Middle East North Africa Region.
Should you have any questions and/or queries, please feel free to contact TLG’s Corporate & Commercial Division for further information you may require.
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