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Emirates NBD RISE - Dubai May Ease Restriction for Foreign Investors

Dubai May Ease Restriction for Foreign Investors

Posted 2013-02-01 11:22:22

Dubai, seeking to attract more investment, may let citizens from five other Gulf Arab countries establish businesses along with foreign partners but without having to include domestic investors, the government said.

The Department of Economic Development has formed a committee to study applications from nationals of the Gulf Cooperation Council and will evaluate them based on how valuable the projects are to Dubai’s economy, the department said in a statement.

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