Dr. Nasser Saidi’s comments appeared in the Arab News article titled “Economic boost tipped after UAE company ‘game-changer’” and can be accessed directly here.
Comments are highlighted below.
Economics expert Nasser Saidi said: “The liberalization of foreign ownership laws breaks down major barriers to the right of establishment. The reform is a game-changer.”
“It will encourage foreign direct investment, but also lead to a recapitalization of jointly owned companies and encourage entrepreneurs to invest in businesses and new ventures. Importantly, it will encourage the retention of savings in the UAE,” Saidi added.
“Along with the change in visa regulations, the new reforms will boost the UAE’s growth prospects,” Saidi said.