- Home
- Middle East
- UAE
- UAE provides incentives, drafts economic legislation that encourages investment: Danube Group CEO
UAE Provides Incentives, Drafts Economic Legislation That Encourages Investment: Danube Group CEO
Muhammad Irfan Published June 17, 2021 | 05:45 PM
UMM AL QAIWAIN, (UrduPoint / Pakistan Point News / WAM - 17th Jun, 2021) The UAE is a leading country in terms of providing incentives and drafting economic legislation that encourages investment and commerce.
The country offers foreign investors an array of incentives and has a competitive investment environment, especially in terms of the presence of industrial zones with modern advanced infrastructure, as well as an efficient road network and large ports and airports.
These facts were confirmed by the Indian businessman, Radwan Sagan, Founder and CEO of the Danube Group, which is in the Jebel Ali Free Zone in Dubai, in an interview with the Emirates news Agency (WAM).
During the interview, Sagan said that the UAE’s investment environment is unique, as it offers investors attractive incentives and promising investment opportunities in all sectors.
He also pointed out that he established the Danube Group in 1993, which currently operates in five sectors, which are constructions, real estate, interior design, furniture, retail, manufacturing, and food and beverage, with over 3,600 employees.
The UAE has a modern and advanced infrastructure, high-quality road and electricity networks, airports and ports, in addition to many free zones in all emirates, he added, noting that the logistical services provided by the country attract foreign investment.
The UAE’s infrastructure is also a factor in the development of world-class medical centres, IT complexes, technology centres, and modern business centres for leading business establishments, Sagan further added, highlighting the fact that the UAE has the largest shopping malls in the middle East, making the lives of foreign investors easier.
He then expressed his gratitude to the UAE’s leadership and lauded its support for foreign investors while commending the latest amendments to the Federal law regulating commercial businesses in the country, especially in terms of allowing foreign investors to own businesses in the country and cancelling a clause stipulating that foreign companies are required to have Emirati agents.
Sagan is one of the first foreign investors who received a golden residency visa.
Related Topics
Recent Stories
Rawalpindi woman gives birth to six babies
Kenya Army Chief Francis Ogola among nine others who died in Helicopter crash
Saudi FM’s visit positive, constructive one: FO
Hania enjoys vacations in London
IMF Officials assure support to Pakistan’s economy
Naqvi directs foolproof measures for protection of Chinese nationals
Israel carries out attack inside Iran, report US media
Saudi Assistant Minister of Defence calls on army chief
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 19 April 2024
Today Gold Rate in Pakistan 19 April 2024
Rock-solid Ruud racks up season-leading win in Barcelona
At UN, Iran says it will make Israel 'regret' reprisals
More Stories From Middle East
-
UAE announces ‘Zero Bureaucracy Program’ to reduce bureaucracy
3 months ago -
COP28 President-Designate welcomes Transitional Committee agreement to operationalise Loss and Damag ..
6 months ago -
Global Media Congress 2023 to feature Co-Production Majlis as a new networking platform
6 months ago -
Young female athletes shine at Abu Dhabi World Youth Jiu-Jitsu Championship
6 months ago -
King of Jordan receives Abdullah bin Zayed and ministers participating in Arab coordination meeting
6 months ago -
Abdullah bin Zayed participates in coordination meeting of Arab foreign ministers, joint meeting wit ..
6 months ago
-
3rd annual conference of Emirates Society of Clinical Microbiology kicks off in Dubai
6 months ago -
SIBF 2023 hosts Nobel laureate to discuss emergence of ‘Afrofuturism’ in global discourse
6 months ago -
ALC announces winners of Kanz Al Jeel Award 2023
6 months ago -
SIBF turns spotlight on remarkable contributions of women
6 months ago -
Global assets in spot bitcoin ETFs hit $4.16 billion
6 months ago -
Rescuers struggle to find Nepal quake survivors as deaths reach 157
6 months ago