One Central – Offices No. 4 Dubai | Office: +971 45686046
ITQAN is a company that specializes in business setup and business growth

Dubai Investment and Development Authority

١٠ فبراير Dubai Investment and Development Authority

In this article, we talk about the Dubai Investment and Development Authority website, as the UAE has recently been considered one of the countries that has succeeded in attracting foreign investments, as it ranked sixth in the world in terms of foreign investment. The Dubai Investment and Development Authority website is considered one of the most important government agencies that help increase foreign investments, and also provide opportunities for successful investment in Dubai.

Investing in the UAE: 

Most of the world’s investors prefer to invest in Dubai, because it contains global commercial markets, and also contains global free zones. All of this is due to several factors present in Dubai, and also the UAE government provides them as a kind of encouragement to invest in Dubai.

The most important factors for successful investment in Dubai

First: The UAE’s strategic and distinguished location between the continents, as it connects the countries of Asia, Africa, Europe and South America, which gives its commercial markets a global character, which encourages investors to reside and invest in Dubai.

Second: The infrastructure of the UAE. The UAE is distinguished by having a good infrastructure, and the UAE allocates huge sums of money to obtain an infrastructure that suits the size of investments in it, and also prepares the way for successful investment in it.

In this regard, the Emirates is establishing a road network with international specifications for ease of movement, and linking all the Emirates to each other. It also provides a good infrastructure in its commercial markets, and also in the free zones, which is the most important in order to ensure investment in Dubai. Benefits of investment in Dubai.

The UAE has adopted many projects to develop its infrastructure, and recently announced a project to build the largest wholesale market, with an area of ​​550,000,000 square meters, at a cost of thirty billion dirhams. The UAE aims to establish this project to acquire a percentage of the global economy, which is expected to be approximately four trillion dollars in size, and this project is distinguished by a distinguished logistical location. The project is located between the Jebel Ali Free Zone and Al Maktoum International Airport, which gives great importance to this project and attracts investment in Dubai.

What is Dubai Investment Authority?

Dubai Investment Authority is a government body established in 1976 by order of Sheikh Zayed bin Sultan Al Nahyan, the founder of the modern UAE. Dubai Investment Authority is a government body, with financial allocations, which have not been announced yet, but are estimated at around $800 million. The Emirates Investment Authority was established with the aim of not making the UAE economy dependent on oil and mining alone, but opening up other areas for residence and investment in the UAE that are not dependent on oil and mining.

What is Dubai Investment Authority?

Dubai Investment Authority is a government body established in 1976 by order of Sheikh Zayed bin Sultan Al Nahyan, the founder of the modern UAE. Dubai Investment Authority is a government body, with financial allocations, which have not been announced yet, but are estimated at around $800 million. The Emirates Investment Authority was established with the aim of not making the UAE economy dependent on oil and mining alone, but opening up other areas for residence and investment in the UAE that are not dependent on oil and mining.

The most important goals achieved by the UAE Investment Authority

Since the establishment of the Emirates Investment Authority, its primary goal has been to attract foreign investments to the Emirates and acquire a share of the global economy. In this regard, the Investment Authority has concluded many agreements to achieve this goal, including the following:

First: The Investment Authority concluded an agreement with the largest bank in the United States of America, which is a bank affiliated with the Citigroup in the United States. This was in 2007, and the size of the investment in this agreement was approximately seven and a half million dollars.

The return from this agreement was investments worth 4.9% of the total value of the bank, which the Investment Authority would receive, by converting the Investment Authority’s ownership bonds into shares, but the opposite happened. The bank did not implement the terms of the agreement and breached them, and as a result, the UAE Investment Authority received large financial compensation at the time.

Second: The Emirates Investment Authority entered the field of real estate investment and concluded an agreement with Emaar to build the largest residential complex with the aim of encouraging residence and investment in the Emirates.

Conditions set by Dubai Investment Authority for foreign investment:

The Emirates Investment Authority has set some conditions for commercial and investment activities permitted to be carried out in the Emirates by foreign investors, as well as activities that are not permitted.

The activities permitted for a foreign investor in the UAE are:

First: All activities related to business management, whether for companies owned by the foreign investor or providing consultations related to the management of other companies.

Second: All activities related to ownership, whether real estate or land.

Third: All activities related to speculation in the stock exchange, and owning and selling shares.

Activities not permitted when residing and investing in the UAE:

First: All activities related to oil, petroleum or mining, whether by owning companies or businesses that manage this type of investment, or owning shares in the stock exchange related to this activity.

Second: Businesses related to aviation, such as owning and managing airlines within the Emirates, or providing any management consulting to institutions working in this field, in addition to owning shares in the stock exchange related to this activity. 

Third: All work related to the media field, in terms of owning media agencies in all their forms, whether audio, print, written or visual, and managing these agencies, in addition to providing administrative consultations to media agencies in the Emirates, as well as the possibility of owning shares in the stock exchange related to this field in the Emirates.