UAE President issues new law on regulation and development of the industry

18 November 2022

Wail Elzain

A key enabler for the industrial sector and increasing investment attractiveness of uae for both local and foreign investors. The Federal Decree-Law No. 25 of 2022 takes effect in January 2023 and applies to all industrial activities in the country, including those in free, economic, and specialized zones. The Law makes it easier for entrepreneurs, SMEs and advanced technology companies to obtain industrial licenses in UAE.

It creates incentives for the industrial sector, while supporting national strategic objectives as well as UAEs Bilateral and Multilateral Agreements. In collaboration with federal and local authorities, it strives to be a key facilitator for the industrial sector and elevate investment benefits for both local and foreign investors to boost UAEs GDP.

This strategy aims to unify industrial standards based on the highest standards of efficiency and production, which enhances access to Global markets and raises the competitiveness of UAE-manufactured products.

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