To make Dubai a more competitive market, the government is taking many initiatives and plans to boost stock market activity by listing 10 large public sector companies. According to a Reuters news published on 17th Jan 2022, RTA (road and transport authority) has sent a request to banks to pitch their roles in the upcoming IPO of road toll operator SALIK. U. S. investment bank “Moelis & Co” has been appointed by RTA to work on this deal. In similar news published by Reuters in Nov 2021, Emirates NBD and Moelis have been hired to work on the initial public offering of Dubai Electricity and Water Authority (DEWA).
COVID has thrown many challenges in recent times and almost every part of the world has felt the jolt of it. UAE is one of those countries that bounced back stronger and better to deal with the new norms set by the pandemic. The leadership of the UAE has set an example for many countries leading from the front and doing the best in the given situation. According to Bloomberg’s Vaccine Tracker report published the United Arab Emirates become the world’s most vaccinated nation. The country has the highest number of vaccinated people.
These initiatives of large IPO of public sector companies by the Dubai Government are very encouraging and make Dubai/UAE the most competitive place in the GCC and MENA region. Many other industries are flourishing in the UAE it has opened doors wide for people across the world to come and be part of the success. Amendment to the Commercial Companies Law in June 2021 and allowing foreign investors 100% ownership of the onshore companies was a big initiative by the UAE government.
There are many advantages of the setting of companies in the United Arab Emirates. The work culture is truly cosmopolitan, with zero percent corporate income tax, 100% repatriation of money, the safest country in the world for your family, and best class
education facilities from the top-notch schools of the world have made UAE very popular destination for investors and new businessmen. A&A Associate LLC is one of the highly professional management consultancy companies in Dubai. For more information you may visit the website www.consultancy.ae and contact the best team of business setup advisors to assist you with the formation of your company in the most promising market of UAE.
Written and composed by: Mohammed Firoz Khan
Director- Business Development & Strategic Alliances