The Cabinet of Ministers in the United Arab Emirates has approved the new foreign ownership rule for its 122 economic activities – including assets in the energy and infrastructure sectors – for up to 100%. 

The 122 economic activities across 13 sectors include renewable energy, space, agriculture, and manufacturing industry. The investors can now have an opportunity to acquire various shares in a number of economic activities including the production of solar panels, power transformers, green technology, and hybrid power plants. Other sectors included are transport and storage, which allows investors to own projects in the field of e-commerce transport, supply chain, logistics, and cold storage for pharmaceutical products.

Other sectors include hospitality and food services, information and communications, as well as professional, scientific and technical activities, administrative services, support services, educational activities, healthcare, art and entertainment, and construction. Local governments will determine the ownership percentage of foreign investors in these activities.