Middle East Economic Survey


No 8



UAE Issues Decrees To Establish Two Industrial Companies

UAE Minister of Economy Lubna bin Khalid al-Qasimi has issued decrees to establish two companies the Abu Dhabi Basic Industries Company and the Emirates Company for Iron Industries. The two will be headquartered in Abu Dhabi city and will each have a fully paid up capital of Dh1mn divided into 1mn shares. They will have an initial term of 50 years, renewable. The first company is...