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Dubai sets up investment development agency

: Wednesday, January 29 - 2014 @ 00:00

Dubai is setting up an investment regulatory body to enhance the emirate’s position as a global business centre to attract investments into the emirate, Wam has reported. The new corporation, an affiliate of the Department of Economic Development, will be a general corporate body enjoying full legal capacity with a mandate to boost Dubai’s reputation as an international business hub for attracting investments and laying the foundation for a proper investment environment and a welcoming investment climate for investors to set up projects in the emirate, the government said.

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Wednesday, January 29- 2014 @ 0:00 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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