Long-awaited changes to the legislation governing the process of doing business in Dubai will be analysed in a forthcoming report to be produced by the global publishing firm, Oxford Business Group (OBG).
The Report: Dubai 2015 will shine the spotlight on the emirate’s highly-anticipated Companies Law, which, once ratified, is expected to be instrumental in attracting new foreign investment. The publication will also provide extensive coverage of the recently-issued 2014 Federal Law for SMEs, which is earmarked for a key role in supporting and promoting entrepreneurial development.
OBG has signed a Memorandum of Understanding (MOU) on research with Dentons for its forthcoming report. Under the MOU, OBG will have access to the firm’s resources, which will be used to compile the Law Chapter of The Report: Dubai 2015. The collaboration marks a third year of partnership for the two firms, with Dentons having contributed to OBG’s two most recent publications on the emirate.
Regional Director for Middle East, Jana Treek, said she was delighted that OBG’s team in Dubai would benefit once again from Dentons’ in-depth knowledge of the emirate’s legal framework. “Dubai’s new laws form a key component of the emirate’s bid to attract new investment and drive non-oil growth,” she said. “Investors have already noted the emirate’s dramatic financial recovery and successful Expo 2020 bid. I’m sure they will be keen to learn more about the legislative changes still to come and how they could impact future investment decisions.”
Michael Kerr, Middle East Managing Partner at Dentons, added that the new regulations governing Dubai’s real estate market had already produced significant results. “Dubai has invested heavily in key areas of its economy, including real estate and infrastructure, to facilitate the shift away from a reliance on hydrocarbons, and the changes to its legal framework – both implemented and planned – reflect this commitment,” he said. “We expect the emirate’s Companies Law to clarify and simplify the rules on foreign ownership of companies, which will be welcome news for investors. I look forward to working with Oxford Business Group’s team to ensure business leaders are given the information they need on these and other crucial legal developments in Dubai.”
This year’s report will shed further light on the DIEDC Islamic Economy and Dubai Smart City and also the increasing regulations of the real estate market.
The Report: Dubai 2015 will be a vital guide to the many facets of the emirate, including its macroeconomics, infrastructure, banking and other sectoral developments. It will also contain a wide range of interviews with leading political, economic and business representatives, including the Chairman and Director General of the Roads and Transport Authority Matar Al Tayer, the Director General of the Dubai Land Department Sultan Bin Mejren and the CEO and MD of the Dubai Electricity and Water Authority Saeed Al Tayer. The publication will be available in print and online.