Executive Council Decision No. (122) of 2024 Regarding the 40th Investment Zone in the Emirate of Abu Dhabi
November 20, 2024
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Abu Dhabi’s Executive Council Decides to Convert Lands into Investment Zones: What You Need to Know
The Executive Council of the Emirate of Abu Dhabi issued some decisions regarding the conversion of certain lands into investment zones.
Executive Council Decision No. (107) of 2023
Regarding Investment Zone Thirty-Two in the Emirate of Abu Dhabi
Whereas Executive Council Decision No. (107) of 2023 has been promulgated concerning the Thirty-Two Investment Zone situated in the Emirate of Abu Dhabi, addressing the following matters:
- Approval for the conversion of the designated land, delineated in the annex (Land Site Plan), into Investment Zone 32 within the Emirate of Abu Dhabi for the Rmahan Island project. Foreign ownership shall not exceed 25%, in adherence to the regulations stipulated by the Department of Municipalities and Transport.
- Directing the Department of Municipalities and Transport to undertake requisite actions in accordance with established procedures.
As a result, the aforementioned land has been officially transformed into Investment Zone 32, with foreign ownership limited to 25%. The Department of Municipalities and Transport is thereby mandated to carry out necessary measures in compliance with the pertinent regulations in this regard.
Executive Council Decision No. (118) of 2023 regarding Investment Zone Thirty-Three in the Emirate of Abu Dhabi
Similarly, Executive Council Decision No. (118) of 2023 has been issued regarding Investment Zone Thirty-Three in the Emirate of Abu Dhabi. The Executive Council resolved as follows:
- Approval to convert the specified land, as delineated in the annex (Land Site Plan), into Investment Zone Thirty-Three in the Emirate of Abu Dhabi.
- Directing the Department of Municipalities and Transport to take the necessary actions in accordance with the applicable regulations.
Consequently, the mentioned land has been transformed into Investment Zone Thirty-Three in the Emirate of Abu Dhabi, with the Department of Municipalities and Transport being obligated to take the required measures in accordance with the relevant regulations.
Executive Council Decision No. (125) of 2023 regarding Investment Zone Thirty-Four
Consequently, Executive Council Decision No. (125) of 2023 was issued concerning Investment Zone Thirty-Four in the Emirate of Abu Dhabi. The Executive Council has decided as follows:
- Approval to convert the specified land, as outlined in the annex (Land Site Plan) , into Investment Zone Thirty-Four in the Emirate of Abu Dhabi to Industrial Centre Project.
- Directing the Department of Municipalities and Transport to take the necessary action in accordance with the applicable regulations.
As a result, the mentioned land has been converted to Investment Zone Thirty-Four to Industrial Centre Project in the Emirate of Abu Dhabi, with the Department of Municipalities and Transport being mandated to take the required measures in accordance with the relevant regulations.
Conclusion
There are several significant investment zones intended to promote economic development and attract investments. With the issuance of these decisions, the number of investment zones in the Emirate of Abu Dhabi has increased to thirty-four, distributed across various areas within the Emirate of Abu Dhabi. Investors are permitted to select from these zones. Each of these zones provides various opportunities with the objective of supporting and encouraging foreign investment in the country.
Attached is a list of investment zones in the Emirate of Abu Dhabi
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