Foreign firms to be allowed 100 per cent ownership in Abu Dhabi's Special Economic Zones

Foreign firms will be allowed 100 per cent ownership in Abu Dhabi's Special Economic Zones as part of the emirate's diversification plan and to lure investment, a top official said on Wednesday, according to Gulf News.

"The 100 per cent ownership rule will apply to companies in Industrial City of Abu Dhabi (ICAD-2) and will eventually be applicable to companies in ICAD-1 and all the upcoming SEZ's."