From next Tuesday, there will be no shareholding limit for non-UAE nationals
Etisalat first opened up to foreign ownership in 2015
The company will hold a board meeting on January 20
The new decision is hoped to enhance the UAE’s attractiveness for investment and business growth
The sectors include space, agriculture and renewable energy, among others
The law establishes ‘positive’ and ‘negative’ lists of sectors open to more than 49 per cent foreign investment
Both changes are expected to boost the country’s economic competitiveness
Previous attempts to introduce the legislation have been met with opposition from some Emiratis
The Capital Market Authority isaid last month that it would open the market in the first half of next year.