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Wed 16 Oct 2019 02:02 PM

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Dubai sets new limits on starting state-related entities

Additional state-related firms will only be created to fulfil a national security requirement or a strategic government need

Dubai sets new limits on starting state-related entities
New government companies must operate without legislative favouritism or any additional advantages that would give them an edge over private-sector peers.

Dubai is curbing the establishment of state-related entities to ensure they aren’t crowding the private sector and holding back economic development.

Additional state-related firms will only be created to fulfil a national security requirement or a strategic government need, according to a statement by Dubai’s Executive Council.

They will only be created if the private sector is unable or unwilling to provide the services or goods needed or if the government is better-placed to offer them.

New government companies must operate without legislative favouritism or any additional advantages that would give them an edge over private-sector peers.