The General Civil Aviation Authority welcomes the UAE president’s decisions on direct foreign investments
Date Published: November 20, 2018
The General Civil Aviation Authority (GCAA) welcomes the decree by law No 19 for the year 2018 issued by H.H. Sheikh Khalifa bin Zayed Al Nahyan president of the UAE on the direct foreign investment aims to strengthening and improving investment environment promotion to attracting direct foreign investments to the country to go online with the general development policies of the country.
Saif Mohamed Al Suwaidi - Director General of GCAA said, “This decree by law aims to boost the country’s position as an attractive place for foreign direct investments regionally and internationally, stimulating the most advanced technologies, training and knowledge as well as increasing the flow of direct foreign investments in priority sectors like civil aviation sector to achieve balanced an sustainable development as well as adding extra values for the UAE’s economy. The decree by law will also be a main support to the Global Investment in Aviation Summit scheduled for 27-29 of January 2019 in Dubai. The summit will invite more than 40 countries and aims to attract foreign capitals to invest in this vital sector of aviation”.