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DIFC Announces a Revised Freehold Transfer Fee
April 02, 2014
DIFC Announces a Revised Freehold Transfer Fee
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UAE: Small and Medium Enterprise Law to be issued by December
October 07, 2013

The UAE’s Economy Minister has announced he expects the draft small and medium enterprise law to be issued by the end of 2013. The law will allocate government procurement contracts to small and medium enterprises under a proportional quota system. Procurement would occur if prices were more than 10% of the price of the same imported product. The Ministry is studying ways to increase SME involvement in the secondary market by giving the financial sector a greater role in SME development and encouraging youth SME participation.