Khaleej Al Muhairbi, Chairman of Gulf Arab Investment Company, has called for amending and developing new legislation that will enhance investor confidence in the national economy and reduce costs for employers to help attract more investors to the state, inject new investments and start their business in various sectors. .
Al Muhairbi stressed the importance of introducing more new development projects that will be a major engine for the national economy and business sectors in the UAE to stimulate economic growth and support economic growth. Which have had a negative impact on a number of economic sectors, such as mortgage finance, SME financing, and lending to investors and individuals, limiting the role of these banks in stimulating economic activity in the country.
Al-Muhairbi pointed out that many government fees are still high, such as the fees imposed on real estate trading in Abu Dhabi, for example, stressing the importance of reducing real estate fees to stimulate the buying and selling in the real estate market.
He explained that real estate companies exempt investors from registration fees and made easy offers in the payment of real estate payments in an attempt to increase sales in real estate projects and stimulate the movement in the real estate sector.
He said that the amendments to the real property law had a positive impact on the real estate sector in Abu Dhabi, in light of expectations of rising prices of housing units and land in the investment areas available to resident investors and foreigners.
He stressed that the various government agencies concerned with economic affairs respond actively to investors and businessmen, in an effort to support the national economy and provide facilities and incentives, and this is to enhance investor confidence in the national economy, and attract more new investors.
Al Muhairbi stressed the importance of combining the efforts of all governmental and semi-governmental entities, the private sector and banks to stimulate the economic movement of the UAE, drive economic growth, attract more investments and capital, and enhance investor confidence in the national economy based on the country's security and stability. For investment and accommodation.