UAE eyes 2m companies by the end of the decade

The UAE is targeting two million companies by the end of the decade, as sweeping reforms to the Commercial Companies Law aim to make the country one of the world's most attractive destinations for businesses, investors and entrepreneurs.

- BY DHANUSHA GOKULAN Chief Reporter

The goal was outlined by Abdulla Bin Touq Al Marri, Minister of Economy and Tourism, during a media briefing on the latest amendments to the UAE's company law.

The new changes are expected to drive faster business growth, attract foreign investment and make it easier for companies to set up, expand and operate across the UAE.

Rapid expansion

The UAE's business base has already seen rapid expansion.