UAE President issues new law on regulation, development of industry
President His Highness Sheikh Mohamed bin Zayed Al Nahyan, issued Federal Decree-Law No. 25 of 2022 On 9th November 2022. The new law will become effective as of January 2023, and will be applied to all industrial activities in the country, including free, economic, and specialized zones. The law allows the creation of a package of incentives and enablers for the industrial sector that support national strategic objectives to increase industrial competitiveness. The decree-law enhances the role of the Ministry of Industry and Advanced Technology (MoIAT) in promoting investment in the UAE, as well as in