UNITED ARAB EMIRATES – Dubai FDI signs partnership with Musthafa & Almana

February 2013

India is a major focal point of our strategy and Dubai since long has been a preferred destination for Indian investors

DUBAI FDI, the foreign investment office in the department of economic development (DED) in Dubai, has appointed advocates and consultants Musthafa & Almana as its legal representatives and advisors in India as part of facilitating investment and setting up businesses in Dubai.

A memorandum of understanding (MoU) to this effect has been signed by Fahad Al Gergawi, chief executive officer of Dubai FDI, and Musthafa Zafeer O.V., managing director and senior lawyer of Musthafa & Almana.

Dubai FDI targets to attract, grow and retain foreign direct investment (FDI) into Dubai, while also enhancing the overall investment landscape. The core objective is to develop and sustain a competitive investment environment to support, stimulate and grow key economic sectors, job creation and community support in line with the Dubai Strategic Plan, eventually enabling Dubai to realise its vision of being a preferred investment destination globally.

“Dubai FDI has built a growing network of international investment promotion agencies and business facilitators to enable investors worldwide to leverage the advantages of Dubai as a competitive hub. India is a major focal point of our strategy and Dubai since long has been a preferred destination for Indian investors,” commented Al Gergawi.

“We expect remarkable FDI outcomes from India in 2013, and Musthafa & Almana being an international law firm with their strong presence in India as well as the UAE, was a good choice to represent us,” added Al Gergawi.

Musthafa & Almana has their offices in India, UAE and the UK and also has a separate entity in Dubai providing FDI consultancy and professional services to investors round the globe.

“It is a privilege and recognition for Musthafa & Almana to be the legal representative and advisors for Dubai FDI in India. Our unique positioning as experts in UAE laws as well as those in India and presence in both countries will enable us to provide the high quality counsel and professional services as demanded by the partnership,” said Musthafa.

“Recent trends show that more and more Indian Investors are keen to enter Dubai and our offices across India in partnership with Dubai FDI will offer all assistance required to facilitate their entry,” added Musthafa.

The partnership will guide new investors through various stages of the investment process, including advising them on the business location, the legal structure that best fits their needs as well as linking them to government and non-government bodies as required.

Additionally, the team will offer ongoing support for the growth and expansion of companies once they set up in Dubai and help voice investor concerns.

As a launch initiative of the partnership, Musthafa & Almana will conduct a nationwide legal road show in India namely ‘Destination Dubai – Legal Route for Investments to Dubai.’ The inaugural event will be held in the national capital New Delhi in March 2013 followed by Mumbai , Bangaluru , Chennai, Hyderabad , Kochi and Thiruvananthapuram.