UAE investment minister says financial services are top priority

UAE Minister of Investment Mohamed Hassan Alsuwaidi said on Wednesday that financial services are a top priority for the Gulf state as they have a significant growth potential.

Speaking at a conference in Abu Dhabi, Alsuwaidi said company law needs to be reformed or enhanced.

“Areas that need improvement, and that’s something we’re working on … so companies law, some reform around that I think still needs to enhance,” he said.

Saeed Al Awar, Head of Middle East at Rothschild & Co, speaking on the same panel, said global private equity firms are pursuing domestic opportunities in the UAE.