The United Arab Emirates Will Allow A Wholly-Owned Holding Industry To Relax Its Policy.

Sultan Al Mansour, Minister of economic affairs, recently announced at the national economic work conference that the United Arab Emirates is formulating a new foreign investment law, which will allow foreign capital to invest in 100% of certain designated industries.

At the same time, he also announced that in 2014, the UAE gained $13 billion in foreign direct investment, an increase of 25% over 2013.

According to the current law of the United Arab Emirates, foreign investors can only stay in Afghanistan.

A wholly owned holding company will be established.

Outside the FTA, foreign businessmen can only be established with citizens of A-Ben.

And large shareholders must be citizens of their own country.

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The United Nations Industrial Development Organization (UNIDO) has recently held seminars in Pakistan to promote climate change mitigation, adaptation and carbon emission reduction strategy for local tanneries.

In collaboration with the Pakistan leather Merchants Association, UNIDO held a seminar in Karachi in April 20th.

Arif Ahmad Khan, a senior official from the government, attended the speech on climate change.

"Water has become an increasingly scarce resource," UNIDO said after the meeting. "Pakistan has developed from a water rich country to a water stressed country.

To this end, UNIDO has proposed plans to improve the tannery industry cluster environment near Karachi, and obtain funding assistance plan implementation through the global environmental protection fund (GEF). Korangi

Arif Ahmad Khan said that the plan will receive full support from the government, but he also mentioned that private enterprises and government co improvement is very important.

The plan aims to reduce the carbon footprint of tanneries by upgrading the existing wastewater collection and pportation system as well as the overall plan for solid waste management.

Saleh Husin, Indonesia's Ministry of industry, said that in order to promote the textile, leather and footwear industry to grow 3 times its output value in 2019, the Ministry has made seven consecutive years of budgetary assistance to assist the manufacturers in upgrading machinery and equipment.

To further drive manufacturers to invest in equipment, the Ministry has set up a 100 billion rupiah (US $7 million 900 thousand) in the current (2015) budget to assist textile manufacturers to replace machinery and equipment so as to enhance industrial productivity. It is estimated that this year (2015) will drive manufacturers to invest in 1 Mega equipment to upgrade equipment, and achieve the goal of 270 trillion Indonesian shield investment in non oil and gas industry this year. The Ministry of industry also invited relevant manufacturers to apply to the Ministry by the end of June.

According to the Ministry of industry data, the Ministry has invested 1 trillion and 180 billion Indonesian shield funds to help manufacturers replace their production equipment from 2007 to 2014, and has led manufacturers to invest in the 14 trillion and 840 billion rupiah to upgrade their equipment and to replace 1 million 880 thousand machinery and equipment. However, there are still 3 million 660 thousand old machinery in Indonesia's textile related industries that need upgrading, mainly including 6 machines, looms, knitting machines and footwear.

The Indonesian textile association (API) expresses its appreciation for the government's continued assistance in the development of the textile industry, but suggests that the government should continue to sign free trade agreements to enhance the competitiveness of Indonesia's textile exports.