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UAE and GCC allies end the dispute and restore full ties with Qatar. New ventures on queue for business capitalists
On 9th January 2021, the UAE has announced reopening its ports (sea, land and air) to Qatar marked its restored cooperation after signing the Gulf reunion at the Al Ula Summit.
The Undersecretary of the UAE’s Ministry of Foreign Affairs and International Cooperation, Khaled Abdullah Belhoul confirmed that the UAE will begin to end all measures taken against the State of Qatar.
This new permanent solidarity agreement is another Arab Gulf achievement indicative to strengthens the unity and cohesion of the Gulf, Arab and Islamic ranks.
The three-year standoff between Qatar and its immediate neighbours will benefit GCC economies, particularly the UAE in either medium and long term effect. The following industries would have an advantage:
1. Trade
2. Aviation
3. Tourism
4. Oil & Gas
5. Sports
6. Investment Channels
7. Financial Sectors
8. Service Industry
9. Real Estate
Hensley&Cook provides business advisory and set-up of companies in the GCC countries and the United Arab Emirates (UAE) and can facilitate the incorporation of companies to a number of different jurisdictions through a well-established network of partner companies.
We provide full-suite solutions which include Yacht Registration, Estate Planning, set-up of Funds with Bonds investments mainly in Asia, Merger & Acquisition and the set-up of trusts and foundations for Charity.
Contact us today to get started and take advantage of starting up a new venture with the resuming of ties between Qatar and the GCC countries.
