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Find out moreWelcome to the first edition of Law Update for 2025. As we begin this exciting year, we are pleased to turn our attention to one of the most dynamic sectors in the UAE and the broader GCC region – healthcare. Over the past several years, the region has seen unprecedented growth in this sector, driven by legislative advancements, technological innovations, and the increasing focus on sustainability and AI. As such, healthcare is set to be one of the most important sectors in the coming decade.
In this issue, we explore key themes that are significantly shaping the future of healthcare in the UAE, such as recent changes in foreign ownership laws. These reforms present a major opportunity for foreign investors, opening up new avenues for international collaborations and improving the overall healthcare infrastructure. The changes in ownership laws are an important milestone, and we provide an analysis of what this means for the industry and the various players involved.
Read NowFollowing the Kuwait law alert we issued last week, Law No.1 of the year 2024 (“Law 1/2024”), amending Article 24 of Decree No. (68) of 1980 promulgating the Commercial Law (“Commercial Law”) and Article 31 of Law No. (49) of 2016 promulgating the Public Tenders Law (“Tenders Law”) has been officially published in the Kuwait Official Gazette dated January 21 2024 and shall take effect from the date of its publication.
We anticipate that each Ministry will issue resolutions relating to Law 1/2024 and provide practical guidance to its implementation in due course.
Please see here for an informal translation of the amendments and the explanatory memorandum.
We are available to offer additional information on this recent development and can assist your organization in navigating the new regulatory landscape.
To learn more about the details of this alert, please reach out to one of our key contacts.
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