Emirates News Agency – Dubai Economy issues 32,158 new licenses during...

Emirates News Agency – Dubai Economy issues 32,158 new licenses during...
Emirates News Agency – Dubai Economy issues 32,158 new licenses during...

, November 24, WAM – The Business Movement Report issued by the Commercial Registration and Licensing Sector in the Dubai Economy showed that the total number of new licenses issued during the first ten months of 2020 reached 32,158 licenses, an increase of 6% compared to the same period last year.

The new licenses were distributed during this period among several activities, foremost among which were professional activities, at a rate of 57%, followed by commercial activities, 42%, and then tourism and industrial activities.

The numbers – recorded on the Dubai Business Map / www.dubaibusinessmap.ae/ the sector’s digital platform – reflect the efforts made by Dubai Economy to provide value-added services to clients in order to facilitate doing business and commercial activities.

The report sheds light on the distribution of these licenses according to the main regions in the Emirate of Dubai, and the lion’s share was for Bur Dubai, with a total of 16,199 licenses, then Deira with a total of 15,908 licenses, and Hatta with 51 new commercial licenses.

As for the distribution of the new licenses according to the top ten sub-regions, they were as follows: Burj Khalifa, Garhoud, Al Fahidi, Oud Al-Muteena III, Port Saeed, Trade Center 1, Oud Maitha, Al-Khubaisi, Al Nahda I and Umm Ramool.

The report indicated that those who possessed new licenses during the first ten months of this year amounted to 102,072, of which the percentage of businessmen constituted about 89%, then businesswomen by 9%, and the rest of the percentages for companies and groups.

As for the legal form of the new licenses that were issued during the first ten months of 2020, individual establishments accounted for about 38% of the total, while establishments with limited liability accounted for 32%, and civil works followed by 26%.

The rest of the list of legal forms included each of the Limited Liability Company – Single Person / LLC. A branch of a company based in another emirate; A branch of a company / institution based in a free zone, a branch of a foreign company, a branch of a Gulf company, a private and solidarity shareholding, a cooperative society, a public shareholding, an institution, a simple recommendation, a government liaison office, and an international organization.

The report showed that the most prominent economic activities for the new licenses during the first ten months of 2020 were as follows: project management services, paints and paints, floor and wall paving works, carpentry works, flooring, building and housing cleaning services, plaster works, plumbing and sanitary installations, installation of air-conditioning and ventilation systems, air purification and maintenance, and installation Wallpaper and installation of suspended ceilings and light partitions.

The figures confirm that Dubai’s economy will continue to support and enhance the ambitious development path of the Dubai economy towards excellence, and the consolidation of the emirate’s position on the economic map as a center for finance and business at the regional and global level, as well as strengthening cooperation with the private sector as it is an effective partner for the government sector, with its influential role in supporting the march of Economic development, and achieving the ambitious vision of the United Arab Emirates in various fields in general, and the Emirate of Dubai in particular.

Through the Business Map platform, Dubai Economy seeks to shed light on the economic climate of Dubai, as it reflects the economic activity of the emirate, and the most prominent indicators of the monthly movement of commercial companies.

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