Dubai Economy, the department of economic development for the emirate, has announced that 5,885 new licenses were issued during August, up 54% compared to the same period last year, when 3,829 licenses were given.
The Business Registration and Licensing sector of Dubai Economy said of these licences, the lion's share (59%) of the new licences were professional (3,473), 40% were commercial (2,378) and 1% industrial activities.
This confirms the emirate’s constant efforts to provide a supportive environment and infrastructure for local and international businesses, it stated.
Dubai Economy pointed out that the figures reflect the ease of doing business in the emirate, and the measures taken to ensure business continuity and further simplify government procedures for businesses, thus reinforcing Dubai’s status as a global hub and the world’s best place to live and work.
Regionwise, Bur Dubai accounted for the largest share (4,299) of the new licenses issued followed by Deira (1,577), and Hatta (9).
Dubai Economy said it strives to deliver solutions that contribute to enhancing ease of doing business in the emirate and expanding investment and growth, which drives sustainable economic growth.
This highlights Dubai Economy’s vital role in providing value-added services to businesses in Dubai as well as strengthening the emirate’s economic competitiveness, including its ability to provide businesses high-growth opportunities in various economic sectors, it added.-TradeArabia News Service