Abu Dhabi’s DED Records An Increase Of 63.9% In The Number Of Licenses Issued Compared To The 1st Quarter Of Last Year
4,813 new economic licenses were
delivered in the 1st quarter of this year in Abu Dhabi’s business sector, with
an upsurge of 63.9% compared to the same period last year where only 2,935
licenses were issued according to the Business Activity Report of Q1 2019
issued by Abu Dhabi Business Center, Abu Dhabi Department of Economic
Development (ADDED).
Mohammed Munif Al Mansouri, the
Executive Director of Abu Dhabi Business Center of the ADDED, stated that the
report shows the numerous transactional activities such as issuing new economic
licenses business in
Dubai, renewing them in accordance with type
and legal form, modifying them, and approving permits, advertisements,
violations, fees, and etc.
He stated that the report’s positive
results reflect the confidence of businessmen and investors in the economic
status of Abu Dhabi that keeps witnessing a continuous growth in both business
and financial sectors. They seem very positive about the future growth in the
Emirate due to the several initiatives and motivations carried out by online jobs Dubai the DED to facilitate the business sector in Abu Dhabi and to
promote its competitiveness regionally and globally.
Al Mansouri focused on the leading role
played by ADDED in enhancing the Emirate’s position for implementing its
economic plan driven by the wise leadership that seeks to make Abu Dhabi a
global center of investment and doing business through organizing awards Dubai commercial and economic affairs, preparing studies that include all
aspects of economic and social development in Abu Dhabi, and analyzing the
components that affect all these variables.
Al Mansouri added that, “All programs
and initiatives launched by ADDED had an important role in the development of
many new companies and in increasing the activities and business of the
existing huge projects, especially in the developed business environment of Abu
Dhabi that has a strategic location in the region as well as its developed
infrastructure and so many other economic and social strengths”.
H.E. Mohammed Munif Al Mansouri
highlighted that ADDED, represented by Abu Dhabi Business Center, is exerting
all efforts to create an exceptional business environment that can attract
investors and businessmen serving them to do their business successfully
through Dubai Vacancies launching initiatives and many licenses that can enhance the
competitiveness of the emirate.
According to the report, the new
economic licenses issued during the first quarter of this year were distributed
according to their types as follows: 4567 commercial licenses, with an increase
of 40% compared to 2779 licenses issued in the 1st quarter of 2018, 103
professional licenses compared to 49 licenses, with an increase of 52%.
Furthermore, 58 new occupational licenses were issued compared to 53 licenses
in the same period of last year with an increase of 9%.
49 tourist licenses were issued compared
to 43 licenses in the same period of last year, which indicates a 12% increase.
29 new industrial licenses were issued compared to 4 licenses, which is an
increase of 86%. 7 licenses of agricultural, livestock-wealth and fish-wealth
licenses were issued, to find a job in Dubai the same numbers of
licenses were issued in the 1st quarter of last year.
The report stated that the new economic
licenses in the 1st quarter of this year were issued according to the legal
form as follows: 3338 licenses for individual institutions, 591 new branches
for existing companies, 549 limited liability companies, 314 One-Person companies
LLC. The total number of the professional companies was 3 in addition to 16
individual media
advertising in Dubai local institutions and
2 public shareholding companies.
The report showed that the new economic
licenses included 1718 Tajer Abu Dhabi licenses reflecting that this category
is witnessing a big turnout by entrepreneurs, 197 Mobile Car Licenses, 104
Mubdia'h licenses, and 30 Dual Licenses.
The statistics of the Abu Dhabi’s economic licensing activity, in the 1st quarter of 2019, showed that 2152 permits and advertisements for license holders were issued, 2062 applications for promotional shows were accepted, and 92 applications for installing billboards for stores and shops were approved.
The statistics of the Abu Dhabi’s economic licensing activity, in the 1st quarter of 2019, showed that 2152 permits and advertisements for license holders were issued, 2062 applications for promotional shows were accepted, and 92 applications for installing billboards for stores and shops were approved.
The report mentioned that 20964
transactions for renewing economic licenses were accomplished and 10351
economic licenses were amended by adding, modifying, and changing the location,
commercial name, or the owner and commercial partners.
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