Media ININ Economy We Trust
Media In – Dubai 14 March 2018 WAM
The Department of Economic Development (DED) in Dubai has achieved qualitative results in transactions completed during last February, according to the report of the business movement issued by the registration and commercial licensing sector, which indicated that the sector recorded 23,407 completed transactions and issued 1,646 new trade licenses in that period.
The results of the “Business Map” – the digital information platform for Dubai’s economy – reflect the continued economic recovery and competitiveness of companies in the Emirate of Dubai, which confirms Dubai’s ability to attract businesses and sustain sustainable growth across sectors in Dubai.
The Dubai Economic Agenda seeks to shed light on the economic climate of Dubai. The map reflects the economic activity of Dubai, the most important indicators of business entry in February 2018, and the level of recovery in the issuance of new licenses. Expansion spending policies and improvement in the pace of Dubai’s economy.
The business plan database showed that the renewal transactions accounted for 11,300 transactions. Initial approvals in the registration and commercial licensing sector amounted to 2,060 in February 2018. The trade name registration process amounted to 3,029. In terms of commercial permit procedures, 1,646 procedures. In automatic renewal, 1,644 transactions were made, then instant licenses with 11 transactions, and e-merchants transactions with 67 transactions.
The results of the business movement in February 2018 indicate the continuation of the Dubai economy in achieving its growth and making qualitative leaps in the various categories which were distributed as follows: Commercial licenses with 62.3%, professional licenses by 36.6%, industrial licenses 0.9% On a market share of about 0.6%.
