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23 April 2024

Over 9,514 new business licenses issued in Dubai from January to April

Photo: WAM

By Wam

The Business Registration and Licensing (BRL) sector at the Department of Economic Development (DED), Dubai, issued 9,514 new licenses from January through April 2019, a growth of 38.3 percent against the comparable period last year.

DED issued 2,805 new licenses during April 2019, a growth of 60 percent compared to April 2018 (1,753). The new licenses created 8,375 jobs in the labor market. Among the new licenses issued, 49% were professional, 48.1% commercial, 2.3% related to tourism and 0.6% industry.

The 'Business Map' digital platform of DED, which seeks to reflect the economic realities in Dubai by providing vital data on each license category including their numbers and distribution on a monthly basis, saw 29,813 business registration and licensing transactions being completed during the month of April 2019, a growth of 13 percent compared to April 2018 (26,393).

According to a press statement by DED, the outsourced service centres issued 20,724 transactions in April 2019, demonstrating their vital role in delivering value-added services to the public in Dubai. The number of DED Trader licenses during April 2019 reached 166 license, a growth of 19.4 percent compared to the same period in 2018 (139).