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03 March 2024

Investors still favour Dubai: DED statistics


By Staff Writer

The number of issued Dubai business licences increased slightly in the fourth quarter of 2008 and 429 new licences were issued in the first two weeks of 2009, according to data published by the Department of Economic Development.

Sami Dhaen Al Qamzi, Director General of the DED, said the trend highlighted the strong underlying foundations of the emirate’s economy.

“The fundamentals of the city – its pro-business environment, unmatched location, government responsiveness and transparency, world-class infrastructure and quality of life – continue to be strong. Investors see and seek out the strengths and unique value propositions that Dubai offers, and this is reflected in the levels of new business registrations,” Mr Al Qamzi said.