Dubai Issues 17% More Licences In March

Dubai’s Department of Economic Development (DED) issued 1,507 business licences in March this year, a 17 per cent increase compared to the same period in 2011, it said in a statement.

“Recent statistics have revealed the high level of interest that Dubai has generated among entrepreneurs and businesses regionally and internationally,” said Mohammed Shael Al Saadi, CEO, Business Registration and Licensing Division, DED.

“DED seeks to overcome obstacles, facilitate investment inflows and boost economic activity in Dubai,” he added.

The total number of trade names issued in March 2012 reached 6,056, a 37 per cent year-on-year rise, and the total number of transactions rose five per cent to 47,234 during the period.

Under the commercial category, dyes and paints, general trade and tiling floors and walls were the most licensed activities.

Among professional activities, cleaning services for buildings and residences led the list with 131 licences followed by electrical repair and wiring installation and restaurants.

Blacksmithing and welding workshops registered as the most licensed activity in the industrial category, followed by car assembling and manufacture of schools and hospitals furniture, said DED.