In the first quarter of this year, 4813 new economic licenses were registered in the Emirate of Abu Dhabi with a noticeable increase of 63.9% compared to the same period last year, reaching 2935 licenses, according to the results of the report of the commercial activity movement for the first quarter of 2019 issued by the Center Abu Dhabi Department of Economic Development - Abu Dhabi.

Mohammed Muneef Al Mansouri, Executive Director of Abu Dhabi Business Center, said that the report monitors the movement of issuing new economic licenses and renewing them according to type and legal form, modifying them, approving permits, declarations, violations and fees.

The results of the positive report reflect the continued confidence of businessmen and investors in the economic situation of Abu Dhabi, which is still witnessing a continuous growth of the business sector and the optimism of future growth in the Emirate under the initiatives, programs and incentives implemented by the Department to facilitate the business sector in Abu Dhabi and enhance its competitiveness at the regional and international levels. .

Al Mansoori pointed to the role of the leadership role in enhancing the Emirate's position and contributing to its economic plan, driven by wise leadership, to make Abu Dhabi a global center for investment, living and business development through the organization of economic and commercial affairs, the preparation of studies covering all aspects of economic and social development in Abu Dhabi, Which affect these variables.

Al Mansoori added that the programs and initiatives launched by the Department have played an important role in the growth of the number of new companies and increase the activities and projects of major and existing projects, especially in view of Abu Dhabi's advanced business environment, its strategic location in the region and its advanced infrastructure and other components. Economic and social strategy ".