Ali Fahad Al Nuaimi, Director of Commercial Relations Department at the Department of Economic Development in Abu Dhabi, said that the number of foreign companies with branches in the emirate is currently 2200 companies, expecting a growth in the number of these companies during the next year, due to the large facilities approved by the Department this year. Five free zones in the emirate provide investment facilities.
Al Nuaimi said in a press statement on the sidelines of the inauguration of the new branch «Jumbo Electronics» in the Galleria Center on Al Maryah Island, immediate licenses accounted for 91% of the total economic licenses issued in Abu Dhabi since the beginning of this year. Local fees.
He pointed out that there are currently 4200 diversified economic activities, get instant licenses, expected to increase the number of licenses next year, after the issuance of instant licenses issued within a minute now, and facilities provided to the private sector.
Ghanem Mohammed Al Fandi Al Mazrouei, Executive Director of the International Economic Relations Department at Abu Dhabi Economy, said that Abu Dhabi is gaining the confidence of regional and international companies, as evidenced by the expansions made by many companies in the emirate over the past period. Abu Dhabi has reached in the business and investment sector, and its support to stimulate business in various fields.
Jumbo Group Chief Executive Officer, Arvid Agrol, said that the group had launched a new AED 10 million store in Al Maryah Island yesterday to open a regional office in the emirate as well as a warehouse and service center in Mussafah. To provide faster response to after-sales services.
Agrol revealed that the group plans to open two new stores next year, one in Dubai and the second in Sharjah, in preparation for Expo 2020 Dubai, noting that the exhibition will contribute to increase sales of the retail sector during the next two years.
17 thousand counterfeit items confiscated
During the third quarter of this year, the Department of Economic Development in Abu Dhabi carried out 28,993 control and inspection visits to commercial establishments in markets and outlets in the cities and regions of the Emirate, during which 514 violations were released and 17,000 counterfeit and fake items were confiscated.