The total number of new licenses issued during the month of October 2019 reached 4763, which added 13,990 jobs to the labor market. The Dubai Economic Department said in a statement yesterday that the new licenses were distributed among several activities, led by professional activities by 68.1%, commercial 30.3%, tourism 1.1%, and industrial 0.5%.

The figures released by the Business Map, the digital platform of the Dubai Economic Department, confirmed that the government of Dubai continues to provide an environment conducive to doing business and the economy continues its ambitious development path towards excellence and establish Dubai as a center of finance and business at the level of the region and the world. .

Registration transactions

The report pointed out that the total registration and licensing transactions completed during the month of October, amounted to 34 thousand and 233 transactions. Outsourcing centers in different regions of Dubai have completed 26,385 transactions, accounting for 77% of total transactions, which demonstrates the vital role of these centers in providing outstanding services to the public. The figures also reflect the efforts of Dubai Economy to provide value added services to customers. In order to facilitate the conduct of business and commercial activities.

A total of 6,145 trade bookings and 5,216 initial approvals were approved, while the total number of commercial permits in October 2019 was 1,451, confirming Dubai's appeal to those wishing to do business on the one hand, as well as increasing business confidence in the robustness of the local economy. .

Instant licenses

The number of instant licenses issued in one step without signatures for the first year and exemption from the establishment contract for the same period 270 licenses, while the number of dealer license 339 licenses. Dubai's economy seeks to emphasize the role of its initiatives in fostering engagement with its private sector partners to ensure the sustainability and growth of their businesses.

As for the distribution of new licenses by nationality in October, Bangladesh came first, followed by India, Pakistan, Egypt, Jordan, Saudi Arabia, Sudan, USA, Lebanon and France. The report pointed out that the total renewal transactions reached 12,342 transactions during the month of October, including 6031 renewal transactions for commercial licenses automatically through text messages, which constitutes 49% of the total transactions, which confirms the sustainability and competitiveness of business in the Emirate of Dubai.

Business movement

The Business Traffic Report highlighted the distribution of new licenses during the month of October, according to the main regions in the Emirate of Dubai, where Deira received the largest share with a total of 2672 licenses, followed by Bur Dubai 2081 licenses and Hatta with 10 new commercial licenses.

The report showed the distribution of new licenses to the top 10 sub-regions, which accounted for 67% of all regions, where Al Garhoud came first, followed by Al Barsha 1, Port Saeed, Al Qusais Second, Burj Khalifa, First Commercial Center, Al Fahidi, Al Murar, Hor Anz, Naif.

According to the distribution of economic activities for new licenses in October, real estate, leasing and business services accounted for 46.9% of the share of activities, followed by trade and repair services (25.1%), building and construction (9.2%), community and personal services (6.4%), transportation and storage. Etisalat (5.1%), Hotel Group (2.6%), Manufacturing (1.7%), Financial Intermediation (1.1%), Health and Labor (0.8%), Construction Group (0.6%), Education (0.3%), and Agriculture (0.2%) %).

«Business Map»

Through the Business Map platform, DED seeks to shed light on the economic climate of the Emirate of Dubai, highlighting the movement of economic activity and the most prominent indicators of the movement of commercial companies monthly and the level of increase in the movement of new licenses. The Dubai Business Map on www.dubaibusinessmap.ae, or the Dubai Business Map smart app, provides a complete visualization of each category of licenses and business orientation on a monthly basis.

77%

Of the total

Transactions completed

Dubai Outsourcing Centers.