The Business Traffic Report issued by the Dubai Economic Registration and Licensing Sector showed that the total number of new licenses issued during last November amounted to 3818 licenses, which contributed to the addition of 10 thousand and 821 jobs to the labor market.
The report indicated that the new licenses were distributed among several activities, led by professional activities at 70.4%, commercial 27.7%, tourism 1.5% and industrial 0.4%.
The Dubai Economy said in a statement yesterday that the figures issued by the "Business Map", the digital information platform, confirm the Dubai government’s continued provision of a suitable environment for doing business and the continuation of the economy in its ambitious development path towards excellence and the consolidation of Dubai's status as a center of money and business at the level of the region and the world, And to be the headquarters of international companies.
The Business Traffic report highlighted the distribution of new licenses during November 2019 according to the main areas in the Emirate of Dubai, where the Bur Dubai region won the largest percentage with a total of 2214 licenses, and then the Deira region 1599 licenses, and the Hatta region by five new commercial licenses.
The report indicated that the total number of completed registration and commercial licensing transactions during the past month amounted to 28 thousand and 919 transactions, indicating that outsourcing centers located in various regions in Dubai have completed 21 thousand and 940 transactions, which constitutes 76% of the total completed transactions, which shows the role It is vital for these centers to provide distinguished services to the public. The figures also reflect the efforts made by Dubai Economy to provide value-added services to customers in order to facilitate the conduct of business and commercial activities.
According to the report, the process of reserving commercial names amounted to 4996 procedures, while the number of initial approvals reached 4224 procedures, while the total number of commercial licenses last November reached 1371 permits, which confirms Dubai's attractiveness to those wishing to engage in commercial activities on the one hand, along with increasing confidence Businessmen are strong in the local economy. He explained that the number of instant licenses issued in one step without a site for the first year and an exemption from the establishment contract for the same period is 270 licenses, while the number of "merchant licenses" reached 293 licenses.
New licensing activities
The Business Traffic Report issued by the Dubai Economic Registration and Licensing Sector stated that the economic activities of the new licenses during the past month were distributed as follows: Real estate, leasing and business services acquired (45.5%) of the activities share, followed by trade and repair services (24%), and building and construction (8%), community and personal services (7.4%), transportation, storage and communications (6%), hotels (3.8%), manufacturing (2.7%), financial intermediation (0.9%), health and work (0.6%), and contracting ( 0.6%), education (0.3%), and agriculture (0.2%).