Data reflecting the great confidence of local and foreign investors in the national economy

The issuance of 9913 new economic licenses in the first week of 2021

Attractive events, foremost of which are «Expo 2020 Dubai» generators operating and attracting investment.

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The positive indicators shown by a group of economic and commercial activities with the beginning of 2021 strengthened the elements of optimism quickly and the readiness of the various Emirati economic sectors to achieve more activity in the coming months, on the basis of what the economic performance data showed at the end of 2020, in terms of remarkable growth numbers in Many service and productive sectors.

New licenses

The latest data on licenses for economic activities registered in all the emirates of the country show that 9913 new licenses were issued during the first week of 2021, according to the National Economic Registry.

These data reflect the great confidence of local and foreign investors in the national economy, and its high ability to face challenges and turn them into opportunities, supported by the stimulus packages and initiatives launched by the federal and local governments.

Motivational packages

The emirate of Dubai concluded the year 2020 by issuing its fifth economic stimulus package, worth 315 million dirhams, for the period from January to June 2021, bringing the total value of the economic packages presented to 7.1 billion dirhams.

The latest stimulus package for Dubai comes in the context of a comprehensive federal program in which the emirate of Abu Dhabi expanded in record numbers at the regional level, and in which all the emirates of the country participated, with initiatives aimed at sustaining construction with economic achievements, and ensuring sectoral partnerships in sustainable development.

private sector

It is noteworthy that the recent reading of the UAE PMI showed growth in the non-oil private sector to 51.2 points, up from 49.5 in November 2020, in an indication of the private sector's ability to sustain growth and expand demand and export.

External demand, particularly from the Gulf countries, achieved the highest numbers in 15 months, in light of the offers of price cuts made by some companies.

The remarkable rise with which the UAE economy concluded the year 2020, in its performance data on demand and export, and in the numbers of new commercial licenses, re-highlights the outlook for 2021 with an objective vision that called for justified optimism, while the crowd of attractive events, foremost of which is «Expo 2020 Dubai», reinforces the elements of optimism With more activity, as generators of employment and attracting investment, it expands the ability of the UAE economy to sustain development with a close vision.

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