To make Dubai the preferred destination for doing business and investment activities

Trakhees completes 43,000 transactions during 2021

• Trakhees has strengthened, during 2021, the mechanism for completing the relevant transactions in Dubai.

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• Abdullah Belhoul: "(Trakhees) aims to develop and expand services for the benefit of individuals and companies, and consolidate Dubai's position in the business field."

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The Department of Planning and Development “Trakhees”, the regulatory arm of the Ports, Customs and Free Zone Corporation in Dubai, succeeded in completing more than 43,000 transactions through the Licensing Department during 2021, with a growth rate of 16% compared to 2020, when about 37,000 transactions were completed. With regard to government services and licensing services for the local law systems and the free zone law.

The CEO of the Department of Planning and Development "Trakhees", Eng. Abdullah Belhoul, stated that the department has strengthened, during 2021, the mechanism for completing the relevant transactions in the Emirate of Dubai, by adopting a culture of excellence in performance to ensure the happiness and satisfaction of customers, stressing that "the continuous improvement initiatives launched by ( Trakhees) aims to develop and expand services for the benefit of individuals and companies, and consolidate the unique position occupied by Dubai in the field of business, in line with the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, aimed at making Dubai a preferred global destination for investment. ».

directions and initiatives

Belhoul stressed that "these trends and initiatives contributed to stimulating economic growth and enhancing the attractiveness of the business environment to investors in the emirate, as this resulted in a growth in the customer base of the Trakhees Department in 2021 to reach 2,070 customers, an increase of 117%." Trakhees is keen to intensify its efforts to provide all forms of support that guarantee ease of doing business and enable companies to take full advantage of the exceptional ingredients and competitive advantages enjoyed by the free zones that come under the supervision of the Ports, Customs and Free Zone Corporation, as an ideal environment for incubating various activities. Economics and doing business in Dubai.

local licenses

Regarding local licensing services, the CEO of the Department of Planning and Development “Trakhees” explained that 12,482 transactions were completed for the year 2021, compared to 9,981 transactions during 2020, which reflects an increase in the growth rate of 25%, adding that 1,364 local licenses were issued. During the past year, compared to 813 licenses for the previous year, with a growth rate of 68%, more than 1,800 new trade names were reserved in the special development areas that fall under the supervision of the Ports, Customs and Free Zone Corporation, with a growth rate of 92% compared to 2020. .

Belhoul explained: "In total, about 53% of the total local licenses were issued for the benefit of the International City, with 727 licenses. Then the Jumeirah Village came in second place, followed by the Dragon Mart, then Palm Deira, followed by Palm Jumeirah."

the free zone

The total number of transactions related to free zone services increased during 2021, reaching 6148 transactions, compared to 4,641 transactions in 2020, with a growth rate of 32%, as 488 new licenses were issued under the free zone law system, with a growth rate of 123% over the year 2020. In addition, 1,226 licenses were renewed, and 318 licenses were modified by the Free Zone Law system during the past year.

Regarding government services transactions, Belhoul pointed out that the growth in the number of transactions and permits at the level of the Trakhees Department was accompanied by a growth in the number of work permits issued by the department, reaching 6884 work permits approved in Dubai during 2021, compared to 2460 work permits issued during 2020. With a growth rate of 180 percent.

• 117% growth in the department's customer base to 2,070 customers.

Establishment card in free zones

The transactions related to issuing the facility card in the free zones under the supervision of the Department of Planning and Development “Trakhees” reached 249 transactions during the past year, compared to 59 transactions during the year 2020, with a growth rate of 322%.

The CEO of the Department of Planning and Development "Trakhees", Eng. Abdullah Belhoul, added that the "Trakhees" department aspires during 2022 to achieve a series of positive results at the level of services provided by the department, such as issuing commercial licenses and issuing work permits, and other services, stressing that the efforts of the Department of Planning and Development "Trakhees" The department comes as a continuation of what Dubai offers of incentives and facilities that ensure business continuity and sustainability.

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