Dubai records 61% growth in new business licences

01/06/2010 - Dubai Investment News
Dubai records 61% growth in new business licences

Posted by Bob Brunskill

Dubai's Department of Economic Development (DED) issued 1,393 licenses for various types of businesses in April 2010 - a 61 per cent increase on the same month last year.

According to official figures, most of the licenses were issued in the commercial sector with 1,060, followed by the professional sector with 305.

"The increased number of licences issued and the growth recorded are a testament to the robust performance of the economy, and highlights the success of Dubai government's policies to boost investment and drive the growth of various business sectors," said Sami Al Qamzi, DED director-general.

In addition, it was revealed that the Intlaq scheme, an initiative by DED to encourage more UAE nationals to set up businesses from home, recorded strong growth with 209 licences issued in April 2010 - a 69 per cent increase on April 2009.

DED is the government body entrusted to set and drive the economic agenda of the emirate of Dubai.ADNFCR-2019-ID-19811506-ADNFCR