Dubai business booms as trade licenses rise

07/05/2012 - Dubai Investment News
Dubai business booms as trade licenses rise

The number of trade licenses in Dubai rose by 27% in the first three months of this year, according to new figures released by the Dubai Department of Economic Development (DED). The tourism sector led the field with a 213% surge in new business licenses, followed by the industrial sector with a rise of 71%.

The statistics are a positive sign that business in Dubai is booming, with visitor and resident numbers continuing to rise. According to DED, the figures also indicate boost ind interest in commercial and professional activities among businessmen and investors in Dubai, a move that can only spell good news for the emirate’s economy, leisure, tourism and hotel industry.