The Dubai Department of Economic Development (DED) issued 1,151 licenses for several types of businesses in Dubai in February 2010, a 34 per cent increase from February 2009. A majority of the licenses was issued in the commercial sector (887) followed by the professional sector (249), tourism (11) and industry (4).
“DED focuses on strengthening the economic development in Dubai and one of its key functions is to encourage local and foreign investments in commercial projects, and create the appropriate environment for investors,” said His Excellency Mr Sami Ahmed Al Qamzi, Director General, DED.
“Business registration systems at DED have become efficiently streamlined and user-friendly and investors in Dubai can set up establishments with minimum procedures and paperwork. Wherever possible, the DED also facilitates investors in their dealings with other government departments,” added Al Qamzi.
The Intlaq scheme, an initiative by the Department of Economic Development to encourage more UAE nationals to set up businesses from home, recorded strong performance with 196 licences issued in February 2010, a 104 per cent increase from February 2009. The largest growth was recorded in the trade category, with 121 per cent of the total licenses issued.
‘Ready made garments’ led the list of the top 10 licensed activities in the commercial category with 159 licences issued, followed by ‘Perfumes and cosmetics’ with 123. ‘Residences and building cleaning services’ led the list of the top 10 licensed activities in the professional category with 31 licenses issued in February 2010 (5%) followed by ‘restaurants’ with 25 (4%). In tourism activities, ‘travel agencies’ and ‘internal tourism organizers’ led the list with 4 licenses each, followed by ‘hotels’ with 2 licenses in February 2010.
The total number of transactions during February 2010 reached 26,716 compared to 26,054 in February 2009, a 3 per cent increase.
© 2000 - 2019 Al Bawaba (www.albawaba.com)