October 30, 2017 Optimum_me

Dubai witnesses strong economic activity

Dubai – Economic activity in Dubai remained positive during the first nine months of this year with 10 new company licences being issued in every business hour.

As many as 15,268 new business licences were issued by Dubai’s Department of Economic Development including 1,152 in September alone as the emirate continued to attract investors looking at competitive locations.

Accounting for 65 per cent of the total, commercial licences took the lion’s share with 9,978 licences, followed by professional licence at 4,997 – accounting for 33 per cent of the total. While industrial and tourism licences made up one per cent and 0.9 per cent with 158 and 135 licences – respectively. The number of industrial and professional companies grew 5.3 per cent and 10.7 per cent, respectively.


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Source: Zawya


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