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More Licenses for New Business Handed Out in Second Quarter of 2010

UAE : 31 August 2010

The Department of Economic Development (DED) in Dubai reported that 4,101 new business licenses were handed out in Q2 of this year, an increase of 17 per cent over the first quarter and 17 per cent over Q2 of last year.

Most of those were commercial industry business licenses (3,094), although the licenses issued in the professional sector number 914 and the industry sector claimed 64, according to the DED.

The top ten licensed business activities in the commercial sector were led by “ready-made garments” with 536, with “Perfumes and cosmetics” trailing just behind with 433 licenses issued and “General trade” claiming 431.

Of the top ten licensed business activities in the professional sector, “Restaurants” was number one with 135 issued.  “Residences and building cleaning services” followed closely with 131 issued, “Café” claimed 68, there were 62 issued for “Selling snacks” and 60 for “Men’s barber.”

The industrial sector was led by “Metal work industry” specifically for construction that had seven issued licenses.  “Blacksmith and welding workshops” had six and three other business activities had four issued each: “Construction of metal industry;” “Construction of metal parts;” and “Mirror and glass work.”

The DED reported that there were 101,982 total transactions during Q2, which was 13 per cent higher than the 90,638 from the second quarter of 2009.

There were 22,842 licenses renewed and 12,897 licenses amended, up 21 per cent from the 10,689 amended in Q2 of 2009. Great news for the UAE economy as a whole as well as the jobs market in the GCC.

Paul Holdsworth, Staff Writer, Gulf Jobs Market News
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