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Dubai Economy issues close to 20,000 licenses in 2017

Women investors comprise 12 percent of licensees, with trade, real estate, and construction forming the top three activities

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The Business Registration & Licensing (BRL) department of Dubai Economy issued 19,877 new licenses in 2017, distributed over Commercial (64.3 percent), Professional (33.8 percent), Industrial (1.1 percent), and Tourism (0.9 percent).

Trade and repair services accounted for 33.8 percent of the economic activities in the emirate, followed by real estate, leasing and business services (22.4 percent), building and construction (15.2 percent), community and personal services (10.8 percent), hospitality and hotels (6.3 percent), transport and storage (3.2 percent), manufacturing (2.9 percent), financial brokerage (2.2 percent), health and labor, agriculture (0.7 percent each), and education at 0.6 percent.

Among the new licenses issued in the year, 12 percent went to women. The top nationalities among the new license holders were Indians, Pakistanis, and Egyptians, followed by Saudis, Britons, and GCC nationals. Saudis ranked second in terms of market share, followed by Omanis, Kuwaitis, and finally Bahrainis in that order.

The 'Business Map' tracks BRL activity and seeks to reflect the economic realities in Dubai by providing vital data on each category of licenses including their numbers and category-wise distribution as well as investor trends on a monthly basis.

 

 

Source

Dubai Economy