Dubai Department of Economic Development issues 1,298 licenses in June 2012
- United Arab Emirates: Monday, July 30 - 2012 at 15:23
- PRESS RELEASE
The Dubai Department of Economic Development issued 1,298 new trade licenses during June 2012, indicating a growing interest in commercial and professional activities among businessmen and investors in Dubai. Commercial licenses accounted for 72% of the total licenses issued, followed by professional (25%), industrial (1%) and tourism (2%).
The number of reserved trade names reached 5,157 in June, a 13 per cent increase compared to the same month in 2011, and the number of initial approvals reached 2,422, an 11 per cent increase year on year.
The total number of commercial activities licensed in June 2012 was 3453, with General trade leading the list of the top 10 licensed activities (146 licences) followed by Dyes & paints (112 licenses); Tiling of floors and walls (102); Readymade garments (101); Perfumes and cosmetics (101); Carpentry and flooring (99); Sanitary extensions & wares (98); Installation of suspended ceilings and light partitions (98); Installation of air conditioning systems, ventilation and air purification (95) and Textiles and fabrics (83).
The number of professional activities licensed in June 2012 reached 897 with Residences & building cleaning services leading the list of the top 10 licensed activities in this category with 60 licences, followed by Restaurants, Sewing, Embroidery, Cafes and Printing.
In the tourism sector, Inbound tourism was the leader with 10 licenses, followed by Hotels, Travel agent (7), Hotel apartment rentals, and Tourism trips.
In the industrial activities category, Metal for building construction, and Raw plastics led the list of licensed activities with two licenses each, followed by Meat products, Poultry products, Ships, Juices, Tents and umbrellas, Clothes, and Schools & hospitals furniture.
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