Dubai saw 12% rise in new business licenses in Q4 2013

February 6, 2014 11:25 am

Dubai’s Department of Economic Development (DED) has said the number of business licences issued by the department over the fourth quarter of 2013 climbed 12% year-on-year, as economic activity and investor confidence remained on an upward curve, Arab News has reported. The DED issued a total of 4,573 licences during the quarter, as the tourism sector saw a 29% year-on-year increase in licensing activity, with the commercial and professional sectors also witnessing 12% and 11% increase, respectively. “More and more investors will step forward as Dubai pushes ahead with adding new economic sectors and enhancing competitiveness as well as ease of doing business,” said DED’s deputy CEO of business registration and licensing sector, Saeed Matar Al-Marri.