Investors repose trust in Dubai economy as new licences surge 19% in Q1
muzaffarrizvi@khaleejtimes.com
Filed on May 24, 2021
Of the new licenses issued in the first quarter of 2021, 58 per cent were professional (8,935), followed by 41 per cent commercial activities (6,290), and the rest distributed among the tourism and industrial activities.
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Dubai Economy issues 15,475 new licenses during Q1 2021, a growth of 19% over Q1 2020; The number of business registration and licensing transactions reached 99,887; Licence renewal transactions increased by 4% and auto renewal transactions by 16%
Dubai has once again proved its economic resilience by regaining trust of investors as it recorded 19 per cent year-on-year growth in new trade licences during the first quarter of 2021, latest data shows.