Department of Economic Development says branches of UK companies make up 28% of total foreign contingent
The number of branches of foreign companies operating in Dubai has increased to 1,985 while the number of branches of GCC companies is 833, according to the Department of Economic Development (DED).
The report issued by the Business Registration & Licensing (BRL) sector shows that British companies ranked first, accounting for 28.6 percent of the total branches of foreign companies, followed by Indian companies at 13.9 percent, and American companies at 12.2 percent.
In terms of branches of GCC companies, Kuwaiti companies ranked first accounting for 63.3 percent of the total branches of GCC companies, followed by Saudi Arabian companies at by 23.3 percent, and Bahrain companies at 19.1 percent.
“These figures reflect the attractiveness of the emirate globally as well as regionally, as it provides a business-friendly environment supported by a modern and integrated system that saves the time and effort of the business community,” said Walid Abdel Malik, director of Business Registration Division in BRL sector.
The report also highlighted the distribution of economic activities with Representative Office ranking first followed by Management Studies and Consulting, Architectural Engineering Consulting, Building construction engineering services and Marketing Consultancy and Studies.
In terms of distribution of economic activities among the branches of GCC companies, Restaurants came first followed by Perfumes and Cosmetics, Shoes, Handbags and Leather Products and Watches.