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Thu 11 Apr 2019 02:02 PM

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Over 9,600 jobs created by new Dubai licences in March

Department of Economic Development says it issued nearly 2,500 business licences in March, a growth of 35.4% compared to the same month last year

Over 9,600 jobs created by new Dubai licences in March
The Business Registration and Licensing sector of the Department of Economic Development said it issued 2,459 new licences in March which created 9,661 jobs in Dubai.

Dubai issued nearly 2,500 business licences in March, a growth of 35.4 percent compared to the same month last year.

The Business Registration and Licensing (BRL) sector of the Department of Economic Development (DED) said it issued 2,459 new licences which created 9,661 jobs.

Among the new licences issued, 58 percent were commercial, 39.3 percent professional, 1.9 percent related to tourism and 0.8 percent industry, it said in a statement.

The Business Map digital platform of DED saw 27,531 business registration and licensing transactions in March, up 4.9 percent from 26,257 in March 2018.

Licence renewal accounted for 13,112 transactions in March while 6,125 transactions were related to auto renewal via text messages.

During March, the number of trade name reservations was 3,656, a growth of 11.4 percent, while the number of initial approvals reached 2,921, and the number of commercial permits totalled 1,677.

BRL said it also issued 190 instant licences.

The report also showed that the top nationalities who secured licences in March were Indians, followed by Pakistanis, Bangladeshis, Egyptians and Chinese.

Trade and repair services accounted for 31.3 percent of the new licences issued in March, followed by real estate, leasing and business services (27.7 percent), building and construction (14.1 percent), community and personal services (10.6 percent) and hotels group (5.5 percent).