New Dubai business licences create 8,348 jobs in May

Dubai issues 2,599 new licences during May, a growth of 50% compared to the year-earlier period
New Dubai business licences create 8,348 jobs in May
By Sam Bridge
Mon 17 Jun 2019 04:10 PM

Dubai issued 2,599 new licences during May, a growth of 50 percent compared to the year-earlier period, the Department of Economic Development (DED) has announced.

The DED's Business Registration and Licensing sector said the new licences created 8,348 jobs in the labour market.

Among the new licences issued, 54.7 percent were professional, 42.7 percent commercial, 1.8 percent related to tourism and 0.8 percent industry.

The Business Map digital platform of DED saw 24,992 business registration and licensing transactions being completed during the month.

The report also showed that the top nationalities who secured licences in May were: Bangladeshis followed by Indians, Pakistanis, Egyptians, Brits, Chinese, Saudis and Jordanians.

Real estate, leasing and business services accounted for 35 percent of the new licences issued, followed by trade and repair services (28.6 percent), community and personal services (13.3 percent), building and construction (9.8 percent), transport, storage and communications (4.3 percent).

For all the latest business news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.

Subscribe to our Newsletter

Subscribe to Arabian Business' newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.