108.4 thousand commercial licenses in Abu Dhabi, a growth of 19.4%

108.4 thousand commercial licenses in Abu Dhabi, a growth of 19.4%

21 Jan 2020
Industrial Development Bureau, DED - Abu Dhabi

The number of effective commercial licenses in the Emirate of Abu Dhabi during 2019 amounted to about 108 thousand and 406 licenses, compared to 904 thousand 73 licenses during the year 2018, with a growth of 19.4%, according to a report issued by the Abu Dhabi Department of Economic Development yesterday.

The economy of the Emirate of Abu Dhabi is achieving real growth of more than 2% during 2020, according to His Excellency Muhammad Ali Al-Shurafa, Head of the Department, who indicated in a press statement that the emirate’s economy is able to continue its positive path, supported by the positive momentum in all non-oil economic activities, which confirms that The emirate’s strategy to expand the productive base and diversify sources of income is running successfully, in line with the long-term goals of Abu Dhabi’s vision.

In a press statement yesterday, His Excellency stressed the importance of the department's relentless efforts, based on its responsibility in developing and implementing specific economic measures, policies and initiatives aimed at enhancing the process of economic growth and prosperity, and keeping pace with global economic developments. His Excellency added, “The economic prospects of the Emirate of Abu Dhabi during the period (2019-2023) clearly indicate the growth of a group of vital sectors and economic activities, as a number of economic activities are expected to achieve good growth rates during the mentioned period.

In terms of manufacturing industries, a rate of growth is expected. Growth of 2.9%, transportation and storage of 1%, accommodation and food services activities, professional, scientific and technical activities at the same rate, financial and insurance activities at a rate of 3%, human health and social service activities at a rate of 3.4, education at a rate of 3.5, and entertainment arts, promotion and other service activities at a rate of 3.1, Electricity, gas, water and waste management activities at a rate of 3.2. He stressed the importance of the role played by strategic partnerships, cooperation and joint coordination between the various parties in the emirate, from the public and private sectors.

The competitiveness of the emirate and stated that the directives of the wise leadership contributed to maintaining the competitive position of the emirate; As the balance of foreign direct investment in the emirate increased by 5% to reach about 105 billion dirhams.

Procedures for starting a business. He said, “The department has been able to enhance the economic competitiveness of Abu Dhabi Emirate on the global stage, as it has made remarkable progress in the number of commercial activity starting at the end of 2018, despite Of the decrease in foreign direct investment flows worldwide by 13% during the year of its establishment For his part, Rashid Abdul Karim Al Balushi, Undersecretary of the Abu Dhabi Department of Economic Development, said that the department's achievements during the year 2019 varied between 4 main sectors and areas, including industry, business, innovation and the competitiveness of the business environment. He pointed out that the department launched 7 initiatives that fall within the business sector, namely the immediate economic license, the coordination and follow-up unit, the automatic renewal, the second phase of the digital consumer window initiative, the property certificate, technological licenses and the dual license for free zone companies in Abu Dhabi and the Price Observatory in cooperation with the Abu Dhabi Statistics Center. .

This amounted to five and a half days, compared to six days in 2018, and the emirate ranked 25 in starting commercial activity at the global level in 2019, compared to 61 during 2016. Al-Balushi added that the number of procedures for starting a commercial activity decreased to 4 in 2019, compared to 6 procedures during 2016. The number of industrial establishments into production in the year that entered 2019 amounted to about 63 establishments, compared with 42 in 2018, with a growth of 24%. . The report indicated that the total number of industrial consultations that the Industrial Development Office provided to industrial investors reached 2,823 during the year 2019, while 130 new industrial licenses were issued, in addition to conducting 750 monitoring and inspection visits to various industrial facilities within the emirate.

Commercial licenses The number of effective commercial licenses in 2019 reached a total of 108 thousand and 406 licenses, compared to 90 thousand and 731 licenses during the year 2018, recording a growth of 19.4%, in addition to the completion of 281 thousand and 667 transactions remotely during 2019, compared to 124 thousand There were 188 transactions during the year 2018, a growth rate of 127%, while during the year 2019 the department carried out more than 9,000 inspection campaigns on commercial facilities in Abu Dhabi.

The report pointed to the organization of a program of integration of 102 workshops within the field of intellectual property, in addition to supporting the registration of 28 patents during the year 2019, support for 39 application models, 39 technology start-ups and licensing 7 technological applications. The report indicated that the department issued 1149 immediate licenses, from the launch of the service in June 2019 until the end of the third quarter of last year on social media.

The report indicated that nearly 200 accounts on social media were closed, due to their violation of intellectual property laws and the laws of doing business in the emirate Abu Dhabi. During the year 2019, the department launched three main initiatives related to regulating industrial affairs and facilitating the work of factories and manufacturers within the emirate.

The number of requests submitted for the immediate exemption service for industry inputs reached 27,582 requests until the end of September 2019. The department said that 21 activities in the field of innovation and development were planned, with the aim of supporting innovators and emerging and modern companies to launch their companies, by issuing 3 activities during the time the phase was completed. The first, which was implemented last October, in addition to all activities that were implemented in the same month.