Dubai Economy records 83% growth in DED trader licences in H1 2020

Dubai Economy records 83% growth in DED trader licences in H1 2020

Zainab Mansoor

Sunday 05 July 2020

The number of DED trader licences issued in June 2020 reached 577

The Department of Economic Development (DED) trader licences, that enable startups in the emirate of Dubai to conduct business activities online and across social networking mediums, has seen an 83 percent increase in issuances from January to June-end this year.

The trader licences were launched by the Business Registration and Licensing (BRL) sector, news agency WAM reported.

The total number of licences issued in H1 this year totalled 1,947, compared to 1,064 issued during the the year-earlier period.

The number of DED trader licences issued in June reached 577, an increase of 163 per cent compared to 219 in June 2019.

Dubai Economy focuses on lending support to DED trader licence holders by signing partnerships with government and private sectors to facilitate their business as well as open new channels for increased cooperation.

While the total number of DED trader activities is 382, and the DED trader licence groups tally 82, the number of permitted activities in a single licence is ten, provided that they are consistent within the same group category.

"Lifestyle Coaching“ led the list of activities issued since the launch until the end of June 2020 followed by