UAE: 665,246 Business Licences Issued in July

  • Date: 07-Aug-2020
  • Source: Al Bawaba
  • Sector:Economy
  • Country:UAE
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UAE: 665,246 Business Licences Issued in July

Based on these figures, the issuance of licences in the country is expected to surge in the coming months, which will support the overall growth of the national economy despite the slowdown in many regional and global economies, reported Emirates news agency Wam.

The register is a federal e-platform that was established as part of the Government Accelerators initiatives and is managed by the Ministry of Economy. The initiative aims to strengthen the UAE's stature as a pioneering country in adopting knowledge-based economic tools, by providing accurate, comprehensive and immediate data on issued business licences.

The register's data showed that over 81 percent of licensed businesses are located in Dubai, Abu Dhabi and Sharjah.

Dubai accounts for some 46 percent of the country's total licensed businesses, Abu Dhabi for 23 percent and Sharjah