UAE FCCI: More than a million licenses registered in the UAE 2022

UAE FCCI: More than a million licenses registered in the UAE 2022

H.E. Marwan Hussein Al Shaali, Member of the Board of Directors of the Ajman Chamber of Commerce and Industry (ACCI), stated that the UAE continues to establish its position as one of the most competitive and advanced economies in the world, by developing innovative strategies that support growth and economic diversification and raise economic development indicators, in addition to enhancing integration between the government and private sectors by launching a series of national projects and initiatives and consolidating the country's position as a global investment destination, praising the efforts of the private sector in supporting economic, investment, and trade relations between the UAE and major partners around the world, in line with the UAE's vision and directions for the next 50 years.

Al Shaali revealed that the economic indicators reflect the remarkable development and growth of the UAE economy, as the year 2022 witnessed a growth of the UAE GDP by 7.6%, and the total economic licenses registered in the country reached more than one million fourteen thousand (1,014,000) licenses. In addition, the private sector increased its contribution to the GDP to more than 70%, making the UAE among the top 10 in more than 28 of the most important global