|
Abu Dhabi Department of Economic Development (DED) issued its quarterly first report for the commercial licenses in Abu Dhabi. The number of new commercial licenses registered in Abu Dhabi this year is 2161 licenses during the first quarter of 2012, bringing the total number of commercial licenses registered in the emirate to 105,953 licenses.
Commercial Affair Sector in Abu Dhabi Development Department (DED) issued 768 new licenses in January, 708 licenses in February and 685 licenses last March according to the quarterly first report of 2012, issued by Commercial Affair Sector concerning commercial transactions activities.
Mohamed Munif Al Mansouri, Acting Executive Director of Commercial Affairs Sector ,emphasized the continual rise of commercial activities at the level of the Emirate of Abu Dhabi, reflecting the growing desire for investors and businessmen either citizens or foreigners to obtaining available opportunities offered by the business environment in Abu Dhabi.
He stated that these commercial activities are not limited only to entry of new activities in to Abu Dhabi market, but also businessmen express their keenness to renew and expand their business activities in the emirate, where the total number of business licenses renewed during the first quarter about 17,866 licenses, which reflects the confidence and climate appropriate to their business activities in Abu Dhabi.
He added that Abu Dhabi’s Vision 2030 was the very foundation of a clear strategy for DED to improve business and make Abu Dhabi a hub for investment and businesses through plans, programs and regulations that govern the labor market and ensure the implementation of best practices in order to enable Abu Dhabi to be among the top business destinations on the international competitiveness reports.
DED’s report also shows the legal frame of commercial licenses for the first quarter of 2012 with individual companies at the top, 1576 licenses issued and 11855 renewed. Limited liability companies came second with a total of 424 licenses issued, and 3738 renewed.
As a sign of companies’ interest to expand in Abu Dhabi, Al Mansouri continued, DED issued in first quarter report of commercial licenses activities increasing in proportion of local and foreign companies, 161 licenses for new branches in Abu Dhabi have been issued, and 2113 branches renewed in Abu Dhabi, Al Ain and Western Region.
The report pointed out registering of 7 new Public Shareholder companies and renewing commercial activity to 23 branches of new Public Shareholder companies and 14 Private Shareholder Company during the first quarter of 2012. The report clarified one new commercial activity represented by Abu Dhabi Co-operative Society, two other activities renewed during the first quarter of 2012, while 5 new solidarity companies lisences are registered and 89 licenses were renewed.
|
New
Review
Abu Dhabi International Airport - 41°F
