Home Business Ajman DED issues 1,275 new licences during Q1 2022

Ajman DED issues 1,275 new licences during Q1 2022

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AJMAN, 18th May, 2022 (WAM) — The Department of Economic Development in Ajman (Ajman DED) issued 1,275 new licences during the first quarter (Q1) of this year, with a growth rate of 10 percent compared to the same period of 2021, according to the business movement report issued by the Commercial Registration and Licencing Sector at the Ajman DED.

The remarkable growth in business licencing is a clear proof of the flexibility and sustainability of the Ajman’s economy, and the figures demonstrate the growing confidence in the business environment and the success of the strategic plan aimed at advancing sustainable economic growth, based on a solid and diversified economy with a view to enhancing productivity and innovation.

On this occasion, Sheikh Ahmed bin Humaid Al Nuaimi, Chairman of the Ajman DED, said that these data highlight the remarkable rise in the investment and indicate a sustainable growth for the Ajman economy.

Al Nuaimi stressed that the Ajman DED continues to implement the stimulus packages and decisions approved by the Ajman Government to support the business sectors and individuals in all fields, appreciating these decisions that reflect the interest of the wise leadership.

These decisions included all aspects of institutional and economic work without exception to prove that the emirate of Ajman provides a stimulating and supportive business environment and attracts investments, by enhancing confidence between the public and private sectors. Al Nuaimi explained that the Department is working to simplify services and procedures, in order to facilitate business registration and investment procedures and provide greater flexibility to investors and users, which allows them to establish their businesses within a short period of time.

In addition, the Department always provides assistance to investors through coordination with various local and federal government entities. He added that the Department’s initiatives during the last period contributed to promoting the growth of business in the economic sector and attracting more investments, noting that these figures reflect the business sectors’ confidence in economic investment opportunities. He also stressed that the results of the emirate’s business, including the issuance and renewal of business licences, are in line with general growth in Gross Domestic Product (GDP) of the emirate of Ajman.

WAM/MOHD AAMIR/Amjad Saleh

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