Department of Economic Development - Ajman Issues 1,052 new Licenses During Q2 2017

The Department of Planning and Development at (DED-Ajman) has actually exposed the current efficiency indications covering the movement of business licenses provided by the Department of Enrollment and Economic Licenses. For the second quarter of 2017, the department released an overall of 1,052 brand-new licenses while 165 licenses were revoked or cancelled.

Official statistics and figures revealed a growth of 12.3 per cent in the number of renewals made during the second quarter of 2017 as compared to the very first quarter of the same year. The overall number of revivals was 6,286, as compared with 5,597 in the very first quarter.

Saud Sultan Al-Shammari, Director of Economic Enrollment and Licensing Department, DED Ajman, said: "Ajman is fast taking consistent steps to attaining its 2021 vision of developing a varied, affordable, and sustainable economic climate under the guidance of H.H. Sheikh Humaid bin Rashid Al Nuaimi, Member of the Supreme Council and Ruler of Ajman, and H.H. Sheikh Ammar bin Humaid Al Nuaimi, Crown Royal prince of Ajman and Chairman of the Executive Council. The Ajman government intends to reach a sustainable economic advancement; become one of the most appealing locations for investments in the UAE and the rest of the region; and construct a strong economic incubator for business growth."

Al-Shammari additionally associated the boost in the issuance and renewal of business licenses to the emirate's remarkable financial development. He claimed this indicates the boosting self-confidence of investors in Ajman's economic environment established as a result of the government's thorough financial development plans and efforts to guarantee the simplicity of doing business in the emirate. The government's initiatives are tailored to advertising sustainable financial growth to enhance the emirate's positioning as a favored financial destination at the local and regional levels.