August 22, 2019 | 12:10 am
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Investor confidence in Dubai remains high

Investor confidence in Dubai as a competitive global hub and the business development potential in the emirate remained robust through the month of July 2018 with the Department of Economic Development (DED) witnessing 24,489 transactions related to business licensing and registration. A total of 1,651 licenses were issued during the month in addition to 12,532 License Renewals and 2,175 Initial Approvals, according to data recorded on the ‘Business Map’ digital platform of DED’s Business Registration & Licensing (BRL) sector.

The ‘Business Map’ tracks business registration and licensing in DED and seeks to reflect the economic realities in Dubai by providing vital data on each license category, including their numbers and distribution as well as investor trends on a monthly basis.

Overall business registration and licensing (BRL) activity and its distribution across sectors and areas in the emirate reaffirms improved investor confidence in the expansionary spending policies and growth potential in Dubai.

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