AJMAN: The Department of Economic Development in Ajman (Ajman DED) reported a notable increase in business activity in the first half of 2024. The number of active licences grew by 15 percent compared to the same period in 2023, reaching a total of 37,755 active Economic licences in Ajman.
This growth highlights the sustainability and vitality of Ajman’s business sector.
The report also showed a 5 percent increase in new licences, with 3,000 new licences issued in the first half of 2024. New industrial and commercial licences saw a 14 percent rise. The most common new licences were for the sale of ready-made women’s clothing, building maintenance, and restaurants.
Additionally, over 15,000 Economic licences in Ajman were renewed, showing a growth rate of 9 percent. Industrial licences in Ajman led the renewals with a 10 percent increase, followed by professional and commercial licences at 9 percent. More than 34,000 commercial permits were issued during this period.
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Abdullah Ahmed Al Hamrani, Director-General of Ajman DED, said, “These figures show the significant improvement in Ajman’s business environment, making it a preferred destination for local and international investors. This progress reflects our efforts to simplify business operations and streamline administrative and legislative procedures.”
Al Hamrani added, “We are dedicated to supporting and enhancing the business environment in Ajman, offering promising opportunities for investors and entrepreneurs. Our goal is to achieve sustainable economic development and reach new levels of economic prosperity.”
-Agencies
