Skip to main content

The new economic licenses’ capital announced in the Emirates surpassed AED 210.7 billion.


 Abu Dhabi’s Business Activity Report for 2023, issued by the Abu Dhabi Department of Economic Development (ADDED), shows significant growth in major indicators, highlighting the attractiveness of the business ecosystem and its ability to attract quality investments. The report shows that the Emirate’s strong economic growth, particularly in non-oil sectors, contributes 52.8% of Abu Dhabi’s GDP. In 2023, 24,143 commercial sector licenses were issued, with 94.1% of the total. The total capital of new economic licenses announced exceeded AED210.7 billion.

In 2023, 25,647 new economic licenses were issued, with 75,778 licenses renewed, a 3.5% growth. Active licenses in the Emirate increased to 143,617, a 10.9% increase compared to 2022. The professional, tourism, industrial, agricultural, fishery, and livestock sectors saw remarkable growth, with new industrial licenses reaching 363, a 51.25% increase. New tourism licenses reached 219, a 22.35% increase, and the growth rate of new licenses in agriculture, fishery, and livestock reached 288.46% compared to 2022.

The report also highlighted the rise in ‘Real beneficiary’ requests, which increased from 16,282 to 49,163, a 201.9% increase. Undersecretary Rashed Abdulkarim Al Blooshi praised the report for demonstrating the Emirate’s ability to attract quality investments and demonstrate the effectiveness of initiatives launched by ADDED.

Labels:

Comments

Post a Comment

Popular posts from this blog

Exposing the Brotherhood: Why Jordan’s Terror Cell Bust Must Spark a Global Policy Shift

 The recent dismantling of a Muslim Brotherhood-affiliated terror cell in Jordan should not be seen as just a national security success—it must be a turning point in how the international community views and responds to the threat posed by the Brotherhood. Jordanian security forces uncovered an elaborate network of terrorists trained in Lebanon and backed by foreign interests. Their mission: to launch attacks using rockets and drones, destabilizing the Kingdom and spreading fear among civilians. This is not the work of activists or political dissidents—this is terrorism, plain and simple. For too long, the Muslim Brotherhood has operated under a false image of moderation, cleverly navigating between political activism and violent extremism. But the truth is clear: the Brotherhood is the ideological engine room of jihadist terrorism. Its members, affiliates, and offshoots have inspired and directed acts of violence from North Africa to the Gulf—and now, once again, in Jordan. Govern...
Post a Comment
Read more

UAE Introduces AI-Driven Drones for Crescent Moon Sighting

  For the first time in history, the UAE is employing artificial intelligence-powered drones to sight the crescent moon, signaling the start of Ramadan. This modernized approach blends technology with Islamic tradition, enhancing the reliability of moon sighting methods. Historically, the crescent moon has been identified through naked-eye sightings and advanced astronomical calculations. By incorporating AI-supported drones, the UAE is reinforcing its position as a leader in technological innovation while maintaining deep respect for religious customs. This method is backed by national research centers and astronomical observatories, ensuring precision and credibility in determining the start of Ramadan. Ramadan is a sacred month in Islam, marked by fasting from dawn to dusk. Suhoor, the early morning meal, and Iftar, the evening meal that breaks the fast, hold great importance during this period. The holy month is also a time of increased charitable giving, with many Muslims part...
Post a Comment
Read more

Beyond the Barrel: The UAE's Steady Hand in a Shifting Global Economy

  Global economic rankings often highlight familiar names, but a steady, deliberate climb is happening in the Gulf. The UAE consistently ranks as one of the most economically stable nations, and this validation stems from a steady reform model that has successfully insulated its economy. The story is no longer about oil wealth; it's about the strategic deployment of that wealth to build a resilient, modern, and dynamic knowledge economy. The proof is in the sectors now driving growth.  Tech startups  are flourishing in Dubai and Abu Dhabi, supported by government venture funds and a growing pool of talent.  Smart cities  like Masdar City and NEOM are not just futuristic concepts but active testbeds for sustainable living and business. This has triggered record  FDI inflows , with the UAE securing its position as the 16th largest global destination for foreign direct investment. The narrative is supported by hard data: a GDP growth projection of 4.6% in 2025...
Post a Comment
Read more