Ajman, UAE — The emirate of Ajman has issued a total of 1,483 business licenses during the first quarter of 2023, showing a growth of 13 percent compared to Q1 2022, the Department of Economic Development in Ajman (Ajman DED) said.
Import and export, retail perfumes, general trade, and wholesale trade of women’s ready-made clothing are among the newest commercial licenses issued in Ajman during this period.
On the other hand, restaurants and meal sales, building maintenance, barbershops, and tailoring and dressmaking of women’s clothing are among the newest professional licenses issued during Q1 2023.
Renewal of licenses grew by 3 percent and process of issuing permits by 9 percent year on year.
Abdullah Ahmed Al Hamrani, Director-General of Ajman DED, said, “These results highlight a remarkable improvement in the business and investment movement and indicate sustainable growth in the Ajman economy. This reflects the resilience and sustainability of the emirate’s economy, the growing confidence in the business environment, and the strategic plan’s success aimed at advancing sustainable and diversified economic growth based on enhancing productivity and innovation.”
Al Hamrani added that the Ajman DED’s initiatives during the past period contributed to enhancing business growth in the economic sector and attracting more investments.