The Department of Economic Development in Ajman (Ajman DED) has said the number of new economic licenses grew by 16 percent, from 2,271 licenses in the first half of 2021 to 2,637 licenses in H1 2022.
According to the H1 2022 business movement report, the number of new professional licenses is 1,479, with a growth rate of 12 percent, compared to 1,319 professional licenses during H1 2021, while the number of commercial licenses grew by 21 percent to 1,051 licenses, compared to 866 licenses in H1 2021.
The number of industrial licenses increased by 51 percent to 83, compared to 55 licenses in H1 2021.
While Ajman accounted for 91 percent of licenses, Masfout area accounted for 5 percent and Manama 2 percent.
The licenses issued during the first half of 2022 were concentrated in the top five regions in Ajman, which are Ajman Industrial 2, Ajman Industrial 1, Al Jurf Industrial 1, Al Nakheel 1 and Al Rashidiya 3.
The activities, with the most issued new licenses during the same period, varied between restaurants, tailoring clothes, as well as building and import activities.
Five economic introduced this year were the management of inheritance risks, AI development services, specialized QA services for games, support services for e-sports players, and a game studio.
Sheikh Abdullah bin Nasser Al Nuaimi, Acting Director-General of Ajman DED, said, “The economic landscape reflects the efforts made to attract investors and diversify the economy based on knowledge and innovation, as well as strengthening the economy, supporting investors, and enabling the emirate to continue growth in various sectors.”