Dubai’s economy picks up speed, promises stronger Q2 2019
- 35% increase in business licenses issued by DED
- DED issued 9,489 new licenses during Q1 2019
Signalling growing investor confidence in Dubai, new business licenses issued in the emirate during the first four months of 2019 increased 35% compared to the same period of 2018 according to a report issued by the Department of Economic Development (DED).The DED also has issued 9,489 new licenses during January-April 2019 as Dubai continued to accelerate in line with the emirate’s strategic plan to evolve into a sustainable economy driven by productivity and innovation.Economic expansion in the UAE is imminent due to the expected event of EXPO2020. 2019 has already welcomed increased business activity as 6,700 business licenses have been issued and the Dubai International Financial Market has already attracted Dh680 million in net foreign investment.
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