Over 16,600 new firms opened in Dubai during 2012 and major economic sectors and economic activity in the emirates remained stable and growing.
“Confidence in Dubai is rising. New project pipelines and growing links to new markets are attracting more investors who are leveraging the various business setup and growth options in Dubai,” Sami Al-Qamzi, director general of the Department of Economic Development (DED), said in a statement.
According to the Department of Economic Development (DED), they have issued 16,688 business licenses during 2012, which is a 16 percent increase over the 14,430 licenses issued in 2011. The tourism sector, at 56 percent, accounted for the major share of licenses in 2012, followed by the professional (21 percent) commercial (14 percent) and industrial (13 percent) sectors compared to 2011.
Read more: http://www.arabnews.com/economy/new-projects-dubai-attract-more-investors
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