Ajman DED issues 1,639 new licences in Q1 of 2024

AJMAN: The Department of Economic Development in Ajman (Ajman DED) announced that it has issued 1,639 new business licenses during the first quarter of 2024, reflecting an 11 per cent growth compared to the same period in the previous year. Notably, commercial licenses witnessed a 23 per cent surge during the same comparison period, according to a statement released by the DED.

“The positive business movement indicators in Q1 2024 underscore the DED’S unwavering commitment to creating a conducive business environment that empowers investors to operate seamlessly and efficiently,” stated Abdullah Ahmed Al Hamrani, Director-general of Ajman DED. “These encouraging results contribute to bolstering investor confidence in Ajman’s robust economy and enhancing its competitiveness.”

The data revealed the distribution of economic licenses across the emirate. Professional licenses accounted for 51 per cent, followed by commercial licenses at 44 per cent, and industrial licenses at 4 per cent. Moreover, certain activities have witnessed remarkable investor interest, including ready-to-wear apparel, retail perfume sales, snack sales, building maintenance, and restaurants.

Area-wise, Industrial Zone 1 topped the list of the five most active license issuance zones, followed by Ajman Industrial Zone 2, Al Nuaimia 1, Al Rawda 1, and Al Nuaimia 2.

The Emirate of Ajman witnessed a 7 per cent increase in total tourism revenue in the first quarter of 2024, driven by a 3 per cent rise in occupancy rates and a 9 per cent growth in visitor numbers compared to the same period in 2023.